Icona Condos Vaughan
New pre-construction condo by The Gupta Group in Vaughan.
About Icona Condos
Project highlights
- Development
- Icona Condos
- Developer
- The Gupta Group
- Location
- Vaughan — 3201 Highway 7, Vaughan, ON L4K 5Z7 Storeys: 2 Towers – 44 & 48 Storeys
- Property type
- Condo
- Ownership
- Condominium / Freehold
- Sales status
- Selling Now
- Starting price
- $300,000s
- Occupancy
- TBD
Icona Condos is a new condo by The Gupta Group in Vaughan. Through PreconFactory you get VIP access 30–60 days before public launch — that means first pick of the best units, the lowest pricing, and full incentive negotiation on your behalf.
Starting at $300,000s, Icona Condos is a strong choice whether you're buying to live in or as an investment. You lock in today's developer pricing while the property appreciates during the 3–5 year build period — leveraged returns that resale buyers simply can't access.
Soaring above the vibrant mosaic of Vaughan Metropolitan Centre (VMC) and defining the skies north of Toronto comes the all new . It will be a flawlessly designed two tower testament to the future of iconic living. Connected to transit, highways, shopping, dining and world-class entertainment. This is an unparalleled living experience…this is ICONA.
Why Vaughan works
Icona Condos sits at 3201 Highway 7, Vaughan, ON L4K 5Z7 Storeys: 2 Towers – 44 & 48 Storeys. The GTA's fastest-growing city. Vaughan Metropolitan Centre is a brand-new downtown with direct Line 1 subway to Toronto, Canada's Wonderland nearby, and Cortellucci Vaughan Hospital—opened 2021.
Vaughan keeps growing — new transit lines, more jobs, and rising household incomes. That's why pre-construction here makes sense. You're buying into a city on the upswing, at today's prices.
Why Vaughan is growing
- Subway connectivity provides Toronto access
- New downtown core (VMC) driving development
- More affordable than Toronto with modern infrastructure
- Strong family appeal with excellent amenities
About Vaughan
Discover why Vaughan is an ideal location for pre-construction investment
About Vaughan: A Growing Community in the GTA
Vaughan is home to 323,000+, and fastest growing city in the gta. Vaughan Metropolitan Centre - new downtown core Additionally, direct subway connection to toronto (line 1). Located in Vaughan, Icona Condos offers residents a perfect blend of urban convenience and suburban comfort.
Canada's Wonderland and major entertainment New hospital (Cortellucci Vaughan) opened 2021
Transit & Connectivity
Vaughan is well-connected to the GTA through Line 1 extension to Vaughan Metropolitan Centre (opened 2017) subway lines. GO Train stations including Vaughan Metropolitan Centre, Maple GO, Rutherford GO provide 35-45 minutes to downtown toronto via subway. Major highways including Highway 400, Highway 407, Highway 7 ensure easy access throughout the region.
Lifestyle & Amenities
Residents of Vaughan enjoy access to excellent educational institutions including York University (nearby) and Top-rated York Region District School Board, healthcare facilities like Mackenzie Health (Vaughan location), and major shopping destinations such as Vaughan Mills and Promenade Mall. Popular parks include Kortright Centre and Boyd Conservation Area.
Investment Potential & Growth
Average condo prices: $600,000-$900,000. Annual appreciation: 7-10% Average rental yield: 4-5.5%. Growing demand from young professionals Future developments include Vaughan Metropolitan Centre expansion and Subway line 1 extension, which will further enhance the area's appeal. Major employment centers include Vaughan Metropolitan Centre and Highway 400 corridor, driving demand for housing.
Why Vaughan is Perfect for Pre-Construction Investment
Subway connectivity provides Toronto access New downtown core (VMC) driving development More affordable than Toronto with modern infrastructure Strong family appeal with excellent amenities Highest growth rate in the GTA Investing in pre-construction in Vaughan allows you to secure a property at today's prices while the area continues to develop and appreciate in value.
Excellent Transit
Well-connected to downtown Toronto and the GTA
Strong Growth
Consistent property value appreciation
Quality Living
Modern amenities and community infrastructure
Why pre-construction wins
Investment potential
Icona Condos is priced below comparable resale homes in Vaughan. You lock in today's developer pricing, and by the time it's built (3–5 years), the market has typically appreciated 15–25% — free equity before you even close.
Developer confidence
The Gupta Group has been building in the GTA for years — finishing on time and delivering quality homes that hold their value. That track record matters when you're committing this much capital.
View The Gupta Group profile & projectsProject data sheet
Project visuals
Icona Condos questions answered
What is the deposit structure for Icona Condos?
The exact deposit schedule for Icona Condos is set by The Gupta Group and confirmed in the Agreement of Purchase and Sale. GTA pre-construction projects typically require a total deposit of 15–20% paid in stages over 18–24 months, but the specific milestones vary by builder and project. Contact PreconFactory for Icona Condos's current deposit structure.
When is the occupancy date for Icona Condos?
Occupancy for Icona Condos has not been publicly confirmed by The Gupta Group yet. Pre-construction projects in Vaughan typically deliver within 3–5 years of launch, but the exact date will be set in the Agreement of Purchase and Sale. Contact PreconFactory for the latest timeline.
Are assignment sales allowed at Icona Condos?
Assignment policy is set project-by-project by The Gupta Group. Many GTA pre-construction projects permit assignments (sometimes for a fee, sometimes free as a VIP incentive), but this is confirmed in the purchase agreement. Ask PreconFactory before you sign so we can confirm the current terms for Icona Condos.
What are the closing costs for Icona Condos?
Plan for roughly 3–5% of the purchase price in closing costs, including Land Transfer Tax (Ontario and, in Toronto, municipal LTT — first-time buyer rebates may apply), legal fees ($1,500–$2,500), development levies, and Tarion warranty enrolment. The exact levy caps and adjustments vary per project — PreconFactory can walk you through the current numbers for Icona Condos.
Is Icona Condos a good investment?
Icona Condos by The Gupta Group is priced at $300,000s in Vaughan. Whether it's a fit depends on your budget, timeline, financing, and rental/hold plans — pre-construction returns are leveraged (you commit ~20% over two years) but not guaranteed. Contact PreconFactory for an ROI breakdown specific to your situation.
How do I buy Icona Condos?
Register with PreconFactory for VIP Platinum access to Icona Condos. You'll receive available floor plans, current developer incentives, mortgage broker introductions, and lawyer referrals. Our buyer service is free — the builder pays the buying agent's commission.
Who represents buyers at Icona Condos?
PreconFactory is a licensed Ontario real estate brokerage offering Platinum-access representation on Icona Condos and other GTA pre-construction projects. We negotiate on price, capped development levies, assignment rights, and upgrades on your behalf.
Helpful guides for buyers
First-Time Buyer Guide
Government incentives, deposit structures, and the step-by-step buying process.
Read guideMortgage Calculator
Estimate monthly payments, stress test qualification, and CMHC insurance.
Read guideLand Transfer Tax
Calculate closing costs including Ontario and Toronto LTT rebates.
Read guideInvestor's Handbook
ROI strategies, assignment sales, and cash-flow analysis for investors.
Read guideOther pre-construction in Vaughan
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