21674 Highway 48 Road, East Gwillimbury, ON
Rural East Gwillimbury, East Gwillimbury · MLS® N13795246
About this home
In short
- Welcome to this custom-built, 3,100+ square-foot architectural masterpiece situated on a peaceful 2.2-acre private estate offering privacy, a place to entertain and...
- Designed with exceptional attention to detail, this home features solid-core doors, engineered hardwood throughout, pot lights, and oversized windows that flood every...
- An expansive open-concept layout anchors the main floor, featuring a spacious great room with a cozy fireplace and a family-sized dining room with three-panel sliding...
- A second complete primary retreat upstairs offers a large walk-in closet, ceiling fan, and a 5-piece spa ensuite with double sinks, backlit mirrors, a glass shower...
- The unspoiled basement offers high ceilings, and vast open space presents an endless canvas for custom finishing or storage potential.
Welcome to this custom-built, 3,100+ square-foot architectural masterpiece situated on a peaceful 2.2-acre private estate offering privacy, a place to entertain and room to grow. Designed with exceptional attention to detail, this home features solid-core doors, engineered hardwood throughout, pot lights, and oversized windows that flood every room with natural light. An expansive open-concept layout anchors the main floor, featuring a spacious great room with a cozy fireplace and a family-sized dining room with three-panel sliding doors opening to the sprawling backyard. The gourmet kitchen features classic white cabinetry paired with premium stainless steel appliances, including a built-in oven, microwave, and cooktop, lots of pots and pan drawers on the impressive island and a full pantry for extra storage. Functional Spaces: A dedicated main-floor office, full laundry room/ mud room, and a stylish guest powder room. Main Level Primary Retreat: Features a generous walk-in closet, pot lighting, ceiling fans, and direct walk-out to the backyard. The spa-inspired ensuite boasts double sinks, backlit mirrors, a seamless glass shower, and a designer soaker tub. A second complete primary retreat upstairs offers a large walk-in closet, ceiling fan, and a 5-piece spa ensuite with double sinks, backlit mirrors, a glass shower, and a separate soaker tub; three additional generously sized bedrooms, each offering double-door closets and large windows. The unspoiled basement offers high ceilings, and vast open space presents an endless canvas for custom finishing or storage potential. The versatile detached double car garage could be used as a workshop or equipment storage. Prime Commuter Location: Enjoy serene rural living with quick access to major urban hubs: Newmarket: 15- 20 km (15-20 mins), Markham/Richmond Hill: 40 km (30-35 mins), downtown Toronto: 65- 70 km (50-60 mins via Hwy 404). Photos are virtually staged. Property taxes may change.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13795246
- Bedrooms
- 5
- Bathrooms
- 4 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 169 × 566.74 ft
- Cross streets
- Highway 48 and Holborn Road
- Parking
- 2 garage · 10 parking (detached)
- Driveway
- Private
- Basement
- Full, Unfinished
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Other
- Foundation
- Block, Concrete
- Roof
- Shingles
- Sewer
- Septic
- Property tax
- $4,220 / 2026
- Days on market
- 32
- Listing brokerage
- MARTIN GROUP
Rooms
5 Pc Ensuite
Granite Counters
5 Pc Ensuite
2 Pc Bath
4 Pc Bath
Listed at $1,998,000. Going by how homes in Rural East Gwillimbury and the wider GTA have actually closed against their asking prices (about 96%, 8 local closings in 90 days), the likely sale price is near $1.92M, if it sells. A realistic range is $1.80M to $2.17M.
Independent value check: $1.97M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $1.85M and $2.06M).
Why $1.97M. The typical detached home sold in Rural East Gwillimbury over the past year went for about $1.29M (35 sales). What sets this one apart:
- ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 2,000 to 2,500.
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $4,220 a year; the typical home sold here pays about $6,100.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises it5 bedrooms and 4 baths, against 3+1 and 3 typically.
Total price vs nearby homes. Likely closing about $1.92M, from 8 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 8 detached homes for sale in the area against 8 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $470/sqft against an area asking average of $465/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 8 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.49M. 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- 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
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
There were not many closely comparable homes right in Rural East Gwillimbury, so I widened the search to the surrounding area.
Based on 8 comparable homes that sold in Rural East Gwillimbury over the past two years, from 73 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.97M, which is where my estimate comes from.
Per square foot, these ask about $457/sqft; this home lists at $470/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in East Gwillimbury: $1.15M in September 2026, down 10% from a year ago, on 306 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. East Gwillimbury 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 | $1.27M | 25 |
| November 2025 | $1.25M | 34 |
| December 2025 | $1.25M | 20 |
| January 2026 | $1.03M | 15 |
| February 2026 | $1.24M | 26 |
| March 2026 | $1.14M | 25 |
| April 2026 | $1.10M | 29 |
| May 2026 | $1.10M | 25 |
| June 2026 | $1.18M | 26 |
| July 2026 | $1.16M | 31 |
| August 2026 | $1.05M | 25 |
| September 2026 | $1.15M | 25 |
Neighbourhood & location
Rural East Gwillimbury, East Gwillimbury, 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). East Gwillimbury.
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 $1,598,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,838
- Property tax
- $352
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,189
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,435
- Estimated closing costs
- $36,435
Plus your down payment of $399,600. 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
- $530,270
- Principal paid down
- $195,295
- Interest paid
- $334,975
- Balance remaining
- $1,403,105
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 12 whole-home leases in Rural East Gwillimbury signed at a median of $3,511 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,925. 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 MARTIN GROUP. MLS®/PropTx.