2920 Highway 7 2604, Vaughan

$589,000
2920 Highway 7 2604

$589,000

New
20d
Condo ApartmentApartment

2920 Highway 7 2604, Vaughan

Total Monthly Obligation $3,402

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
20d
Score
18
Yield
5.4%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Condo Apartment
MLS® Number-N13858286
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 3, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$3,556 (2026)
Maintenance-$530/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-INTERCITY REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-IMMED
Neighbourhood-Concord
Title-Residential Condo & Other

No agent assigned

Welcome to this stunning 1-year-old condo located in the sought-after CG Tower at Highway 7 & Jane. This modern unit features 2 spacious bedrooms and 2 full bathrooms, thoughtfully designed for comfort and functionality. Enjoy an open-concept layout with contemporary finishes, perfect for both everyday living and entertaining. Comes with 1 parking space for added convenience. Residents have access to an impressive selection of building amenities, offering a lifestyle of comfort and luxury. Ideally situated close to transit, shopping, dining, and major highways, this is an excellent opportunity to own in a vibrant and growing community.

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

Closing Costs

Mortgage Amount
$471,200
Land Transfer Taxes$8,255
Legal Fees (Est.)
$
Total cash required for closing$127,555

Total Monthly Obligation

$3,402/mo
Mortgage $2,376
Monthly Loss $2,777
Principal$625
Interest$1,751
Property Tax$296
Condo Fees$530
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.3%25
10-Year IRR
9.4%
Returns Index
13.5/ 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
$31,992/yr
NOI
$16,477/yr
Net Cash Flow
-$1,003/mo
Cash Margin
-37.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
23.7/ 100

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

Comparables

Properties near 2920 Highway 7 2604

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.

Data is provided courtesy of PropTx.

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Data last updated within the past 24 hours.