$1,799,900 - 166 Townsgate Drive, Vaughan
New Construction for Sale in Vaughan
65 days on market- MLS Number
- N12713266
- Property Type
- New Construction
- Status
- active
- Days on Site
- 65
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Vaughan
- Listing Brokerage
- RE/MAX EXCEL REALTY LTD.
Contemporary Luxury Custom Executive Home Nestled in the Highly Sought-After Thornhill Area. This Exquisitely Designed Residence Showcases a Sophisticated Blend of Modern Elegance and Functionality, Offering Over 4,500 Sq. Ft. of Luxury Living Space.Featuring a Long Driveway With No Walkway, Providing Added Convenience and Maximizing Parking Space. This Home Is Loaded With Upgrades, Including Hardwood Floors Throughout, a Modern Fireplace With Built-Ins and Custom Surround, and Luxury Custom-Built Features.The Gourmet Kitchen Boasts Granite Countertops, a Gas Stove, and Stainless Steel Appliances, Alongside Wrought-Iron Railings, Crown Mouldings, Halogen Pot Lights, a Stone and Brick Facade, 9' Smooth Ceilings, and Limestone Finishes.The Professionally Finished Basement With a Separate Entrance Includes a Newly Completed Space Featuring 2 Bedrooms, a 3-Piece Ensuite, a Kitchen, and a Laundry Room. Enhanced With Extra Insulation Underground and Around the Drywalls, This Space Ensures Added Comfort and Energy Efficiency.Step Outside to the Beautifully Landscaped Backyard, Complete With a Huge Deck, Perfect for Additional Living and Entertaining Space.Ideally Located Just Minutes From Schools, Parks, Shopping Centers, and Dining Options. Enjoy Easy Access to Major Highways and Public Transit, Making This Home Perfect for Families and Commuters Alike.Truly an Exceptional Opportunity to Experience a Lifestyle of Luxury and Convenience in This Highly Desirable Neighbourhood!
Estimate your monthly payments for this property
Estimated Payment
$7,961.56/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.
166 Townsgate 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 25+ years of GTA real estate experience
Competitive Pricing
At $600/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.
Negotiation Opportunity
At 65 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.
Larger Home Realities
At 3,000 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 5 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.
Investment Perspective
Looking at this as an investment: Vaughan properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.