242 Tansley Road, Vaughan

Price: $1,280,000

4 bedrooms, 4 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: N12948126

Amazing bright 3+1 bedroom, 4-Bath home with separate entrance, Beautifully finished Basement Apartment. Superb location near Promenade shopping mall, transit, groceries and schools. Practical layout with generous sized rooms and great natural light. Spacious primary bedroom with 3-piece ensuite. Renovated Eat-in Kitchen with Quartz countertops and Stainless steel appliances. Modern flooring and LED lighting throughout. Separate-entrance basement suite has its own heating/AC controls, full kitchen with granite counters and SS appliances, full bath, bedroom, living/dining area and private laundry room. Major peace-of-mind upgrades: New Driveway & Yard gate (2024); New Furnace, A/C & Heat pump (2022); New Side Walkway with full excavation and drainage tied to weeping tile (2024); New Eavestroughs with Leafguard (2024); Upgraded attic, exterior and between-floor insulation (2022); 200-amp electrical service (2022), and many more! A solid, well-cared-for home with big-ticket items already done! Please see list of upgrades attached to listing.

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New Listing
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$1,280,000 - 242 Tansley Road, Vaughan

Detached for Sale in Vaughan

New — Listed 4 days ago
4Beds
4Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
N12948126
Property Type
Detached
Status
active
Days on Site
4
Bedrooms
4
Bathrooms
4
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Vaughan
Listing Brokerage
SUTTON GROUP-ADMIRAL REALTY INC.
Description

Amazing bright 3+1 bedroom, 4-Bath home with separate entrance, Beautifully finished Basement Apartment. Superb location near Promenade shopping mall, transit, groceries and schools. Practical layout with generous sized rooms and great natural light. Spacious primary bedroom with 3-piece ensuite. Renovated Eat-in Kitchen with Quartz countertops and Stainless steel appliances. Modern flooring and LED lighting throughout. Separate-entrance basement suite has its own heating/AC controls, full kitchen with granite counters and SS appliances, full bath, bedroom, living/dining area and private laundry room. Major peace-of-mind upgrades: New Driveway & Yard gate (2024); New Furnace, A/C & Heat pump (2022); New Side Walkway with full excavation and drainage tied to weeping tile (2024); New Eavestroughs with Leafguard (2024); Upgraded attic, exterior and between-floor insulation (2022); 200-amp electrical service (2022), and many more! A solid, well-cared-for home with big-ticket items already done! Please see list of upgrades attached to listing.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,661.87/mo

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5-yr fixed avg.

Principal: $1,024,000Interest: $674,562
Mortgage Amount$1,024,000
Total Interest$674,562
Est. Property Tax$907/mo
Total Cost$1,698,562

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 Tansley Road, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
1.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$907
Insurance (est.)-$267
Net Cash Flow+$2,026

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

Premium Pricing

At $1164/sqft, this property is priced above the Vaughan average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Vaughan. Good resale value as demand remains consistent.

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 $5,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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