$2,288,000 - 118 Torran Road, Vaughan
Detached for Sale in Vaughan
- MLS Number
- N12891398
- Property Type
- Detached
- Status
- delisted
- Days on Site
- 18
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Vaughan
- Listing Brokerage
- SALERNO REALTY INC.
Situated On One Of The Largest Lots In Islington Woods, This Property Sits On An Impressive .469 Acre 74.80 Ft X 272.51 Ft Lot, Offering Rare Depth And Privacy. This 4+3 Bedroom, 6 Bathroom Home Features A 3 Car Garage With Circular Driveway And Offers 4,048 Sq. Ft. Above Grade Plus A Fully Finished 2,363 Sq. Ft. Walkout Basement This Home Showcases A Spacious & Great Layout. The Main Floor Features Formal Living & Dining Rooms, A Kitchen With Top Of The Line Stainless Steel Built-In Appliances Combined With A Bright & Spacious Breakfast Area With Large Windows Overlooking The Backyard And A Walkout To The Balcony. The Main Floor Also Includes A Family Room, Office & Main Floor Laundry. The Primary Bedroom Features Hardwood Flooring, A 5 Piece Ensuite & Double Closet. Additional Bedrooms Are Bright & Spacious With Hardwood Flooring, Closets & Large Windows. The Fully Finished Walkout Basement Includes A Second Full Kitchen & Laundry Room, Large Open Concept Living & Dining Area With Walkout, Plus Three Additional Bedrooms With Wainscoting, Large Windows & Pot Lights. The Expansive Backyard Offers Plenty Of Green Space, Ideal To Create Your Own Private Outdoor Oasis.
Estimate your monthly payments for this property
Estimated Payment
$10,120.60/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 Torran Road, 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 25+ years of GTA real estate experience
Competitive Pricing
At $654/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 3,500 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 7 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.