118 Wascana Road, Vaughan, ON
Elder Mills, Vaughan · MLS® N13783554
About this home
In short
- Luxury meets lifestyle in this executive corner townhome in Urban Green by Pine Valley Estates.
- Offering 2,178 sqft - the largest model in the community - this residence delivers the space of a detached home with the convenience of modern townhouse living.
- Designed for today's lifestyle, the home features 4 spacious bedrooms, 4 bathrooms, soaring 10-foot ceilings on the main level, oversized windows that flood the...
- The private primary retreat offers a walk-in closet and a spa-inspired ensuite, while the additional bedrooms provide exceptional flexibility for families, guests, or...
- Enjoy the added privacy and curb appeal of a premium corner lot, complete with a built-in garage, private driveway, and rough-in for an electric vehicle charger.
Luxury meets lifestyle in this executive corner townhome in Urban Green by Pine Valley Estates. Offering 2,178 sqft - the largest model in the community - this residence delivers the space of a detached home with the convenience of modern townhouse living. Designed for today's lifestyle, the home features 4 spacious bedrooms, 4 bathrooms, soaring 10-foot ceilings on the main level, oversized windows that flood the interior with natural light, and an open-concept layout ideal for both everyday living and entertaining. The chef-inspired kitchen showcases premium finishes, quartz countertops, a large centre island, and seamless flow into the expansive living and dining spaces. The private primary retreat offers a walk-in closet and a spa-inspired ensuite, while the additional bedrooms provide exceptional flexibility for families, guests, or work-from-home professionals. Enjoy the added privacy and curb appeal of a premium corner lot, complete with a built-in garage, private driveway, and rough-in for an electric vehicle charger. Nestled in one of Vaughan's most sought-after new communities, you are moments from top-rated schools, parks, trails, shopping, dining, and major highways, offering the perfect balance of peaceful suburban living and urban convenience. A rare opportunity to own and enjoy one of the largest and most desirable townhome models in the community.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- N13783554
- Bedrooms
- 4
- Bathrooms
- 4 (2 half)
- Size
- 2000-2500 sq ft
- Lot
- 12.03 × 23.61 ft
- Cross streets
- Rutherford Rd & Hwy 27
- Parking
- 1 garage · 2 parking (built-in)
- Driveway
- Available
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $5,671 / 2025
- Days on market
- 35
- Listing brokerage
- KW Living Realty
Rooms
Hardwood Floor
w/o to deck · hardwood floor
walk-in closet(s) · closet · broadloom
closet · broadloom
Hardwood Floor
3 pc bath · quartz counter · tile floor
2 pc bath · tile floor
2 pc bath · tile floor
5 pc bath · quartz counter · tile floor
centre island · quartz counter · stainless steel appl
w/o to balcony · closet · broadloom
closet · broadloom
Listed at $998,000, about 7% below our estimate of $1.07M (homes like it typically land between $1.01M and $1.13M).
Total price vs nearby homes. Fair value about $1.07M, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $444/sqft against an area asking average of $584/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
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 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $905K. 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Elder Mills, so I widened the search to the surrounding area.
Based on 5 comparable homes that sold in Elder Mills over the past two years, from 7 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.07M, which is where my estimate comes from.
Per square foot, these ask about $427/sqft; this home lists at $444/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 townhouses in Vaughan: $1.00M in September 2026, up 1% from a year ago, on 435 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 | $1.02M | 46 |
| November 2025 | $950K | 35 |
| December 2025 | $997K | 29 |
| January 2026 | $1.07M | 17 |
| February 2026 | $1.02M | 30 |
| March 2026 | $985K | 41 |
| April 2026 | $1.04M | 45 |
| May 2026 | $983K | 53 |
| June 2026 | $1.02M | 38 |
| July 2026 | $996K | 49 |
| August 2026 | $1.00M | 31 |
| September 2026 | $1.00M | 21 |
Neighbourhood & location
Elder Mills, 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 $798,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,414
- Property tax
- $473
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,887
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,435
- Estimated closing costs
- $16,435
Plus your down payment of $199,600. 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
- $264,869
- Principal paid down
- $97,550
- Interest paid
- $167,320
- Balance remaining
- $700,850
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 5 whole-home leases in Elder Mills signed at a median of $3,600 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,750. 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 KW Living Realty. MLS®/PropTx.