$6,998,000 - 118 Cowan Drive, Vaughan
Detached for Sale in Vaughan
56 days on market- MLS Number
- N12990568
- Property Type
- Detached
- Status
- active
- Days on Site
- 56
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Vaughan
- Listing Brokerage
- RE/MAX PREMIER THE OP TEAM
Welcome to an exceptional opportunity in the prestigious National Estates-a truly remarkable custom-built residence offering approximately 6,500 sq. ft. of refined living space on a breathtaking 1-acre landscaped lot. This impressive home features 5+1 bedrooms and 6 bathrooms, highlighted by a stunning grand entrance with an elegant open riser spiral staircase extending from the basement to the second level. Designed for both luxury and comfort, the home boasts expansive open-concept living spaces, a chef-inspired kitchen, and a lavish primary retreat complete with a private sitting room with fireplace and a spa-like 6-piece ensuite, while multiple terraces provide serene, unobstructed views overlooking the renowned The National Golf Club of Canada, and the property uniquely backs onto the 12th Green and 13th Fairway, creating an unparalleled resort-style setting; the fully finished basement is ideal for entertaining, featuring a bar and a second kitchen with stainless steel appliances, and additional highlights include two furnaces, two hot water tanks, multiple fireplaces, a jacuzzi tub, sauna, built-in appliances, numerous pot lights, and all existing light fixtures and window coverings, making this a rare offering that combines luxury, space, and an unbeatable golf course location.
Estimate your monthly payments for this property
Estimated Payment
$30,954.51/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Vaughan
Vaughan is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Vaughan
- •Convenient location in Vaughan
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Vaughan offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
118 Cowan Drive, Vaughan
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1400/sqft, this property is priced above the Vaughan average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 56 days on site, this property has exceeded the typical selling timeline for Vaughan. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Vaughan are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Vaughan.
Bathroom Count Matters
With 6 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.