520 Steeles Avenue W 609, Vaughan

$498,888
520 Steeles Avenue W 609

$498,888

New
16d
Condo ApartmentApartment

520 Steeles Avenue W 609, Vaughan

Total Monthly Obligation $3,131

HausQ Valuation Report
Bed+Den
2+1
Baths
2
Park
1
Sqft
700-799
DOM
16d
Score
18
Yield
6.0%
Cash on Cash
-5.3%
Cap Rate
3.5%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Condo Apartment
MLS® Number-N13874362
Bed+Den-2+1
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,533 (2026)
Maintenance-$707.4/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Foundation-Concrete Block
Possession-60 Days/TBA
Neighbourhood-Crestwood-Springfarm-Yorkhill
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and spacious 1-bedroom plus den suite, offering a thoughtfully designed open-concept layout, 2 full bathrooms, and unobstructed south-facing views. Large windows fill the home with natural light and provide beautiful sunset views, while 9-foot ceilings enhance the sense of space. Enjoy your private balcony-perfect for relaxing, enjoying the view, or having your morning coffee. The versatile den offers excellent flexibility and can be used as a home office or a separate bedroom. Conveniently located close to TTC, schools, Promenade Mall, Centrepoint Mall, parks, shopping, and everyday amenities. Maintenance fees include heat and water. Residents enjoy excellent building amenities including a fitness centre, 24-hour concierge, party room, guest suites, visitor parking, and more. A bright and comfortable home in a highly convenient location.

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

Closing Costs

Mortgage Amount
$399,110
Land Transfer Taxes$6,453
Legal Fees (Est.)
$
Total cash required for closing$107,731

Total Monthly Obligation

$3,131/mo
Mortgage $2,012
Monthly Loss $2,601
Principal$530
Interest$1,483
Property Tax$211
Condo Fees$707
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
7.9%23
10-Year IRR
9.2%
Returns Index
12.6/ 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
$29,748/yr
NOI
$13,351/yr
Net Cash Flow
-$900/mo
Cash Margin
-36.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
25.2/ 100

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

Comparables

Properties near 520 Steeles Avenue W 609

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.