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    Vaughan / Vaughan Metropolitan Centre

    506 - 195 COMMERCE St

    For RentFestival Condos
    $2,950/mth
    2 Beds
    2 Bath
    1 Parking
    600 - 699 SQFT
    19 Days on Strata

    Listing History

    Unit Highlights

    Possession Date:
    December 24, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    North
    Locker:
    Owned
    Laundry:
    Main
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Air Conditioning
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Bedroom
    0 x 0ft
    2nd Bedroom
    0 x 0ft
    Kitchen
    0 x 0ft

    About this Listing

    Modern 2-bedroom condo in a prime Vaughan Metropolitan Centre (VMC) location. This bright, open-concept unit features floor-to-ceiling windows that fill the space with natural light. The living room flows seamlessly into a large balcony with unobstructed views, perfect for relaxing and entertaining. Enjoy the convenience of being just steps away from the Vaughan Metropolitan Subway Station. The condo is part of a master-planned community offering extensive amenities, including a 70,000 sq. ft. space with a swimming pool, basketball court, soccer field, kids' room, music studio, and a farmers' market. Within minutes of shopping and entertainment options such as Ikea, Costco, Walmart, Cineplex, YMCA, and various dining choices.

    royal canadian realtyMLS® #N11900680

    Amenities

    Gym Room
    Party Room
    BBQs Allowed
    Sauna
    Games Room
    Indoor Parking

    Explore Neighbourhood

    Unknown
    Walkability
    Unknown
    Transit
    Unknown
    Bikeability

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,012
    Average Individual Income
    $74,684
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $122,482
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    18%
    50 - 64
    24%
    65+
    19%
    Household Income
    $0 - $30,000
    46%
    $30,000+
    25%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    5%
    Housing Types & Tenancy
    Detached
    46%
    Semi Detached
    19%
    High Rise Apartment
    13%
    Low Rise Apartment
    10%
    Duplex
    9%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    73%
    Other
    9%
    Cantonese
    7%
    Mandarin
    6%
    Tagalog
    2%
    Russian
    1%
    Spanish
    1%
    Tamil
    1%
    Education
    High School
    30%
    University and Above
    27%
    None
    17%
    College
    16%
    Apprenticeship
    4%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    18%
    Health & Related Fields
    14%
    Social Sciences
    14%
    Personal, Protective & Transportation Services
    5%
    Humanities
    4%
    Physical Sciences
    4%
    Math & Computer Sciences
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Building Trends At Festival Condos

    Days on Strata

    Units at Festival Condos spend an average of
    N/A
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Vaughan Metropolitan Centre

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 7 condos in the Vaughan Metropolitan Centre area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    11
    Units were Rented over the past twelve months

    Best Value Rank

    Festival Condos offers the
    ?
    N/A
    best value out of 7 condos in the Vaughan Metropolitan Centre neighbourhood

    Appreciation Rank

    Festival Condos has the
    ?
    N/A
    highest ROI out of 7 condos in the Vaughan Metropolitan Centre neighbourhood

    Rental Yield

    Festival Condos yields the
    ?
    N/A
    highest rent prices out of 7 condos in the Vaughan Metropolitan Centre neighbourhood

    High Demand

    Festival Condos is the
    ?
    N/A
    most popular building out of 7 condos in the Vaughan Metropolitan Centre neighbourhood

    Transaction Insights at 195 Commerce Street

    Studio1 Bed1 Bed + Den2 Bed
    Price RangeNo DataNo DataNo DataNo Data
    Avg. Cost Per SqftNo DataNo DataNo DataNo Data
    Avg. Wait for Unit AvailabilityNo DataNo DataNo DataNo Data
    Ratio of Units in Building14%59%19%10%

    Transactions vs Inventory

    Total number of units listed and leased in Vaughan Metropolitan Centre