81 Townsgate Drive 1103, Vaughan

$495,000
81 Townsgate Drive 1103

$495,000

New
24d
Condo ApartmentApartment

81 Townsgate Drive 1103, Vaughan

Total Monthly Obligation $3,436

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
24d
Score
18
Yield
7.1%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Condo Apartment
MLS® Number-N13840406
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 29, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,329.94 (2026)
Maintenance-$1,045.1/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP-ADMIRAL REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-FLEX CLOSING
Neighbourhood-Crestwood-Springfarm-Yorkhill
Title-Residential Condo & Other

No agent assigned

Perfect for first-time home buyers, this bright and spacious 2-bedroom, 2-bathroom condo at 81 Townsgate Drive #1103 in Vaughan offers exceptional value, comfort, and convenience in a prime Bathurst & Steeles location. This well-maintained unit features approximately 900+ sq. ft. of carpet-free living space with an open-concept layout, large windows, and a private balcony with clear southwest views. Enjoy the benefit of all utilities included in the maintenance fees-heat, hydro, water, A/C, parking, and more-providing excellent cost certainty and affordability. The unit is equipped with new appliances, in-suite laundry, and a functional kitchen with breakfast bar, while the spacious primary bedroom boasts a walk-in closet and a 4-piece ensuite. A second full bathroom adds flexibility for families or guests. Additional highlights include a new air conditioning system (2023), a building roof replacement (2025), one owned underground parking space, and a locker. Residents enjoy premium amenities such as an outdoor pool, tennis court, sauna, exercise room, party room, and 24/7 gated security. Surrounded by parks like Moore Park, Lakehurst Park, and G. Ross Lord Park. Enjoy nearby schools like St. Elizabeth Catholic High School, Newtonbrook High School, Fisherville Public School, Louis Honore Frechette French Emersion School, Hodan Nalayeh Secondary School, Brownridge Public School. Conveniently located in the Bathurst & Steeles area with access to shopping centres, grocery stores, Promenade Mall & Centrepoint Mall, Bathurst & Clark Resource Library & Goulding Community Recreation Centre. The location offers easy access to the TTC, Viva/YRT busses & Highways 407 & Highway 7.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$396,000
Land Transfer Taxes$6,375
Legal Fees (Est.)
$
Total cash required for closing$106,875

Total Monthly Obligation

$3,436/mo
Mortgage $1,997
Monthly Loss $2,911
Principal$525
Interest$1,471
Property Tax$194
Condo Fees$1,045
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.7%27
10-Year IRR
9.9%
Returns Index
14.7/ 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
$34,920/yr
NOI
$14,157/yr
Net Cash Flow
-$817/mo
Cash Margin
-28.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.6/ 100

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

Comparables

Properties near 81 Townsgate Drive 1103

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.