950 Portage Parkway, Unit 03, Vaughan, ON

$489,000
MLS#:N12349310
2 beds
2 baths
600-699 sqft
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Vaughan Corporate Centre. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $489,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 600-699 sqft
  • Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available
  • Notable attributes: Built-In Oven
  • equipped with central air central cooling and highly efficient fan coil heating via gas

Description

ONE OF THE BEST VALUE CONDOS IN VAUGHAN! Move On Up To This High Floor, Practical Unit With Stunning Views! YOU HAVE CHOICES, WHY NOT PICK A PREMIUM HIGH FLOOR SUITE? Spacious 2 Bedroom + 2 Bathroom Unit In Transit City 3 in the heart of the Vaughan Metropolitan Centre. This is a beautiful, neutral, bright & spacious unit and ONE OF THE LARGER FLOOR PLANS AT 665 sq.ft. + 114 sq. ft. southeast facing balcony with tremendous views! LOWER CONDO FEES COMPARED TO OTHER BUILDINGS * NOW PRICED AT ONLY $489,000 and features laminate flooring throughout, modern kitchen with integrated stainless steel appliances, quartz countertops & tile backsplash, Primary Bedroom with 4 piece ensuite bathroom, generous 2nd bedroom that can also be used as a home office or workout space, convenient 2nd full washroom, large entry hallway, freshly painted interior and more. Transit City 3 is literally just steps to the Subway with easy access to Downtown Toronto (which you can see from your balcony, by the way :) Bus Terminal, Shopping, Vaughan Mills, Canada's Wonderland, Buca, Restaurants and just minutes to Highway 400 & 407, York University and all the amenities that downtown Vaughan has to offer * Buyers/Investors, take advantage of the current market conditions and live on top of the world! The Vaughan Metropolitan Centre is going to be one of Ontario's premier communities - this is the right opportunity to get in for future growth.* BUY THIS CONDO AND THE SELLER WILL INCLUDE A $1,000 IKEA GIFT CARD TO HELP YOU FURNISH YOUR NEW HOME!

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Property Summary

This condo apartment located at 950 Portage Parkway, Vaughan is currently for sale and has been available on SousaSells for 332 days. This property is listed at $489,000 with an estimated mortgage of $1,628* per month. It has 2 beds, 2 bathrooms, and is 600-699 square feet. 950 Portage Parkway, Vaughan is in the Vaughan Corporate Centre neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateNovember 12, 2025
Sold price information is available to members only
Listed Date8/16/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementApartment
CountyYork
Annual Tax$2,571.73

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeFan Coil
CoolingCentral Air

Features

Property Features

Public Transit, Rec./Commun.Centre

Interior Features

Built-In Oven

Security Features

Concierge/Security, Smoke Detector, Carbon Monoxide Detectors

Community Features

Virtual Tours

Location

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950 Portage Parkway, Unit 03, Vaughan, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 950 Portage Parkway 5003, Vaughan, ON L4K 0J7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Vaughan.

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Interest Rate4.00%
Down Payment$146,700 (30.0%)
* Minimum Canadian down payment required for this price is $24,450.
Amortization Period30 Years
Estimated Monthly Payment$1,628Based on a loan of $342,300 over 30 years.
Purchase Price$489,000
Loan Amount$342,300
Provincial Land Transfer Tax:$6,255
Total Estimated Closing Taxes:$6,255

About Purchasing a Home in Vaughan, ON

For a property listed at $489,000 in Vaughan, the legal minimum down payment is $24,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,255 for this transaction. As this listing is in Vaughan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,255.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Vaughan Corporate Centre, Vaughan.

Verified Local Data
City Population323,103
City Median Age40.5 Yrs
City Ownership86% Owners
Avg Area List Price$583,384

People & Families

Age Distribution

Household Composition

One-person households
15%
Families with children
52%
Couples without children
28%
Other households
5%

Top Ethnic Origins

Italian35%
Canadian10%
Russian8%
Chinese6%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied86%
Rented14%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.