211-81 Townsgate Drive, Vaughan, ON

Crestwood-Springfarm-Yorkhill, Vaughan · MLS® N14089674

$529,999
For Sale
Listed 3 days agoNo offer date stated
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2Bedrooms
1Bathrooms
1Garage
800-899Sq ft

About this home

In short

  • Welcome to this tastefully renovated two-bedroom condo in the heart of Thornhill.
  • Featuring beautiful vinyl flooring throughout, beautifully renovated kitchen with top notch s/s appliances with additional 2 year warranty remaining , quartz counter...
  • Conveniently located near public transit, grocery stores, parks, shopping, places of worship major highways, building features exercise room, outdoor pool, rec room...

Welcome to this tastefully renovated two-bedroom condo in the heart of Thornhill. Featuring beautiful vinyl flooring throughout, beautifully renovated kitchen with top notch s/s appliances with additional 2 year warranty remaining , quartz counter tops, tastefully renovated bathroom with quartz countertops, new vanities , and a functional open-concept layout, this inviting residence offers a warm and comfortable setting for first-time buyers, young families, or those looking to downsize. Enjoy your morning coffee or unwind in the evening on the private balcony overlooking mature trees an ideal retreat for relaxation. Conveniently located near public transit, grocery stores, parks, shopping, places of worship major highways, building features exercise room, outdoor pool, rec room, sauna, tennis court and visitor parking. This home combines everyday convenience with comfortable living in a sought-after Thornhill community.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N14089674
Bedrooms
2
Bathrooms
1
Size
800-899 sq ft
Cross streets
BATHURST ANDTOWNSGATE
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$982/mo
Exposure
South
Property tax
$2,120 / 2026
Days on market
3
Listing brokerage
SUTTON GROUP-ADMIRAL REALTY INC.

Rooms

KitchenMain7.84 × 8.66 m

stainless steel appl · renovated · quartz counter

Bedroom 2Main9.09 × 12.89 m

vinyl floor · closet

Dining RoomMain17.71 × 11.48 m

vinyl floor · combined w/living · open concept

Living RoomMain17.71 × 11.48 m

vinyl floor · w/o to balcony · open concept

BedroomMain10.73 × 15.28 m

vinyl floor · closet

Our TakeTeam Asgarian · Broker
A small discount is typical
$511Klikely sale price

Listed at $529,999. Going by how homes in Crestwood-Springfarm-Yorkhill and the wider GTA have actually closed against their asking prices (about 96%, 20 local closings in 90 days), the likely sale price is near $511K, if it sells. A realistic range is $481K to $553K.

Independent value check: $447K. Without looking at the asking price, our model values the home itself about 16% below the ask (homes like it typically land between $416K and $470K).

Why $447K. The typical condo sold in Crestwood-Springfarm-Yorkhill over the past year went for about $620K (119 sales). What sets this one apart:

  • ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $2,120 a year; the typical home sold here pays about $3,100.
  • ▼ Lowers it stronglyIt is 800 to 899 sq ft; the typical home sold here is 1,200 to 1,399.
  • ▼ Lowers it strongly2 bedrooms and 1 baths, against 2+1 and 2 typically.
  • ▲ Raises itThe listing describes it as fully renovated or newly built.
List price
$481KBelow recent closings$553KAbove recent closings

Total price vs nearby homes. Likely closing about $511K, from 20 recent closings in this pocket.

The market behind the math:

20sold nearby · 90 days
$567Kmedian sold price
93%of asking, on average
−8%prices vs a year ago
~69 dayshomes like this take to sell
3days on market so far
$2,568/moest. rent · 5 leases
5.8%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3.2 months of inventory: 21 condo apartment homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $624/sqft against an area asking average of $625/sqft.

How this estimate is builtthe short version

This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.

It never sees the asking price. The 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $459K. Condition and finishes remain an in-person call.

What the listing highlights3 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
  • Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($624/sqft) is in line with the area, so you are paying for extra space rather than a premium.

Based on 7 homes sold in this building over the past two years, from 224 closings in Crestwood-Springfarm-Yorkhill.

What sellers nearby are askingCurrently listed nearby in Crestwood-Springfarm-Yorkhill · asking prices
$505kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $581/sqft; this home lists at $624/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 7 active listings nearby.

See all comparable homes
530kThis home495k440k479k495k615kThis home vs active comparables

Sold price trend

Median sold price for condos in Crestwood-Springfarm-Yorkhill: $485K in September 2026, down 13% from a year ago, on 110 closings in 11 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$573K14
November 2025$794K6
December 2025$714K6
February 2026$651K11
March 2026$558K12
April 2026$573K10
May 2026$753K10
June 2026$617K15
July 2026$650K11
August 2026$570K9
September 2026$485K6

Neighbourhood & location

Crestwood-Springfarm-Yorkhill, Vaughan, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Brownridge
$557K
Beverley Glen
$572K
Vaughan Corporate Centre
$485K
Concord
$563K
Vellore Village
$500K

Typical asking price of active listings of the same type, per area (outliers removed). Vaughan.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$2,416/mo
$119KIncome needed
4.4×Price ÷ income
$557Weekly cost
$7,075Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

68%mortgage
Mortgage $2,416Property tax $177Condo fee $982Total carry $3,574

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,344per month

Mortgage amount $423,999 · 4.49% over 25 years

$106,000Down payment (20.0%)
$423,999Loan before insurance
$0CMHC premium
$3,503Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,344
Property tax
$177
Condo / maintenance fees
$982
Heating
$0
Estimated monthly cost
$3,503

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$7,075
Estimated closing costs
$7,075

Plus your down payment of $106,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,837/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$279,310Total interest paid
$703,309Total of all payments
Principal $423,999 Interest $279,310
YearPrincipalInterestBalance
1$9,462$18,671$414,537
2$9,891$18,241$404,646
3$10,341$17,792$394,305
4$10,810$17,322$383,495
5$11,301$16,831$372,194
6$11,814$16,318$360,380
7$12,350$15,782$348,030
8$12,911$15,221$335,119
9$13,497$14,635$321,621
10$14,110$14,022$307,511
11$14,751$13,381$292,760
12$15,421$12,712$277,340
13$16,121$12,012$261,219
14$16,853$11,280$244,366
15$17,618$10,514$226,748
16$18,418$9,715$208,330
17$19,254$8,878$189,076
18$20,128$8,004$168,948
19$21,042$7,090$147,906
20$21,998$6,135$125,908
21$22,996$5,136$102,912
22$24,041$4,092$78,871
23$25,132$3,000$53,739
24$26,273$1,859$27,466
25$27,466$666$0

At the end of your 5-year term

Total paid over the term
$140,662
Principal paid down
$51,805
Interest paid
$88,857
Balance remaining
$372,194

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
From 5 whole-home leases in Crestwood-Springfarm-Yorkhill$2,568/mo
$30,816Gross annual rent
2.4%Cap rate after taxes and upkeep
$2,260 to $2,876Typical rent range
~17 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 5 whole-home leases in Crestwood-Springfarm-Yorkhill signed at a median of $2,731 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,568. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.

5.8%
Gross yield
− Property tax $2,120− Condo fees $11,781− Insurance $600− Vacancy & upkeep $3,390Net operating income $12,925

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.

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