242 Cranbrook Crescent, Vaughan

Price: $1,279,000

3 bedrooms, 3 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: N13427938

Welcome to 242 Cranbrook Crescent - the perfect next step for your growing family. This freehold detached home in Kleinburg offers the space and privacy you've been looking for, with approximately 1,900 sq ft of bright, open-concept living space. The main floor features beautiful hardwood floors, wainscoting details, and a kitchen with granite countertops, a center island, and stainless steel appliances. This space flows into a cozy living room with a fireplace and custom built-ins. Upstairs, there are three generously sized bedrooms, including a primary suite with a walk-in closet. Step outside to find your private fenced backyard with a deck and stone patio - perfect for relaxing or entertaining family and friends. The home is move-in ready, with an unfinished basement waiting for your final touch. It includes an attached garage plus a private driveway for 2 cars. It is located steps from top-rated schools, parks, and the charm of Kleinburg village.

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New Listing
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$1,279,000 - 242 Cranbrook Crescent, Vaughan

Detached for Sale in Vaughan

New — Listed yesterday
3Beds
3Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
N13427938
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
3
Bathrooms
3
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Vaughan
Listing Brokerage
YOUR ADVOCATES REALTY INC.
Description

Welcome to 242 Cranbrook Crescent - the perfect next step for your growing family. This freehold detached home in Kleinburg offers the space and privacy you've been looking for, with approximately 1,900 sq ft of bright, open-concept living space. The main floor features beautiful hardwood floors, wainscoting details, and a kitchen with granite countertops, a center island, and stainless steel appliances. This space flows into a cozy living room with a fireplace and custom built-ins. Upstairs, there are three generously sized bedrooms, including a primary suite with a walk-in closet. Step outside to find your private fenced backyard with a deck and stone patio - perfect for relaxing or entertaining family and friends. The home is move-in ready, with an unfinished basement waiting for your final touch. It includes an attached garage plus a private driveway for 2 cars. It is located steps from top-rated schools, parks, and the charm of Kleinburg village.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,657.45/mo

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5-yr fixed avg.

Principal: $1,023,200Interest: $674,035
Mortgage Amount$1,023,200
Total Interest$674,035
Est. Property Tax$906/mo
Total Cost$1,697,235

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

242 Cranbrook Crescent, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
1.5%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$906
Insurance (est.)-$266
Net Cash Flow+$1,628

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $853/sqft, this property is priced in line with current Vaughan market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

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.

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 3 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 $5,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    242 Cranbrook Crescent, Vaughan | $1,279,000 | Battaglia Team