Transit City Condos
8Listings for Salefor Sale
21Listings for Rentfor Rent
5 Buttermill Ave, 898 Portage Pkwy, 3210 Highway 7 & 100 New Park Place
Transit City Condos
8Listings for Salefor Sale
21Listings for Rentfor Rent
Walk Score
41
Transit Score
79
Bike Score
56
© MapTiler © OpenStreetMap
0
CONDO Demand
Average
Unit Availability
Above Average
Property Type
Condo
Developer
CentreCourt Developments Inc.
Condo Completion
2020
Property Management
TBD
Unit Size Range
502 - 1899 SQFT
Number of Units
1700
Number of Storeys
55

5 Buttermill Ave, Toronto

About this condo

Condo Overview

Transit City Condos is made up of 3 towers, standing 55 storeys tall, and situated at 5 Buttermill Ave in the Vaughan Metro Centre Area. The development is so large that it actually encompasses 4 addresses: 5 Buttermill Ave, 898 Portage Pkwy, 3210 Highway 7 & 100 New Park Place.

This master planned condo community was completed in 2020, adding 1700 much-needed units to the city of Vaughan. Concord developed the complex; the same developers behind the City Place neighbourhood. The location was selected to provide condo residents with easy access to the recently built Vaughan Metropolitan Centre Subway Station, found less than a 2 minute walk from the building.

5 Buttermill Ave contains an extensive 24,000 square foot amenity centre — as one would expect from Concord. Residents have every anticipated condo convenience available to them including a full fitness centre, a rooftop pool and deck, an indoor track, saunas, yoga studio, basketball and squash courts, a party room, a business centre, and underground parking.

Concord has proven that they know how to create a master-planned community and their footprint is obvious here; the complex has a 9 acre park on-site and a true community feel. Price per square foot and condo fees are above the neighbourhood average, but compared to prices in Toronto, they are considerably discounted.

The Suites

With 1700 condos in the complex, it goes without saying that there's plenty of selection for prospective buyers. Suite sizes range from 503 square feet to 950 square feet and all units come equipped with high end finishes and appliances.

Units can have a number of different types of flooring dependent on the original occupant’s selection; some feature hardwoods and others have high end laminate or wood-vinyl flooring. Prospective buyers can expect to encounter efficiently designed kitchens with integrated appliances, and stone countertops. As well, units come with stackable laundry.

Bathrooms are well-appointed — and residents will love their rain shower heads after a long day at work. Large floor to ceiling windows provide an abundance of natural light, giving units a warm vibe.

The Neighbourhood

Vaughan is a fantastic place to raise a family, and it’s an area where kids can still go out and explore in nature. Boyd Conservation Park provides kilometres of walking trails with beautiful natural scenery. Green spaces are evenly spaced throughout residential areas, and there are great schools and athletic facilities. 5 Buttermill Ave is a somewhat commercial area, but the 9 acres of green space on-site should be plenty.

Of course, we could hardly mention Vaughan without acknowledging Canada’s Wonderland — arguably the greatest park in the country as far as young kids are concerned. The community also offers a number of unique entertainment sources from Mini-putt, to paintball, and even axe throwing.

Transit City Condos is surrounded by convenient shopping, dining, and entertainment. Shopping is made easy with dozens of big box stores in the area and the colossal SmartCentres Woodbridge on the opposite side of the 400.

Whether you’re looking for a dine-in experience or something fast that you can takeout, there’s multiple options close to home; Via Panini Italian Sandwiches or Gordo's Diner for lunch, Botticelli Restaurant for Italian, and St. Louis Bar & Grill for dinner and drinks while you watch the big game. Coffee lovers have one of the best sources close by with Balzacs just around the corner.

Transportation

5 Buttermill Ave is close to numerous businesses where residents can pick up the essentials or grab groceries. However, the suburban nature of the area might deter residents from trying to get things done on foot as there are sprawling parking lots all around and many roads don’t have sidewalks.

Public Transit is a different story. The Transit Condos live up to their name by providing incredible access to public transit: Vaughan Metropolitan Bus Terminal is located right outside of the building. Vaughan Metropolitan Centre Subway Station is just a 5 minute walk south for trips into the downtown core, and the ride only takes about 50 minutes in total.

