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    7405 Goreway Drive

    Malton Mansions Condos
    3for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    7
    Number of Units:
    129
    Condo Completion:
    2009
    Condo Demand:
    Medium
    Unit Size Range:
    703 - 1,196 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Malton Mansions Condos

    Receive listing updates for Malton

    Amenities

    Media Room
    Lap Pool
    Guest Suites
    Car Wash
    Visitor Parking
    Party Room

    Maintenance Fees

    Included
    Heat
    Water
    Excluded
    Hydro
    Air Conditioning

    About 7405 Goreway DriveMalton Mansions Condos

    Located at 7405 Goreway Drive, Malton Mansions Condos is a 7-storey condo containing 129 units. These Mississauga condos for sale were completed in 2009 with units starting at 703 square feet, ranging up to 1196 square feet. What makes a Malton condo for sale most appealing is all that the neighbourhood has to offer.

    This condo has an average demand ranking per Strata.ca analytics and a Walk Score of 71. Maintenance fees at 7405 Goreway Drive are only $0.52, which is quite a bit lower than the city average of about $0.67 per-square-foot.

    The Suites

    The average cost per-square-foot for a unit at 7405 Goreway Drive is $550 based on the past 12 months of sales, making this one of the most expensive buildings in the area. These suites have a low probability of receiving multiple offers.

    Units at Malton Mansions Condos spend 25 days on the market on average and usually sell for -4.26% below the listing price. In the last 12 months, 3 units have rented, and 6 have sold.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Popeyes Louisiana Kitchen, Naija Jollof Toronto and Dosa Twist are all within 9 minutes walking distance from 7405 Goreway Drive. Need caffeine to open your eyes in the morning? No worries, Bite Me Slowly!, Coffee Cave and McDonald's have you covered...

    Residents here can stop by Scotiabank and RBC Royal Bank on their way home from work, so they can take care of their financial needs.

    There are plenty of parks nearby to keep your family busy, including Brandon Gate Park, Malton Community Garden and Elmcreek Park, which are less than 7 minutes away by foot.

    When the weekend rolls around, The Sikh Heritage Museum of Canada are within a short 4-minute drive away.

    There are plenty of nearby school choices — Humberwood Downs Junior Middle Academy — 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 Lincoln M. Alexander Secondary School, Globalmathinstitute Inc and UCMAS Abacus & Mental Math School.

    Transportation

    Transit users will need to trek a bit to Westwood Mall Terminal, the nearest light transit stop. Vaughan Metropolitan Centre isn’t within a close walking distance, but you can drive there in about 34 minutes.

    If you’re interested in checking out other similar condos within walking distance, you might like 3455 Morning Star Drive, 7500 Goreway Drive and 3435 Jolliffe Avenue.

    3

    Listings For Sale

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    1

    Listings For Rent

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    Explore Neighbourhood

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    7/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar condos

    Demographics

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

    Population
    22,464
    Average Individual Income
    $62,820
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $117,236
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    17%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    21%
    65+
    17%
    Household Income
    $0 - $30,000
    46%
    $30,000+
    27%
    $60,000+
    15%
    $90,000+
    7%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    50%
    Semi Detached
    26%
    High Rise Apartment
    9%
    Low Rise Apartment
    7%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    74%
    Other
    15%
    Mandarin
    3%
    Tagalog
    2%
    Cantonese
    2%
    Urdu
    2%
    Spanish
    1%
    Hindi
    1%
    Education
    High School
    29%
    University and Above
    27%
    College
    19%
    None
    17%
    Apprenticeship
    4%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    24%
    Architecture & Engineering
    21%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    6%
    Humanities
    5%
    Personal, Protective & Transportation Services
    4%
    Physical Sciences
    4%
    Education
    4%
    Visual & Performing Arts
    3%

    Maintenance Fees

    Malton Mansions Condos vs The Malton Area

    Days on Strata

    Units at Malton Mansions Condos spend an average of
    25
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Malton

    Turnover of Units

    On average, each unit is owned for
    4.9
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 25 condos in the Malton area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    Malton Mansions Condos offers the
    ?
    best value out of 25 condos in the Malton neighbourhood

    Appreciation Rank

    Malton Mansions Condos has the
    ?
    highest ROI out of 25 condos in the Malton neighbourhood

    Rental Yield

    Malton Mansions Condos yields the
    ?
    highest rent prices out of 25 condos in the Malton neighbourhood

    High Demand

    Malton Mansions Condos is the
    ?
    most popular building out of 25 condos in the Malton neighbourhood

    Transaction Insights at 7405 Goreway Drive

    1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$499,000 - $512,000$515,000 - $542,000$539,500
    Avg. Cost Per SqftNo Data$722$618$594
    Avg. Wait for Unit AvailabilityNo Data49 Days58 Days123 Days
    Ratio of Units in Building1%35%45%20%

    Unit Sales vs Inventory

    Total number of units listed and sold in Malton