47 Edison Place, Vaughan, ON
Patterson, Vaughan · MLS® N13802434
About this home
In short
- Only few houses in the area build by this quality builder as a custom build homes.
- Hardwood floors on main level, oak stairs.
- Upgraded 8F front door and 8F all interior doors.
- 9 F ceiling on main and 2 level.
- Luxury Primary bedroom retreat with oversize glass shower and freestanding tub and 11f cathedral ceiling .Unspoiled walk-out basement can be finished as income...
Rare gem. Only few houses in the area build by this quality builder as a custom build homes. Hardwood floors on main level, oak stairs. Upgraded maple kitchen with breakfast bar and large eating area. Upgraded 8F front door and 8F all interior doors. 9 F ceiling on main and 2 level. 18 F ceiling in Family room and 16 F ceiling in open media room. Great design to live and to entertain your guests . Marble entrance. Walk-in foyer closet. Luxury Primary bedroom retreat with oversize glass shower and freestanding tub and 11f cathedral ceiling .Unspoiled walk-out basement can be finished as income generating basement apartment or entertaining space. High demand location within proximity to transportation, go station, catholic elementary school, public elementary school and French elementary school.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13802434
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 40.03 × 104.99 ft
- Cross streets
- Dufferin and Major Mackenzie
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,539 / 2026
- Days on market
- 31
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Rooms
broadloom · 5 pc ensuite · walk-in closet(s)
hardwood floor · gas fireplace · cathedral ceiling(s)
hardwood floor · sunken room · window
4 pc ensuite · picture window · closet
broadloom · his and hers closets · semi ensuite
hardwood floor · combined w/living
hardwood floor · combined w/dining
broadloom · his and hers closets · semi ensuite
ceramic floor · breakfast bar · breakfast area
broadloom · cathedral ceiling(s) · picture window
ceramic floor · granite counters · modern kitchen
Listed at $1,899,000. Going by how homes in Patterson have actually closed against their asking prices (about 101%, 60 local closings in 90 days), the likely sale price is near $1.91M, if it sells. A realistic range is $1.79M to $2.15M.
Independent value check: $1.76M. Without looking at the asking price, our model values the home itself about 7% below the ask (homes like it typically land between $1.65M and $1.84M).
Why $1.76M. The typical detached home sold in Patterson over the past year went for about $1.65M (264 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $8,539 a year; the typical home sold here pays about $7,600.
- ▲ Raises it slightlyIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,500 to 3,000.
- ▼ Lowers it slightly4 bedrooms and 4 baths, against 4+1 and 5 typically.
Total price vs nearby homes. Likely closing about $1.91M, from 60 recent closings in this pocket.
The market behind the math:
About 2.5 months of inventory: 49 detached homes for sale in the area against 60 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $584/sqft against an area asking average of $631/sqft.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 60 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.71M. Condition and finishes remain an in-person call.
What the listing highlights3 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
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- 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 ($584/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 60 comparable homes that sold in Patterson over the past two years, from 500 closings there.
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 $597/sqft; this home lists at $584/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 Patterson: $1.42M in September 2026, down 8% from a year ago, on 259 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.73M | 33 |
| November 2025 | $1.79M | 22 |
| December 2025 | $1.52M | 12 |
| January 2026 | $1.57M | 8 |
| February 2026 | $1.61M | 17 |
| March 2026 | $1.71M | 24 |
| April 2026 | $1.65M | 21 |
| May 2026 | $1.79M | 32 |
| June 2026 | $1.63M | 29 |
| July 2026 | $1.65M | 17 |
| August 2026 | $1.62M | 24 |
| September 2026 | $1.42M | 20 |
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
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 20, 2026); conventional rates run a little higher.
Mortgage amount $1,519,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,400
- Property tax
- $712
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,112
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,455
- Estimated closing costs
- $34,455
Plus your down payment of $379,800. 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
- $503,995
- Principal paid down
- $185,618
- Interest paid
- $318,377
- Balance remaining
- $1,333,582
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
The suite is real income here: basements rent in Patterson (46 of 285 recent detached leases were basement units, around $2,000 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,000 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 122 whole-home leases in Patterson signed at a median of $5,444 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,739. 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 SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.