5 Buttermill Ave. This condo at Transit City Condos is located in  Vaughan, Toronto - image #1 of 3 by Strata.ca
5 Buttermill Ave. This condo at Transit City Condos is located in  Vaughan, Toronto - image #2 of 3 by Strata.ca
5 Buttermill Ave. This condo at Transit City Condos is located in  Vaughan, Toronto - image #3 of 3 by Strata.ca
pin_buy5 Buttermill Ave, 898 Portage Pkwy, 3210 Highway 7 & 100 New Park Place
10Listings for Salefor Sale
33Listings for Rentfor Rent
building_buyTransit City Condos
building_buyTransit City Condos
10Listings for Salefor Sale
33Listings for Rentfor Rent
Walkability
4/10
Transit
8/10
Bikeability
6/10
© OpenStreetMap
map of location
Developer
CentreCourt Developments Inc.
Condo Completion
2020
Property Management
TBD
Property Type
Condo
Unit Size Range
501 - 1899 SQFT
Number of Units
1700
Number of Storeys
55
CONDO Demand
Average
Unit Availability
Above Average

5 Buttermill Ave, Toronto

Everything You Need to Know About 5 Buttermill Avenue

Transit City Condos consists of 3 towers, standing 55 storeys tall in the Vaughan Metropolitan Centre neighbourhood. The development is so large that it actually encompasses 4 addresses: 5 Buttermill Avenue, 898 Portage Parkway, 3210 Highway 7 & 100 New Park Place.

Its location was selected to provide condo residents with easy access to the recently-built Vaughan Metropolitan Centre Subway Station, less than a 2-minute walk from the building.

Price of condos at 5 Buttermill Avenue

Here is some pricing data, based on transactions over the past 12 months:

The average condo sale price can range from $528,000 for a one bedroom to $835,000 for a 3 bedroom plus den. The average price for rentals can range anywhere from $1,700 to $3,600 per month.

From a cost per-square-foot perspective, units here are selling at $916 PSF, and leasing at $3.42 PSF.

How many condos have sold and rented at 5 Buttermill Avenue?

In the past year, 274 suites have rented, and 68 have sold.

There are currently 19 units available for sale and 9 for rent. On average, a condo will sell in 17 days and rent in 19, which means this condo is in high demand.

The Suites

With 1,700 condos in the complex, it goes without saying there's plenty of selection for prospective buyers. Suite sizes range from 501 to 1,899 square feet. All units come equipped with high-end finishes and appliances.

Units can have different types of flooring depending on the original occupant’s selection. Some feature luxurious hardwood, while others have laminate or a combination of wood-vinyl. Prospective buyers will find efficiently-designed kitchens with integrated appliances and stone countertops. As well, units come with stackable laundry.

Bathrooms are well-appointed, and residents here love their rain showerheads. Large floor-to-ceiling windows provide an abundance of natural light, giving units a warm atmosphere.

What amenities does Transit City Condos offer?

5 Buttermill Avenue contains an extensive 24,000 square foot amenity centre as one would expect from Concord. Residents have every convenience available, including:

  • Fitness Centre
  • Rooftop Pool and Deck
  • Indoor Track
  • Saunas
  • Yoga Studio
  • Basketball and Squash Courts
  • Party Room
  • Business Centre

Condo Fees

Maintenance fees are $0.66 per-square-foot. This is higher than the neighbourhood average of $0.65 per-square-foot.

However, condo fees only cover the general upkeep of the building. Residents must pay separately for:

  • Hydro
  • Heat
  • Air conditioning
  • Water

The Neighbourhood

Transit City Condos is surrounded by great local amenities. Shopping is easy with dozens of big box stores near 898 Portage Parkway, plus the colossal SmartCentres Woodbridge on the opposite side of Highway 400.

For dining out, there are multiple options close to home. They include Via Panini Italian Sandwiches, Gordo's Diner, Botticelli Restaurant, and St. Louis Bar & Grill. Coffee lovers have one of the best sources close by with Balzacs just around the corner.

Vaughan is a fantastic place to raise families as this is an area where kids can still explore the great outdoors. Boyd Conservation Park provides kilometres of walking trails with beautiful natural scenery. Green spaces are evenly spread throughout residential areas, and there are great schools with athletic facilities nearby. 5 Buttermill Avenue is a somewhat commercial area. But the 9 acres of green space on-site should be plenty.

And of course, we could hardly mention Vaughan without acknowledging Canada’s Wonderland — arguably Canada's best park for young kids.

What is the walk score of 5 Buttermill Avenue?

