$999,000 - 81 Parktree Drive, Vaughan
Townhouse for Sale in Vaughan
- MLS Number
- N12890300
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Vaughan
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Welcome to this townhome in Vaughan, set on a quiet lot backing onto a ravine with no rear neighbours. The setting offers added privacy and a natural backdrop that's hard to find in this area.The home features a practical layout with comfortable living space and good natural light throughout. It's well-suited for day-to-day living, with enough room for families, couples, or those transitioning from condo living who are looking for a bit more space.A key feature is the walkout basement, which provides direct access to the backyard and ravine. This level is partly finished and ready for customization, giving buyers the flexibility to design the space to fit their needs-whether that's additional living space, a workspace, or a recreation area.Upstairs, the bedrooms are well-sized and functional, offering flexibility for families, guests, or working from home. Overall, the home presents a solid opportunity for buyers who are comfortable with adding their own updates over time. Situated in a highly desirable and family-friendly neighbourhood, you're just minutes from top local amenities. Enjoy easy access to Canada's Wonderland for entertainment, shopping at Vaughan Mills, and convenient healthcare at Cortellucci Vaughan Hospital. Commuting is effortless with quick connections to Highway 400, making travel throughout the GTA simple and efficient.Surrounded by parks, schools, and everyday essentials, this location is ideal for families looking to establish roots in a vibrant and growing community. With its premium ravine lot, walkout basement potential, and unbeatable location, this townhome is a rare opportunity to create your dream space in one of Vaughan's most convenient areas.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
81 Parktree Drive, Vaughan
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Rental income estimator & ROI calculator
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
Fair Market Value
At $908/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.
Market Position
At 19 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 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 $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.