115 Pelee Avenue, Vaughan, ON

Kleinburg, Vaughan · MLS® N13090724

$1,548,800
For Sale
Listed 166 days agoNo offer date statedSitting longer than typical
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4+1Bedrooms
5Bathrooms
1Garage · 3 parking
2500-3000Sq ft

About this home

In short

  • Rare 2 1/2-storey model in the prestigious community of New Kleinburg, offering over 3,300 sq ft of total living space including a fully finished basement.
  • This beautifully maintained home features 9 ft ceilings on the main and second floors, hardwood throughout, and a spacious, functional layout including a second-floor...
  • The finished basement adds excellent versatility with a kitchen, bedroom, full bathroom, and a second laundry area-ideal for extended family or guests.
  • Prime location close to schools, highways, grocery stores, shopping, and minutes to Wonderland.

Rare 2 1/2-storey model in the prestigious community of New Kleinburg, offering over 3,300 sq ft of total living space including a fully finished basement. This beautifully maintained home features 9 ft ceilings on the main and second floors, hardwood throughout, and a spacious, functional layout including a second-floor living room with impressive 12 ft ceilings.The upgraded kitchen includes professionally added custom cabinetry for enhanced storage and functionality, and the home has been freshly painted, offering a move-in-ready feel.The third floor offers two additional bedrooms with a shared full bathroom and balcony, providing a perfect private retreat for family or guests.The finished basement adds excellent versatility with a kitchen, bedroom, full bathroom, and a second laundry area-ideal for extended family or guests. Exterior is professionally landscaped with a sprinkler system, adding both curb appeal and convenience.Prime location close to schools, highways, grocery stores, shopping, and minutes to Wonderland.

Key facts

Property type
Detached, 2 1/2 Storey
MLS®
N13090724
Bedrooms
4+1 (5 total)
Bathrooms
5 (1 half)
Size
2500-3000 sq ft
Lot
37.71 × 101.8 ft
Cross streets
Major MacKenzie Dr W & Hwy 427
Parking
1 garage · 3 parking (attached)
Basement
Finished
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick Front
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,905 / 2026
Days on market
166
Listing brokerage
RE/MAX METROPOLIS REALTY
Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read
What sellers nearby are askingCurrently listed nearby in Kleinburg · asking prices
$1.61Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $585/sqft; this home lists at $563/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1.55MThis home1.40M1.70M1.55M1.60M1.80MThis home vs active comparables

Neighbourhood & location

Kleinburg, Vaughan, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Sonoma Heights
$1.47M
Islington Woods
$1.99M
West Woodbridge
$1.45M
Vellore Village
$1.67M
East Woodbridge
$1.41M

Typical asking price of active listings of the same type, per area (outliers removed). Vaughan.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$7,059/mo
$287KIncome needed
5.4×Price ÷ income
$1,629Weekly cost
$27,451Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

93%mortgage
Mortgage $7,059Property tax $492Total carry $7,551

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$6,851per month

Mortgage amount $1,239,040 · 4.49% over 25 years

$309,760Down payment (20.0%)
$1,239,040Loan before insurance
$0CMHC premium
$7,343Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,851
Property tax
$492
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$7,343

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$27,451
Estimated closing costs
$27,451

Plus your down payment of $309,760. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$8,292/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$816,219Total interest paid
$2,055,259Total of all payments
Principal $1,239,040 Interest $816,219
YearPrincipalInterestBalance
1$27,650$54,560$1,211,390
2$28,906$53,305$1,182,484
3$30,218$51,992$1,152,266
4$31,590$50,620$1,120,676
5$33,024$49,186$1,087,652
6$34,524$47,687$1,053,128
7$36,091$46,119$1,017,037
8$37,730$44,480$979,307
9$39,443$42,767$939,864
10$41,234$40,977$898,630
11$43,106$39,104$855,524
12$45,063$37,147$810,461
13$47,109$35,101$763,352
14$49,248$32,962$714,104
15$51,484$30,726$662,619
16$53,822$28,388$608,797
17$56,266$25,945$552,532
18$58,820$23,390$493,711
19$61,491$20,719$432,220
20$64,283$17,927$367,938
21$67,202$15,009$300,736
22$70,253$11,958$230,483
23$73,443$8,768$157,040
24$76,777$5,433$80,263
25$80,263$1,947$0

At the end of your 5-year term

Total paid over the term
$411,052
Principal paid down
$151,388
Interest paid
$259,664
Balance remaining
$1,087,652

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$5,250/mo
$63,000Gross annual rent
3.1%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

4.1%
Gross yield
− Property tax $5,905− Insurance $1,400− Vacancy & upkeep $6,930Net operating income $48,765

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX METROPOLIS REALTY. MLS®/PropTx.

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