$798,000 - 181 Parktree Drive Unit 16, Vaughan
New Construction for Sale in Vaughan
- MLS Number
- N12857926
- Property Type
- New Construction
- Status
- active
- Days on Site
- 29
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Vaughan
- Listing Brokerage
- RE/MAX EXCEL REALTY LTD.
Rare Opportunity in the heart of prestigious Maple. This freehold Corner townhome by Genesis Homes offers an exceptional opportunity for investors, renovators, or buyers looking to customize a property in a highly desirable location. Offering approximately 2,200 sq. ft. of living space, the home features a smart and functional layout with 3 spacious bedrooms plus a versatile den that can easily serve as a home office, nursery, or media room. The main level includes 9 ft ceilings and a modern open concept kitchen. The basement offers additional living space with a walkout separate entrance can access to the garage stairwell and garbage disposal area, providing added flexibility and potential. Enjoy outdoor living on the impressive 200 sq. ft. rooftop terrace complete with an upgraded direct gas line for BBQs, perfect for relaxing while taking in sunset views and seasonal fireworks from nearby Canada's Wonderland. Multiple levels of the home enjoy unobstructed ravine views, creating a rare sense of privacy and natural scenery. This property also includes the convenience of underground parking with elevator access. Ideally located just steps to Canada's Wonderland, Vaughan Mills, Maple High School, and a variety of restaurants, with easy access to Rutherford GO Station, Hwy 400, 407, and Highway 7. Surrounded by excellent schools, transit, shopping, and everyday amenities, the location offers outstanding lifestyle convenience. Being sold in as-is, where-is condition under Power of Sale. This property presents tremendous potential for those looking to renovate, invest, or create their own vision in one of Vaughan's most sought-after communities. Buyer to complete their own due diligence. Don't Miss out!
Estimate your monthly payments for this property
Estimated Payment
$4,094.15/mo
Includes CMHC insurance ($22,264)
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.
181 Parktree Drive Unit 16, 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 $532/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 29 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
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 $3,325 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.