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    81 Townsgate Drive

    Park Terrace Condos
    1for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    11
    Number of Units:
    125
    Condo Completion:
    1994
    Condo Demand:
    Medium
    Unit Size Range:
    497 - 1,112 SQFT
    Unit Availability:
    Low

    Listing History for Park Terrace Condos

    Receive listing updates for Thornhill - Vaughan

    Amenities

    Gym Room
    Sauna
    Tennis Court
    Squash Court
    Party Room
    Rec Room

    Maintenance Fees

    Included
    Hydro
    Heat
    Water
    Excluded
    Air Conditioning

    About 81 Townsgate DrivePark Terrace Condos

    Park Terrace Condos stands 11 storeys tall at 81 Townsgate Drive and contains 125 units. This Vaughan condo was completed in 1994 by Menkes. Suite sizes range from 497 square feet to 1112 square feet.

    This condo has an average demand ranking per Strata.ca analytics and a Walk Score of 76.

    The Suites

    We’ve aggregated a number of stats at 81 Townsgate Drive. Here are some highlights: In the past 12 months, 4 units have sold, and 1 has been rented. Meanwhile, property values here have increased by 7.39%.

    Units at Park Terrace Condos have a low likelihood of receiving more than one offer, and on average they sell for -5.01% below the listed price. Suites here have an average cost per-square-foot of $731 based on sales over the past 12 months, and the median time a unit spends on the market is 25 days.

    The Neighbourhood

    Living here means you’re just a 6-minute walk from Pho Viet Xpress, A&W Canada and Subway, making it easy to dazzle your taste buds without much effort. If you enjoy grabbing coffee locally, then you’ll love the fact that you can walk less than 11 minutes to get to Starbucks, Chai Paratha Toronto and Second Cup.

    Grocery pick-ups are made easy thanks to Metro, FreshCo and H Mart within a 16-minute walk.

    Residents here can stop by CIBC Branch with ATM and Scotiabank on their way home from work, so they can take care of their financial needs.

    Whether you're looking to play, exercise or gather with friends — nearby parks like Emerald Lane Parkette, Lakehurst Park and Moore Park are the perfect spot for all kinds of activities.

    Those who love to shop will appreciate all the options nearby with Yorkville North, Promenade Shopping Centre and Centerpoint Mall just 4 minutes from here.

    Art and culture seekers can enjoy amazing attractions nearby like Philip Winestone Photographs, Orlov Art Gallery and Michel Socha Art Studio, less than 17 minutes walking distance from here.

    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. If you're open to commuting, a quick transit ride offers even more options, including UCMAS Abacus & Mental Math School, North West Year Round Alternative Centre and Newtonbrook Secondary School.

    Transportation

    Transit riders can catch the Steeles Av / Village Gate within minutes. Finch Station is about a 7-minute drive from the building.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 91 Townsgate Drive, 11 Townsgate Drive and 1 Emerald Lane.

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    Explore Thornhill - Vaughan

    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!'

    Similar condos

    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
    0 - 14
    17%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    20%
    50 - 64
    23%
    65+
    16%
    Household Income
    $0 - $30,000
    44%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    9%
    $125,000+
    7%
    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%

    Maintenance Fees

    Park Terrace Condos vs The Thornhill - Vaughan Area

    Days on Strata

    Units at Park Terrace Condos spend an average of
    25
    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
    compared to other buildings in Thornhill - Vaughan

    Turnover of Units

    On average, each unit is owned for
    6
    YEARS before being sold again

    Property Value

    7%
    Increase in property value within the past twelve months

    Price Ranking

    12th
    Highest price per SQFT out of 45 condos in the Thornhill - Vaughan area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value Rank

    Park Terrace Condos offers the
    ?
    best value out of 45 condos in the Thornhill - Vaughan neighbourhood

    Appreciation Rank

    Park Terrace Condos has the
    ?
    highest ROI out of 45 condos in the Thornhill - Vaughan neighbourhood

    Rental Yield

    Park Terrace Condos yields the
    ?
    highest rent prices out of 45 condos in the Thornhill - Vaughan neighbourhood

    High Demand

    Park Terrace Condos is the
    ?
    most popular building out of 45 condos in the Thornhill - Vaughan neighbourhood

    Transaction Insights at 81 Townsgate Drive

    1 Bed2 Bed
    Price Range$500,000$602,000 - $700,000
    Avg. Cost Per Sqft$1,036$645
    Avg. Wait for Unit Availability1000 Days60 Days
    Ratio of Units in Building3%98%

    Unit Sales vs Inventory

    Total number of units listed and sold in Thornhill - Vaughan