This property has a walk score of 43, making it easier to get around the neighbourhood with a car. The transit score is much better at 86, offering an impressive public transportation network. Meanwhile, the bike score is decent at 64.

What is the local real estate market like?

The neighbourhood of Vaughan Metropolitan Centre does not have a particularly active condo market. However, anyone looking to purchase here will be glad to know they're in buyer territory. Strata.ca data shows that, on average, buyers are paying about 2.5% under the asking price.

However, the opposite is true for the rental market. It is landlords who have the upper hand with tenants currently paying about 2% above the asking lease price.

Building Age

This master-planned condo community was completed in 2020, adding 1,700 much-needed units to the city of Vaughan. Concord built this complex; the same developers behind Toronto's famous CityPlace.

Transportation

The Transit City Condos live up to their name by providing incredible access to public transportation. Vaughan Metropolitan Bus Terminal is right outside the building. A subway station with the same namesake is just a 5-minute walk away for easy commuting to the downtown core. The total ride only takes about 50 minutes.

Motorists, however, have it made. The nearest on-ramp to Highway 400 is only 1 kilometre from the building. As well, there is easy access to the 407 and Highway 7. Even with a little traffic, drivers can make it downtown in roughly 30 to 40 minutes.

Summary

Units at 5 Buttermill Avenue are among the most expensive in the area with an average cost per-square-foot of $916. It is the third most expensive out of nine nearby condos. But this property makes up for it by offering world-class amenities, while keeping maintenance fees roughly on par with the neighbourhood average. And with convenient access to public transit, plus its close proximity to Highway 400 — it’s not hard to see why this condo is in high demand all year round.

Have your heart set on this area, but nothing on the market that interests you? Then be sure to consider 7895 Jane St, 2916 Highway 7 and 2900 Highway 7, which are all comparable.

10

Listings For Sale

Interested in receiving new listings for sale?

33

Listings For Rent

Interested in receiving new listings for rent?

Property Highlights

Amenties
Rooftop Deck
Gym Room
Sauna
Media Room
Games Room
Guest Suites
Visitor Parking
Concierge
Bike Storage
Indoor Parking
Party Room

Listing History for Transit City Condos

Stats, Trends & Rankings

Price: 
 | 

Transit City Condos vs The Vaughan Metropolitan Centre Area
Transit City Condos's Avg
$917 SQFT
Neighbourhood Avg
$805 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
1%
below
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

-7%
Decrease 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

68
Units were Sold over the past twelve months

Rented Units

274
Units were Rented over the past twelve months

Best Value Rank

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

Appreciation Rank

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 Bed503 - 699 SQFT
Average Cost Per Sqft$1,005
Sales Price Range$503,000 - $535,000
Rental Price Range$1,800 - $2,300
1 Bed + Den503 - 699 SQFT
Average Cost Per Sqft$1,021
Sales Price Range$530,000 - $530,000
Rental Price Range$1,800 - $2,350
2 Bed503 - 849 SQFT
Average Cost Per Sqft$952
Sales Price Range$557,000 - $845,000
Rental Price Range$2,000 - $2,900
2 Bed + Den607 - 949 SQFT
Average Cost Per Sqft$912
Sales Price Range$578,000 - $850,000
Rental Price Range$2,050 - $3,200
3 Bed900 - 1120 SQFT
Average Cost Per Sqft$869
Sales Price Range$765,000 - $985,000
Rental Price Range$2,800 - $3,600

How Often Are Units Listed?

1 Bed501 - 699 SQFT
Average Sales Availability
Every52Days
Average Rental Availability
Every9Days
Ratio of Unit Type in Building10%
1 Bed + Den503 - 699 SQFT
Average Sales Availability
Every63Days
Average Rental Availability
Every7Days
Ratio of Unit Type in Building11%
2 Bed503 - 849 SQFT
Average Sales Availability
Every10Days
Average Rental Availability
Every2Days
Ratio of Unit Type in Building44%
2 Bed + Den607 - 950 SQFT
Average Sales Availability
Every16Days
Average Rental Availability
Every4Days
Ratio of Unit Type in Building27%
3 Bed820 - 1120 SQFT
Average Sales Availability
Every70Days
Average Rental Availability
Every9Days
Ratio of Unit Type in Building10%
3 Bed + Den949 - 949 SQFT
Average Sales Availability
No Data
Average Rental Availability
No Data
Ratio of Unit Type in Building1%

Maintenance Fees

Transit City Condos vs The Vaughan Metropolitan Centre Area
Transit City Condos's Avg
monthly maintenance fee
$0.66 / SQFT
Neighbourhood Avg
monthly maintenance fee
$0.65 / SQFT

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