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    7 Townsgate Condos

    7 Townsgate Drive

    5for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    17
    Number of Units:
    226
    Condo Completion:
    1991
    Condo Demand:
    Low
    Unit Size Range:
    1,099 - 1,600 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for 7 Townsgate Condos

    Amenities

    Indoor Pool
    Party Room
    Guest Suites
    Sauna
    Gym Room
    Tennis Court

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 7 Townsgate Drive7 Townsgate Condos

    Anyone who’s seeking a York Region condo for sale should consider 7 Townsgate Condos at 7 Townsgate Drive. Townsgate I Limited completed this building back in 1991, but unlike other buildings of that age, maintenance fees are on the higher end at $0.89 per-square-foot. The 17-storey building is home to 226 suites with units ranging between 1099 and 1600 square feet.

    This condo has a Walk Score of 79 and an average demand ranking, based on Strata.ca’s analytics. Maintenance fees at 7 Townsgate Drive are $0.89 per-square-foot, which is on the higher end compared to the average of about $0.67, however the maintenance fees do include all utilities (usually at least hydro is separate).

    The Suites

    Here are some stats that would interest renters or buyers at 7 Townsgate Drive: 9 units have been sold in the past 12 months, and 9 units have been rented over the same period.

    In terms of price per-square-foot, the average cost is $648 and units tend to sell for -5.13% below the list price. Units at 7 Townsgate Drive have a low probability of receiving more than one offer. On average, a suite will spend 33 days on the market.

    The Neighbourhood

    This is an excellent location for those who love to dine out, with great restaurants close by such as A&W Canada, Pho Viet Xpress and Gino's Pizza. If you enjoy grabbing coffee locally, then you’ll love the fact that you can walk less than 10 minutes to get to Starbucks, Second Cup and McDonald's.

    Grocery shopping is never a chore with stores such as Metro, FreshCo and H Mart in the area.

    7 Townsgate Condos is a great choice for residents who are money conscious — with banks like CIBC Branch with ATM and Scotiabank nearby.

    Everyone can benefit from sunshine and Vitamin D, so you’ll love to know that Emerald Lane Parkette, Lakehurst Park and Moore Park are less than 15 minutes walking distance from 7 Townsgate Drive.

    Those who love to shop will appreciate all the options nearby with Promenade Shopping Centre, Yorkville North and Centerpoint Mall just 5 minutes from here.

    When the weekend rolls around, Orlov Art Gallery, Philip Winestone Photographs and Michel Socha Art Studio are within a short 2-minute drive away.

    There are plenty of nearby school choices — Pleasant Public School and Rockford Public School — with more in neighbouring areas so you can find the best school for your child’s needs. Families with older children will be happy to know that UCMAS Abacus & Mental Math School, North West Year Round Alternative Centre and Newtonbrook Secondary School can be reached by car in under 3 minutes.

    Transportation

    Transit riders can catch the Steeles Ave West At Bathurst St East Side within minutes. Finch Station isn’t within a close walking distance, but you can drive there in about 7 minutes.

    If you’re interested in checking out other similar condos within walking distance, you might like 120 Promenade Circ, 603 Clark Avenue W and 11 Townsgate Drive.

    5

    Listings For Sale

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    Listings For Rent

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    Nearby Amenities

    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    6/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Demographics

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

    Population
    48,278
    Average Individual Income
    $77,889
    Average Household Size
    3 persons
    Average Age
    41
    Average Household Income
    $134,042
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    65%
    Semi Detached
    15%
    High Rise Apartment
    7%
    Duplex
    6%
    Low Rise Apartment
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    79%
    Other
    9%
    Mandarin
    5%
    Cantonese
    5%
    Russian
    1%
    Tamil
    1%
    Education
    University and Above
    30%
    High School
    28%
    College
    19%
    None
    14%
    Apprenticeship
    4%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    19%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Humanities
    5%
    Math & Computer Sciences
    5%
    Education
    5%
    Personal, Protective & Transportation Services
    4%
    Physical Sciences
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Days on Strata

    Units at 7 Townsgate Condos spend an average of
    36
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    11.8
    YEARS before being sold again

    Property Value

    8%
    Increase in property value within the past twelve months

    Price Ranking

    22nd
    Highest price per SQFT out of 43 condos in the Thornhill - Vaughan area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    8
    Units were Rented over the past twelve months

    Best Value Rank

    7 Townsgate Condos offers the
    ?
    best value out of 43 condos in the Thornhill - Vaughan neighbourhood

    Appreciation Rank

    7 Townsgate Condos has the
    ?
    highest ROI out of 43 condos in the Thornhill - Vaughan neighbourhood

    Rental Yield

    7 Townsgate Condos yields the
    ?
    highest rent prices out of 43 condos in the Thornhill - Vaughan neighbourhood

    High Demand

    7 Townsgate Condos is the
    ?
    most popular building out of 43 condos in the Thornhill - Vaughan neighbourhood

    Transaction Insights at 7 Townsgate Drive

    2 Bed2 Bed + Den3 Bed + Den
    Price Range$735,000 - $975,000$876,000 - $950,000No Data
    Avg. Cost Per Sqft$661$675No Data
    Avg. Wait for Unit Availability41 Days78 Days220 Days
    Ratio of Units in Building65%36%1%

    Maintenance Fees

    7 Townsgate Condos vs The Thornhill - Vaughan Area

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