2 Summit Drive, Vaughan

$1,069,000
2 Summit Drive

$1,069,000

New
17d
Att/Row/Townhouse2-Storey

2 Summit Drive, Vaughan

Total Monthly Obligation $5,138

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
17d
Score
17
Yield
4.1%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.0%
Property Type-Att/Row/Townhouse
MLS® Number-N13871982
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-37.7 × 101.68 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-6-15
Taxes-$5,414.56 (2025)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTY ENTERPRISES INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-1-29 Days
Neighbourhood-Vellore Village
Title-Residential Freehold

No agent assigned

Popular Vellore Village, family neighbourhood in Vaughan. This home shows like a Model * it boasts 1,785 sq ft plus 430 sq ft spacious living with a finished recreation room . This Gorgeous Freshly Painted End Unit Freehold Townhouse, please consider that since the garage is only attached to neighbour's garage - it is extremely private. Note GEO Warehouse indicates LINK HOME with no common interior wall on either side of the house. * Experience luxury > 2026 Brand New EcoTech Windows 25 year transferrable warranty. Enjoy your special dinners in the Chef's Gourmet Kitchen w/Quartz backsplash and a Breakfast Bar, * Newer Stainless Steel Appliances* This home has a wonderful layout with separate dining and private living room features a convenient door directly to the patio and to include a fully fenced yard > The perfect private space for evening entertainment. This home features quality Hardwood Flooring on Main & 2nd Floor plus various upgrades throughout. Enjoy a Large Primary Bedroom w/extra large closet + 4pc ensuite bath with a sunken tub and there are 2 additional spacious bedrooms and a total of 3 Bathrooms * Recently Finished Basement and an ideal area as a recreation room or an extremely large 4th bedroom * Roughed in Washroom Special Note: Private corner lot allows complete privacy on the left side of the home and there is no common wall on that side. Single car garage & driveway for 3 Car Parking ** EXTRAS** Ideal Location: Close To Top-Rated Public and Catholic Schools known for exceptional education > This home is near Canada Wonderland, Vaughan Mills Mall, Viva Bus Terminal and easy drive to at Subway at Vaughan Metropolitan Centre. Plus the Maple Go Train takes you right to Downtown Toronto. Steps to all Amenities and living and super close. Easy Access to Hwy 400, Hwy 7 & Hwy 407 > Vaughan is one of the Most Sought-After Neighbourhood in Ontario.

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Closing Costs

Mortgage Amount
$855,200
Land Transfer Taxes$17,855
Legal Fees (Est.)
$
Total cash required for closing$233,155

Total Monthly Obligation

$5,138/mo
Mortgage $4,312
Monthly Loss $4,004
Principal$1,135
Interest$3,177
Property Tax$451
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
13.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$44,100/yr
NOI
$29,775/yr
Net Cash Flow
-$1,831/mo
Cash Margin
-49.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
17.8/ 100

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

Comparables

Properties near 2 Summit Drive

Time

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