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            AIDA

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            Disclaimer

            AIDA (Artificial Intelligence Digital Assistant) is currently in BETA version, and is available at no charge for a limited time.

            Some features are limited, with full access granted only to our clients and real estate agents representing ITRealty.

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            AIDA's CMA is taking into account real estate market fluctuations for given type properties in the city and neighborhood, so sometimes CMA may significately vary from the prices properties are listed at.

            Please check below on the page for what AIDA is not including into the CMA.

            Comparative Market Analysis for MLS# N5110575

            Price -$25
            $2,250
            2br 2ba 800-899sf

            Water

            Y

            Heating

            Y

            Hydro

            N

            Parking

            Y

            Laundry

            Ensuite

            WalkScore

            12

            TransitScore

            70

            Compare$1,938

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            Property Details Provided By
            Property Details Provided By Toronto Real Estate Board
            Listed By

            ROYAL LEPAGE YOUR COMMUNITY REALTY, BROKERAGE

            Learn more about this property:
            MLS# N5110575 Listing Details
            Among all comparable properties rented in condo located at 2916 Highway 7 West in Vaughan Corporate Centre in Vaughan from Jan 2018 to Feb 2021, after adjusting rental rates accordin to market conditions at the time of sale, AIDA has calculated that:
            Minimum Rent Adjusted was:

            $1,964

            Maximum Rent Adjusted was:

            $1,972

            AIDA's ESTIMATE (based on 2 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:

            $XXX,XXX

            Which makes the Asking Price ($2,250) more than AIDA's Appraised Value by:

            $XX,XXX

            Or, in percentage equivalent, by:

            XX%

            Notes
            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.

            Comparables

            AIDA found 2 comparable properties rented out in condo located at 2916 Highway 7 West in Vaughan Corporate Centre in Vaughan from Jan 2018 to Feb 2021

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressExpSQFTBed • BathGar SpacesSold PriceTime Adj %Time Adj Price
            2018-01-03***19042910 Highway 7 Ave WSw800-8992+0 • 21.0$2,150-8.63%***
            2018-05-30***8032910 Highway 7 RdSw800-8992+0 • 21.0$2,150-8.3%***

            Vaughan Corporate Centre, Vaughan Sales History More

            Concord, Vaughan: Overall Sales Statistics for Condos
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Sales Statistics
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Rent Statistics
            Concord, Vaughan: Detailed Sales & Rent Statistics for Condos
            Listing Overview

            General:

            1703 2916 Highway 7 West is a condo apt apartment, located in Vaughan Corporate Centre of city of Vaughan, York region, near Hwy 7 West/Jane, and has been available for lease on ITRealty since 2021-02-10. This unit is located at level 17 of the building and has South-West exposure of Highway 7 W . Condo registry office is YRSC, corporation number 1345.

            Lot Size and Living Area:

            1703 2916 Highway 7 West has 5+0 rooms in total, including 2+0 bedroms, 2 baths and 1 kitchen. Please find this condo rooms details on this page above.
            Living area of this condo unit is within the range of 800-899 square feet. 2916 Highway 7 West building is appriximately New years old.
            1.0 parking space(s) are owned and located undergrnd at level P2 . The locker is owned. ensuite laundry is located on main level.

            Heating and Cooling:

            The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

            Listing Features:

            This condo is featuring Clear View, Hospital, Park, Place Of Worship, Public Transit, Rec Centre at, or near the property.
            AIDA has also found the following features: Motivated Seller Indications, Retirement Property Type, Price Change, and possible sellers motivation indicators such as Reduced Asking Price, Listing Ad says Motivated Seller.

            Price & Cost Overview

            General:

            1703 2916 Highway 7 West condo apt is listed for $2,250.

            Comparative Market Analysis:

            There are similar 2+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $1,938.
            Visit a customized Comparative Market Analysis page for more details.

            Location Overview

            General:

            Vaughan Corporate Centre, where 2916 Highway 7 West is located, has $707,950 Home Price Index, and $2,050 Home Rent Index. Average household income at dissemination area of 2916 Highway 7 West is $90,197, and average polulation age is 39 years old.
            Average Home Price Index among 17 evaluated neighborhoods in city of Vaughan is $1,102,757, and average Home Rent Index $2,474.

            Similar Properties & Community Details:

            There are similar to 1703 2916 Highway 7 West 2 bedr condo apt condos listed For Sale and For Rent in city of Vaughan.
            Learn about the prices of Recently Sold Condos and Recently Rented Condos near 2916 Highway 7 West.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Vaughan Corporate Centre neighborhood in city of Vaughan.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 12, 70, and 52 accordingly, location of 2916 Highway 7 West overall can be described as Car-Dependent, Excellent Transit, and Bikeable.

            1703 2916 Highway 7 West Listings History Powered By AIDA
            Concord, Vaughan Sales & Rent History Powered by AIDA
            Disclaimer

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            City of Vaughan Condos MOI (Months of Inventory)
            Last month sales statistics:
            It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (35 days).
            Sellers are not likely to negotiate the price, but it is easier to sell your own property.
            Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
            How often similar homes get rented?
            You may expect 35 to 43 properties like that to be sold in Vaughan Corporate Centre during the next 30 days.
            Seasonal sales fluctuation is showing -28% inventory decline comparing to the average annual number, which is equvalent to 54.33 properties sold per month, and -37% decline comparing to the last six months.
            How soon can it be sold?
            This property has been on the market for 18 days, which is 11 days less than the recent sales average, and can be sold at any time if the price is right, or negotiable by the seller.
            Seasonal sales fluctuation is showing 37% D.O.M. increase comparing to the average annual number, which is equvalent to 21 D.O.M., and 20% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
            At what price can it be sold?
            Similar properties currently sell at 1.77% below its asking price in Vaughan Corporate Centre.
            The selling to asking price ratio is declining in Vaughan Corporate Centre.
            This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS N5110575 Comparative Market Analysis

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