745 New Westminster Drive 409, Vaughan

$579,000
745 New Westminster Drive 409

$579,000

New
14d
Condo ApartmentApartment

745 New Westminster Drive 409, Vaughan

Total Monthly Obligation $3,595

Bed+Den
3+1
Baths
1
Park
1
Sqft
900-999
DOM
14d
Score
19
Yield
6.4%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.2%
10Y IRR
12.8%
Property Type-Condo Apartment
MLS® Number-N14033356
Bed+Den-3+1
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 9, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$2,594 (2025)
Maintenance-$843.25/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ARISTON REALTY CORP.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Anytime
Neighbourhood-Brownridge
Title-Residential Condo & Other

No agent assigned

Spacious, sun-filled, and move-in ready, this beautifully maintained open-concept condo offers exceptional value in one of Thornhill's most sought-after and convenient neighbourhoods. Filled with natural light throughout, the suite feels warm, airy, and inviting from the moment you walk in. Ideally located just steps to Promenade Mall, synagogues, schools, public transit, parks, and everyday shopping, this is an incredible opportunity to own in a prime community at an attractive price point. The thoughtfully designed custom kitchen features white cabinetry, quartz countertops, a large 4-door panty, and an island with deep sliding pot drawers - offering both style and functionality with abundant storage. The updated bathroom, ceramic tile flooring in the entryway and laundry area, and generous living space add to the home's clean, modern appeal. Set within a well-managed, pet-friendly building, this condo is perfectly suited for downsizers, first-time buyers, professionals, or anyone looking for comfortable, low-maintenance living without compromising on space or location. Priced to sell and offering outstanding value in today's market, this is a rare opportunity you won't want to miss.

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

Closing Costs

Mortgage Amount
$463,200
Land Transfer Taxes$8,055
Legal Fees (Est.)
$
Total cash required for closing$125,355

Total Monthly Obligation

$3,595/mo
Mortgage $2,336
Monthly Loss $2,980
Principal$615
Interest$1,721
Property Tax$216
Condo Fees$843
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.8%34
10-Year IRR
10.6%
Returns Index
18.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$37,308/yr
NOI
$18,464/yr
Net Cash Flow
-$797/mo
Cash Margin
-25.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
23.4/ 100

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

Comparables

Properties near 745 New Westminster Drive 409

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.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.