2900 Highway 7 3405, Vaughan

$505,000
2900 Highway 7 3405

$505,000

New
22d
Condo ApartmentApartment

2900 Highway 7 3405, Vaughan

Total Monthly Obligation $3,093

Bed+Den
2+1
Baths
2
Park
1
Sqft
600-699
DOM
22d
Score
18
Yield
5.5%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Condo Apartment
MLS® Number-N13851470
Bed+Den-2+1
Bathrooms-2
Size-600-699 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,996.69 (2025)
Maintenance-$606.63/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL TEAM REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBA
Neighbourhood-Concord
Title-Residential Condo & Other

No agent assigned

Excellent Location! Sun-Filled High-Floor 1 Bedroom + Den 2 Bathroom Condo in Coveted Expo City! Welcome to this stunning, well-maintained unit in the highly coveted Expo City, located in the vibrant Vaughan Metropolitan Centre! This spacious, open-concept condo features floor-to-ceiling west-facing windows, a large balcony, and 9-foot smooth ceilings that fill the space with natural light and create a bright, airy atmosphere. The freshly painted suite is move-in ready and boasts several modern upgrades including a sleek white glossy kitchen with under-cabinet lighting, granite tile flooring at the entrance, and matching cabinet doors. Additional features include remote-controlled tulle blinds, a brand-new electric stove, and a 2024 refrigerator. The generous-sized bedroom includes a four-piece ensuite bathroom, and the separate den offers the perfect space for a home office or guest area. Residents of Expo City enjoy access to an impressive array of amenities. These include an indoor swimming pool, sauna, and steam showers, as well as change rooms and a fully equipped fitness centre with a yoga and pilates studio. The building also offers a media room, games and multi-purpose rooms, a party room with a full kitchen, a furnished guest suite, and a rooftop terrace with BBQ facilities. Additional conveniences include 24-hour concierge service, high-speed elevators, secure indoor and visitor parking, and pet-friendly, fully accessible common areas. Locker facilities and a tri-sort recycling system are also available. Ideally located near major highways including Highway 400 and 407, this condo is just steps from the Vaughan Metropolitan Centre TTC subway station and Viva rapidway. It is also close to York University, shopping, dining, entertainment, and all essential amenities, making it the perfect combination of luxury living and unbeatable convenience!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$404,000
Land Transfer Taxes$6,575
Legal Fees (Est.)
$
Total cash required for closing$109,075

Total Monthly Obligation

$3,093/mo
Mortgage $2,037
Monthly Loss $2,557
Principal$536
Interest$1,501
Property Tax$250
Condo Fees$607
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.1%1
5-Year IRR
7.1%19
10-Year IRR
8.5%
Returns Index
10.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$27,876/yr
NOI
$12,412/yr
Net Cash Flow
-$1,003/mo
Cash Margin
-43.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
25.1/ 100

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

Comparables

Properties near 2900 Highway 7 3405

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.