506 Vaughan Mills Road, Vaughan, ON
Islington Woods, Vaughan · MLS® N13669220
About this home
In short
- Rarely Offered, Original Owners, Pride of Ownership.
- Main Floor Boasts Living & Dining Rooms, Mudroom with Entrance from Garages; Main Floor Laundry, Open Concept Living, Comfortable Family Room (with 2 Skylights & Gas...
- Walk-Out to Private Oversized Backyard Oasis: 5 Ft.
- Deep Saltwater Pool with Outdoor Covered Kitchen Area Including: BBQ; Pizza Oven, Cabana with 2-Pc Bath, Golf Putting Area.
- The Fully Finished Basement Enhances the Living Space with a Fully Equipped Second Kitchen, Open to Family/Living Space, Gas Fireplace, 3-Pc Bath, Separate Staircase...
Rarely Offered, Original Owners, Pride of Ownership! Detached Upgraded 4 Beds + 4 Baths with Coveted 3-Car Tandem Garage Situated on 60 x133 Ft. Lot in Prestigious Islington Woods! This Distinguished Family Home Features an Exceptional Opportunity to Enjoy Luxury Living in One of Vaughans' Most Prestigious & Desirable Communities. Surrounded by Mature Trees & Professional Landscaping, The Property Offers Endless Opportunities with both Interior & Exterior Entertaining. Thoughtfully Designed, this Dwelling Exudes a Functional, Practical Layout not Compromising Privacy or Space. Upper Floor Consists of a Primary Retreat Furnished with a Walk-In Closet & Ensuite Bath. Three Additional Bedrooms are Spacious & Bright with a Servicing Washroom. Main Floor Boasts Living & Dining Rooms, Mudroom with Entrance from Garages; Main Floor Laundry, Open Concept Living, Comfortable Family Room (with 2 Skylights & Gas Fireplace) extending from Renovated Kitchen with Centre Island & Custom Cabinetry. Walk-Out to Private Oversized Backyard Oasis: 5 Ft. Deep Saltwater Pool with Outdoor Covered Kitchen Area Including: BBQ; Pizza Oven, Cabana with 2-Pc Bath, Golf Putting Area. The Fully Finished Basement Enhances the Living Space with a Fully Equipped Second Kitchen, Open to Family/Living Space, Gas Fireplace, 3-Pc Bath, Separate Staircase Entrance from Garage & Mudroom, Creating an Inviting In-Law Suite.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13669220
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 60.07 × 133 ft
- Cross streets
- Rutherford Rd. & Vaughan Mills
- Parking
- 3 garage · 7 parking (attached)
- Driveway
- Private Double
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $7,708 / 2025
- Days on market
- 68
- Listing brokerage
- CENTURY 21 PARKLAND LTD.
Listed at $1,999,999. Going by how homes in Islington Woods and the wider GTA have actually closed against their asking prices (about 97%, 13 local closings in 90 days), the likely sale price is near $1.94M, if it sells. A realistic range is $1.82M to $2.19M.
Independent value check: $1.75M. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $1.64M and $1.84M).
Why $1.75M. The typical detached home sold in Islington Woods over the past year went for about $1.96M (49 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $7,708 a year; the typical home sold here pays about $9,200.
- ▲ Raises it3 garage and 7 total parking spaces, against 2 and 8 typically.
Longer on the market than typical. 68 days on the market against about 33 for homes like it here, and asking 14% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.94M, from 13 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 13 detached homes for sale in the area against 13 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $615/sqft against an area asking average of $567/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 13 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.67M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Based on 13 comparable homes that sold in Islington Woods over the past two years, from 78 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $621/sqft; this home lists at $615/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Vaughan: $1.43M in September 2026, down 2% from a year ago, on 1,377 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Vaughan as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.47M | 149 |
| November 2025 | $1.51M | 97 |
| December 2025 | $1.39M | 76 |
| January 2026 | $1.33M | 70 |
| February 2026 | $1.44M | 81 |
| March 2026 | $1.45M | 109 |
| April 2026 | $1.40M | 130 |
| May 2026 | $1.44M | 159 |
| June 2026 | $1.42M | 160 |
| July 2026 | $1.39M | 115 |
| August 2026 | $1.45M | 123 |
| September 2026 | $1.43M | 108 |
Neighbourhood & location
Islington Woods, Vaughan, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
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
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.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $1,599,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,847
- Property tax
- $642
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,489
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,475
- Estimated closing costs
- $36,475
Plus your down payment of $400,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
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
At the end of your 5-year term
- Total paid over the term
- $530,800
- Principal paid down
- $195,490
- Interest paid
- $335,310
- Balance remaining
- $1,404,509
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.
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 10 whole-home leases in Islington Woods signed at a median of $5,818 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,306. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 PARKLAND LTD.. MLS®/PropTx.