179 Lio Avenue, Vaughan

Price: $1,498,800

5 bedrooms, 4 bathrooms

3,000 - 3,499 sqft

Property Type: Detached

MLS#: N12951520

Tucked on a quiet, family-friendly street in Vaughan, 179 Lio Ave delivers over 3,100 sq ft of thoughtfully upgraded living - plus a fully finished basement with a separate entrance ready for extended family or rental income. The main floor showcases an upgraded kitchen with crown moulding, GE Cafe gas range, premium hooded fan, and a full-size GE cafe refrigerator with water and ice. Plaster crown moulding and trim dress the family and dining rooms. Five bedrooms, four upgraded bathrooms, California shutters on the main floor, wooden blinds throughout the upper - every detail considered. New furnace, AC, and water tank already replaced. Outside: stone stairs, custom cast iron railings, jewel stone porch, new fence, extended interlocking driveway, professionally landscaped yard, half-moon patio, and an aluminum gazebo. The 2-car garage features a custom overhead mezzanine and new insulated door with cast iron window inserts.Gas line roughed in for the backyard BBQ. Minutes to Hwy 400, top schools, and every amenity you need.Move-in ready for every stage of family life.

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New Listing
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$1,498,800 - 179 Lio Avenue, Vaughan

Detached for Sale in Vaughan

New — Listed 3 days ago
5Beds
4Baths
3,000 - 3,499Sq Ft
Detached
Property Details
MLS Number
N12951520
Property Type
Detached
Status
active
Days on Site
3
Bedrooms
5
Bathrooms
4
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Vaughan
Listing Brokerage
RE/MAX PREMIER THE OP TEAM
Description

Tucked on a quiet, family-friendly street in Vaughan, 179 Lio Ave delivers over 3,100 sq ft of thoughtfully upgraded living - plus a fully finished basement with a separate entrance ready for extended family or rental income. The main floor showcases an upgraded kitchen with crown moulding, GE Cafe gas range, premium hooded fan, and a full-size GE cafe refrigerator with water and ice. Plaster crown moulding and trim dress the family and dining rooms. Five bedrooms, four upgraded bathrooms, California shutters on the main floor, wooden blinds throughout the upper - every detail considered. New furnace, AC, and water tank already replaced. Outside: stone stairs, custom cast iron railings, jewel stone porch, new fence, extended interlocking driveway, professionally landscaped yard, half-moon patio, and an aluminum gazebo. The 2-car garage features a custom overhead mezzanine and new insulated door with cast iron window inserts.Gas line roughed in for the backyard BBQ. Minutes to Hwy 400, top schools, and every amenity you need.Move-in ready for every stage of family life.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,629.70/mo

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5-yr fixed avg.

Principal: $1,199,040Interest: $789,869
Mortgage Amount$1,199,040
Total Interest$789,869
Est. Property Tax$1,062/mo
Total Cost$1,988,909

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.

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Neighbourhood Guide: Vaughan

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

179 Lio Avenue, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,200/mo
Range: $3,570 - $4,830
Cap Rate (ROI)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$4,200
Maintenance Fees-$0
Property Tax (est.)-$1,062
Insurance (est.)-$312
Net Cash Flow+$2,826

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $500/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Vaughan's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 3,000 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 5 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 4 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.

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