2908 Highway 7 Road 1805, Vaughan

$479,900
2908 Highway 7 Road 1805

$479,900

New
3d
Condo ApartmentApartment

2908 Highway 7 Road 1805, Vaughan

Total Monthly Obligation $2,913

HausQ Valuation Report
Bed+Den
2+1
Baths
2
Park
1
Sqft
600-699
DOM
3d
Score
19
Yield
5.9%
Cash on Cash
-4.3%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
11.9%
Property Type-Condo Apartment
MLS® Number-N14098686
Bed+Den-2+1
Bathrooms-2
Size-600-699 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,487.4 (2026)
Maintenance-$570.38/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-RE/MAX PREMIER INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Concord
Title-Residential Condo & Other

No agent assigned

Welcome to luxury living at Nord Condos, centrally located in the heart of the Vaughan Metropolitan Centre! This freshly painted, move-in-ready residence features a spacious primary bedroom complete with his-and-hers closets and an upgraded 4-piece ensuite. The versatile den includes an oversized glass sliding closet door and a 3-piece ensuite, easily functioning as a second bedroom or home office. A modern, upgraded kitchen showcases sleek quartz countertops and stainless steel appliances. Complete with one storage locker and an extra-large parking space, this condo is just steps from the VMC Subway station and minutes from Highway 400, Cortellucci Vaughan Hospital, Canada's Wonderland, and everyday shopping. Exceptional amenities include an exercise, weight, and yoga studio, theatre room, games room, pet spa, party room, guest suites, outdoor terrace, and bike storage.

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

Closing Costs

Mortgage Amount
$383,920
Land Transfer Taxes$6,073
Legal Fees (Est.)
$
Total cash required for closing$103,553

Total Monthly Obligation

$2,913/mo
Mortgage $1,936
Monthly Loss $2,404
Principal$509
Interest$1,426
Property Tax$207
Condo Fees$570
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.6%27
10-Year IRR
9.7%
Returns Index
14.4/ 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
$28,332/yr
NOI
$13,767/yr
Net Cash Flow
-$789/mo
Cash Margin
-33.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
27.0/ 100

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

Comparables

Properties near 2908 Highway 7 Road 1805

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.