Car owners have it made. The nearest on-ramp to highway 400 is only 1 kilometre from the building, as well, there are nearby on-ramps for the 407 and Highway 7. Even with a little traffic, drivers can make it into the core in roughly 30 mins.

Amenities

Guest Suites
Sauna
Media Room
Concierge
Games Room
Visitor Parking
Underground Parking
Rooftop Deck/Garden
Party/Meeting Room
Gym

Maintenance Fees Cover

Maintenance fees include

None

Owner / renter pays separately

Hydro
Heat
Air Conditioning
Water

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
Transit City Condos vs The Vaughan Metropolitan Centre Area

$243.00
More Expensive
per SQFT compared to the neighbourhood average
Transit City Condos's Avg
price per SQFT
$1,024
/ SQFT
Neighbourhood Avg
price per SQFT
$781
/ SQFT

Building Trends At Transit City Condos

Days on Market

Units at Transit City Condos spend an average of
23
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
3%
above
the list price.

Offer Competition

Condos in this building have an

AVERAGE
chance of receiving
Multiple Offers

Turnover of Units

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

Property Value

12%
Increase in property value within the past twelve months

Price Ranking

2nd
Highest price per SQFT out of 9 condos in the Vaughan Metropolitan Centre area

Sold Units

103
Units were Sold over the past twelve months

Rented Units

254
Units were Rented over the past twelve months

Best Value

Transit City Condos offers the
?
best value out of 9 condos in the Vaughan Metropolitan Centre neighbourhood

Return on Investment

Transit City Condos has the
?
highest ROI out of 9 condos in the Vaughan Metropolitan Centre neighbourhood

Rental Yield

Transit City Condos yields the
?
highest rent prices out of 9 condos in the Vaughan Metropolitan Centre neighbourhood

High Demand

Transit City Condos is the
?
most popular building out of 9 condos in the Vaughan Metropolitan Centre neighbourhood

Sales vs Rental Values For This Condo

1 Bed502 - 649 SQFT
Average Cost Per Sqft$908
Sales Price Range$440,000 - $613,000
Rental Price Range$1,600 - $2,200
1 Bed + Den503 - 699 SQFT
Average Cost Per Sqft$913
Sales Price Range$527,000 - $615,750
Rental Price Range$1,550 - $1,900
2 Bed503 - 849 SQFT
Average Cost Per Sqft$938
Sales Price Range$550,000 - $740,000
Rental Price Range$1,650 - $2,500
2 Bed + Den628 - 855 SQFT
Average Cost Per Sqft$928
Sales Price Range$593,000 - $831,888
Rental Price Range$1,650 - $2,650
3 Bed911 - 1024 SQFT
Average Cost Per Sqft$831
Sales Price Range$750,000 - $890,000
Rental Price Range$2,275 - $3,000
3 Bed + Den949 - 949 SQFT
Average Cost Per Sqft$895
Sales Price Range$835,000 - $835,000
Rental Price Range
N/A

How Often Are Units Listed?

1 Bed502 - 699 SQFT
Average Sales Availability
Every44Days
Average Rental Availability
Every7Days
Ratio of Unit Type in Building11%
1 Bed + Den503 - 699 SQFT
Average Sales Availability
Every52Days
Average Rental Availability
Every6Days
Ratio of Unit Type in Building11%
2 Bed503 - 849 SQFT
Average Sales Availability
Every10Days
Average Rental Availability
Every2Days
Ratio of Unit Type in Building45%
2 Bed + Den600 - 950 SQFT
Average Sales Availability
Every19Days
Average Rental Availability
Every3Days
Ratio of Unit Type in Building26%
3 Bed820 - 1024 SQFT
Average Sales Availability
Every78Days
Average Rental Availability
Every7Days
Ratio of Unit Type in Building10%
3 Bed + Den949 - 949 SQFT
Average Sales Availability
N/A
Average Rental Availability
N/A
Ratio of Unit Type in Building1%

Maintenance Fees
Transit City Condos vs The Vaughan Metropolitan Centre Area

$0.02
More Expensive
per SQFT compared to the neighbourhood average
Transit City Condos's Avg
monthly maintenance
fee per SQFT
$0.64
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.62
/ SQFT

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