$1,250,000 - 35 Rainbow Drive, Vaughan
Detached for Sale in Vaughan
51 days on market- MLS Number
- N13052430
- Property Type
- Detached
- Status
- active
- Days on Site
- 51
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Vaughan
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Step into 35 Rainbow Drive, a beautifully updated home where modern comfort meets thoughtful design. Expanded with a second-storey addition 12 years ago, this home offers bright, airy living spaces with seamless flow, perfect for everyday living and entertaining. Rich hardwood floors and fresh professional paint create a warm, move-in-ready atmosphere throughout. The main floor offers a cozy, open-concept layout with a functional design, perfect for everyday living and entertaining, complemented by a separate walk-in pantry for added storage. The primary suite is a sun-filled retreat with an elegant tray ceiling, spa-inspired ensuite featuring floating vanities, and a spacious walk-in closet that blends style with function. Every detail has been carefully considered, including 7.5-inch baseboards, built-in surround sound, and fully owned, updated systems: furnace, tankless hot water, humidifier, water softener, and updated plumbing, and electrical, providing comfort and peace of mind. Step outside to a spacious backyard designed for entertaining and relaxation. Relax in the saltwater hot tub beneath a custom louvered pergola crafted from reclaimed barn wood, complete with a skylight that fills the space with natural light. Entertain on the low-maintenance PVC deck, gather around the cozy gas fire pit, or enjoy the built-in outdoor kitchenette with Napoleon gas BBQ, stainless steel fridge, and granite countertops. Located just steps from public transit and minutes from the Humber River Trail, Market Lane, schools, shopping, and highways, 35 Rainbow Drive blends lifestyle, convenience, and thoughtful upgrades. Lovingly maintained and move-in ready, this home offers the perfect setting for comfortable living and memorable gatherings.
Estimate your monthly payments for this property
Estimated Payment
$5,529.17/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.
35 Rainbow 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 30+ years of GTA real estate experience
Competitive Pricing
At $625/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 51 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.
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 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 $5,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.