116-1331 Major Mackenzie Drive, Vaughan, ON
Patterson, Vaughan · MLS® N13758052
About this home
In short
- Welcome to one of the largest and most versatile homes in the highly sought-after Mackenzie Terraces community.
- Offering approximately 3,300 sq. ft. of finished living space, including 2,464 sq. ft. above grade plus an approximately 830 sq. ft. professionally finished walk-out...
- Thoughtfully upgraded throughout, the bright open-concept layout showcases hardwood flooring, elegant pot lights, quartz countertops, stainless steel appliances...
- The spacious primary suite includes an upgraded walk-in closet, while the laundry room has been enhanced with a custom sink, upgraded faucet, and additional upper and...
- The professionally finished walk-out basement is complete with its own kitchen appliances, bedroom, and living area, making it ideal for extended family...
Welcome to one of the largest and most versatile homes in the highly sought-after Mackenzie Terraces community! Offering approximately 3,300 sq. ft. of finished living space, including 2,464 sq. ft. above grade plus an approximately 830 sq. ft. professionally finished walk-out basement, this exceptional end-unit townhome backs onto tranquil greenspace, providing privacy and beautiful natural views. Thoughtfully upgraded throughout, the bright open-concept layout showcases hardwood flooring, elegant pot lights, quartz countertops, stainless steel appliances, wrought iron pickets, multiple walk-outs, and an abundance of natural light. The upgraded kitchen features a gas line, newer gas stove, and over-the-range microwave. The spacious primary suite includes an upgraded walk-in closet, while the laundry room has been enhanced with a custom sink, upgraded faucet, and additional upper and lower cabinetry. Designed for today's lifestyle, the enclosed second-floor den creates the perfect home office or additional bedroom, while the professionally enclosed loft, complete with its own shower, offers exceptional flexibility as a private bedroom, guest suite, or bonus living space. The professionally finished walk-out basement is complete with its own kitchen appliances, bedroom, and living area, making it ideal for extended family, multi-generational living, or additional living space. Ideally situated in one of Vaughan's most desirable neighbourhoods, you're just minutes from top-rated schools, parks, trails, shopping, restaurants, Rutherford GO Station, public transit, and Highways 400 & 407. A rare opportunity to own the largest model in the community, offering exceptional space, premium upgrades, incredible versatility, and an unbeatable location.
Key facts
- Property type
- Condo Townhouse, 3-Storey
- MLS®
- N13758052
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 5 (1 half)
- Size
- 2250-2499 sq ft
- Cross streets
- Major Mackenzie Dr/Dufferin St
- Parking
- 1 garage · 2 parking (built-in)
- Basement
- Full, Walk-Out, Finished, Apartment
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Maintenance
- $458/mo
- Exposure
- North
- Property tax
- $6,166 / 2026
- Days on market
- 41
- Listing brokerage
- INTERCITY REALTY INC.
Rooms
hardwood floor · combined w/living · window
hardwood floor · large window
ceramic floor · large window
hardwood floor · large closet · large window
hardwood floor · walk-in closet(s) · 5 pc ensuite
hardwood floor · large closet · large window
hardwood floor · fireplace · w/o to deck
4 pc ensuite · large closet · w/o to terrace
ceramic floor · quartz counter · stainless steel appl
Listed at $1,289,000, about 7% above our estimate of $1.20M (homes like it typically land between $1.12M and $1.26M).
Total price vs nearby homes. Fair value about $1.20M, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $543/sqft against an area asking average of $601/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. In Patterson basements rarely rent out (0 of 11 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Vaughan.
- Park / green-space backing. This home is described as backing onto a ravine or green setting, and the listing says so too. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
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 and this building.
It never sees the asking price. The 8 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.15M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($543/sqft) is below the area, so you are paying for extra space rather than a premium.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 8 comparable homes that sold in Patterson over the past two years, from 8 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market. Homes like this one have recently closed around $1.20M, which is where my estimate comes from.
Per square foot, these ask about $479/sqft; this home lists at $543/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condo townhouses in Vaughan: $665K in September 2026, down 6% from a year ago, on 107 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 | $803K | 9 |
| November 2025 | $792K | 11 |
| December 2025 | $775K | 7 |
| January 2026 | $768K | 11 |
| February 2026 | $765K | 8 |
| March 2026 | $615K | 5 |
| April 2026 | $792K | 10 |
| May 2026 | $800K | 10 |
| June 2026 | $770K | 13 |
| July 2026 | $833K | 6 |
| August 2026 | $743K | 10 |
| September 2026 | $665K | 7 |
Neighbourhood & location
Patterson, 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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,031,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,702
- Property tax
- $514
- Condo / maintenance fees
- $458
- Heating
- $0
- Estimated monthly cost
- $6,674
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,255
- Estimated closing costs
- $22,255
Plus your down payment of $257,800. 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
- $342,101
- Principal paid down
- $125,994
- Interest paid
- $216,107
- Balance remaining
- $905,206
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 9 whole-home leases in Patterson signed at a median of $3,800 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,524. 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 INTERCITY REALTY INC.. MLS®/PropTx.