247 Summeridge Drive, Vaughan, ON

Patterson, Vaughan · MLS® N13796828

$1,768,000
For Sale
Listed 32 days agoNo offer date stated
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4+1Bedrooms
4Bathrooms
2Garage · 4 parking
2000-2500Sq ft

About this home

In short

  • RAVINE!! -- Rare South Lot Backing onto A Magnificent Ravine in The Heart of Prestigious Thornhill Woods' Green Park Enclave! HEAVILY RENOVATED IN 2017, Beautifully...
  • Stately Stone Facade, 9Ft Ceilings on Main, Smooth Ceilings Thru-Out.
  • Open Concept Layout, Updated Kitchen W/O To Sun-Filled South Ravine Backyard - An Entertainer's Dream.
  • Finished Basement with Renovated Washroom (2022), Adds Fantastic Extra Living Space.
  • A Rare Opportunity to own One Of Thornhill Woods' Most Coveted Ravine Lots - Don't Miss This One.

--- RAVINE!! RAVINE!! RAVINE!! -- Rare South Lot Backing onto A Magnificent Ravine in The Heart of Prestigious Thornhill Woods' Green Park Enclave! **HEAVILY RENOVATED IN 2017**, Beautifully Maintained 4-Bedroom Home, Meticulously Kept to the Highest Standard - Shows Beautifully, Bright, Immaculate & Move-In Ready. Stately Stone Facade, 9Ft Ceilings on Main, Smooth Ceilings Thru-Out. Upgraded Floors & Staircase. Open Concept Layout, Updated Kitchen W/O To Sun-Filled South Ravine Backyard - An Entertainer's Dream. Marble Fireplace. Finished Basement with Renovated Washroom (2022), Adds Fantastic Extra Living Space. Double Full-Size Garage W/ Auto smart Opener Plus Built-In Snow Tire electrical Lift & Overhead Motorized Bike Storage System. Deck Replaced 2024, Water Heater Replaced 2023 & Buy-Out (No Rental Fee), Smart Switches & Dimmers On ~50% Of Lights, LED Lights W/ Levels Of Warmth/Coolness, Smart Locks On Main Door & Laundry, Chamberlain Smart Garage Openers W/ Parking Sensor Assistance, 3 Security Cameras (Driveway North, East Side & Backyard Fisheye 180), Water Leak Detectors Across The Whole House, Whole-Home Water Filter To Prevent Debris (Rust, Stones, Sand & Particles) From City Water Supply Entering House Piping. Irrigation & Fertilizing automatic System Link Tap (Own - No Fee) W/ 3 Watering Zones: Front Lawn, Plants & Planting Boxes. Premium Carrier HVAC & 3T AC Unit (2017), Premium Furnace Replaced 2017. High-Quality Central Vacuum System, Alarm System. A Lot Of Upgrades for around 200k - Must See! A Rare Opportunity to own One Of Thornhill Woods' Most Coveted Ravine Lots - Don't Miss This One!

Key facts

Property type
Detached, 2-Storey
MLS®
N13796828
Bedrooms
4+1 (5 total)
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
Lot
45.01 × 100.46 ft
Cross streets
Bathurtst/Hwy7
Parking
2 garage · 4 parking (attached)
Basement
Finished, Full
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$7,451 / 2025
Days on market
32
Listing brokerage
ZOLO 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 Patterson · asking prices
$1.64Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $728/sqft; this home lists at $786/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
1.77MThis home1.74M1.60M1.58MThis home vs active comparables

Neighbourhood & location

Patterson, 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.

Uplands
$1.55M
Brownridge
$1.24M
Glen Shields
$1.28M
Lakeview Estates
$949K
Maple
$1.63M

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
$8,058/mo
$329KIncome needed
5.4×Price ÷ income
$1,860Weekly cost
$31,835Land 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 $8,058Property tax $621Total carry $8,679

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)
$7,820per month

Mortgage amount $1,414,400 · 4.49% over 25 years

$353,600Down payment (20.0%)
$1,414,400Loan before insurance
$0CMHC premium
$8,441Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7,820
Property tax
$621
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8,441

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

One-time closing costs

Ontario land transfer tax
$31,835
Estimated closing costs
$31,835

Plus your down payment of $353,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$9,465/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

$931,738Total interest paid
$2,346,138Total of all payments
Principal $1,414,400 Interest $931,738
YearPrincipalInterestBalance
1$31,563$62,282$1,382,837
2$32,996$60,849$1,349,840
3$34,495$59,351$1,315,345
4$36,061$57,785$1,279,285
5$37,698$56,147$1,241,586
6$39,410$54,436$1,202,177
7$41,199$52,646$1,160,977
8$43,070$50,776$1,117,908
9$45,025$48,820$1,072,882
10$47,070$46,776$1,025,813
11$49,207$44,639$976,606
12$51,441$42,405$925,165
13$53,777$40,069$871,388
14$56,218$37,627$815,170
15$58,771$35,075$756,399
16$61,439$32,406$694,960
17$64,229$29,617$630,731
18$67,145$26,700$563,586
19$70,194$23,652$493,392
20$73,381$20,465$420,011
21$76,713$17,133$343,299
22$80,196$13,650$263,103
23$83,837$10,009$179,266
24$87,643$6,202$91,623
25$91,623$2,223$0

At the end of your 5-year term

Total paid over the term
$469,228
Principal paid down
$172,814
Interest paid
$296,414
Balance remaining
$1,241,586

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$4,200/mo
$50,400Gross annual rent
2.0%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.

2.9%
Gross yield
− Property tax $7,451− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $36,005

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

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