$988,000 - 56 Michelle Drive, Vaughan
Townhouse for Sale in Vaughan
- MLS Number
- N13175060
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 20
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Vaughan
- Lot Size
- 2,422 sqft
- Listing Brokerage
- CAPITAL NORTH REALTY CORPORATION
Located in the heart of sought-after East Woodbridge, this beautifully maintained 3-bedroom, 4-bathroom freehold end-unit townhome offers nearly 1,750 sq.ft. of above grade living space - one of the largest townhome models on the street. Situated on an oversized nearly 25' frontage lot with no sidewalk, enjoy parking for up to 3 vehicles on the driveway alone. Tucked away on a quiet family-friendly street, yet just moments from shopping, parks, schools, transit, restaurants, and major highways, this location perfectly balances convenience and privacy. The south-facing rear exposure fills the home with natural light, enhancing the spacious open concept layout featuring hardwood floors, pot lights throughout, and an inviting living and dining area. The eat-in kitchen boasts upgraded quartz countertops, upgraded sink, stainless steel appliances and ample space for family gatherings. Upstairs offers 3 generous bedrooms and a full 3-piece main bath, while the large sun-filled primary retreat features a walk-in closet and private 3-piece ensuite. The finished basement with upgraded hardwood flooring provides versatile space for a rec room, home office, or gym, complete with a rare additional 3-piece bathroom and oversized laundry/storage area. Step outside to a beautifully interlocked backyard oasis featuring a 2-person sauna and an electrically powered shed ideal for a workshop, studio, or extra storage. A rare opportunity to own a spacious end-unit in one of Vaughan's most desirable family communities. Minutes to TTC, Highways 400, 401, 407 and tons of shopping like Fortino's, Best Buy, LCBO & more!
Estimate your monthly payments for this property
Estimated Payment
$5,068.95/mo
Includes CMHC insurance ($27,565)
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.
56 Michelle 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 $659/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 20 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Vaughan have shown strong appreciation as families seek more space.
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 $4,117 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.