195 Commerce Street 303, Vaughan

$599,800
195 Commerce Street 303

$599,800

New
22d
Condo ApartmentApartment

195 Commerce Street 303, Vaughan

Total Monthly Obligation $3,587

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
600-699
DOM
22d
Score
17
Yield
5.0%
Cash on Cash
-8.2%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Condo Apartment
MLS® Number-N13847940
Beds-2
Bathrooms-2
Size-600-699 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$3,980 (2026)
Maintenance-$635.97/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 KENNECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immed./TBA
Neighbourhood-Vaughan Corporate Centre
Title-Residential Condo & Other

No agent assigned

Festival Tower by Menkes, total 1137sf of living space included large balcony. in the heart of South VMC. This bright and functional suite features an open-concept layout designed for efficient urban living, with floor-to-ceiling windows providing abundant natural light. Contemporary kitchen equipped with stainless steel appliances, quartz countertops, and custom cabinetry. High-end finishes throughout. Enjoy access to over 70,000 sq. ft. of world-class amenities, including an indoor pool, basketball court, soccer field, kids' playroom, music studio, and more. Conveniently located steps to Vaughan Metropolitan Centre Subway Station, with easy access to Hwy 400. Close to shopping, dining, and entertainment including Cineplex, Costco, and IKEA.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$479,840
Land Transfer Taxes$8,471
Legal Fees (Est.)
$
Total cash required for closing$129,931

Total Monthly Obligation

$3,587/mo
Mortgage $2,419
Monthly Loss $2,950
Principal$637
Interest$1,783
Property Tax$332
Condo Fees$636
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.4%0
5-Year IRR
6.1%15
10-Year IRR
7.7%
Returns Index
8.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,084/yr
NOI
$13,064/yr
Net Cash Flow
-$1,331/mo
Cash Margin
-53.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 195 Commerce Street 303

Time

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Data last updated within the past 24 hours.