16 Craigvale Street, Vaughan, ON
Patterson, Vaughan · MLS® N13815164
About this home
In short
- A RARE OPPORTUNITY TO OWN A LUXURIOUS FAMILY HOME WITH INCREDIBLE INCOME POTENTIAL & A BACKYARD RETREAT.
- The professionally finished basement features a 2-bedroom apartment-style suite with its own kitchen, full bathroom and separate laundry, ideal for extended family or...
- Step outside to a private backyard oasis featuring a two-tier patio and expansive lawn, perfect for entertaining, family gatherings and sunset dinners.
- The beautifully upgraded main home features a designer chef's kitchen with quartz countertops, centre island, premium stainless steel appliances and abundant cabinetry.
- The luxurious primary suite features a walk-in closet and spa-inspired 5-piece ensuite with double vanity and soaker tub.
A RARE OPPORTUNITY TO OWN A LUXURIOUS FAMILY HOME WITH INCREDIBLE INCOME POTENTIAL & A BACKYARD RETREAT! In today's economy, this property offers the flexibility to make homeownership work for you. Why choose between your dream home and an investment property when you can have both? Welcome to this exceptional, move-in-ready residence in the highly sought-after Patterson community of Vaughan. This spacious home offers the perfect combination of family living, multi-generational flexibility and multiple opportunities to generate additional income. The professionally finished basement features a 2-bedroom apartment-style suite with its own kitchen, full bathroom and separate laundry, ideal for extended family or potential rental income. Step outside to a private backyard oasis featuring a two-tier patio and expansive lawn, perfect for entertaining, family gatherings and sunset dinners. The beautifully upgraded main home features a designer chef's kitchen with quartz countertops, centre island, premium stainless steel appliances and abundant cabinetry. The inviting family room offers a gas fireplace, hardwood floors, pot lights and California shutters, while a private main-floor office provides the perfect work-from-home space. The luxurious primary suite features a walk-in closet and spa-inspired 5-piece ensuite with double vanity and soaker tub. The second bedroom includes a 4-piece ensuite and walk-in closet, while two additional oversized bedrooms share a Jack-and-Jill semi-ensuite. This home offers a UPDATED ROOF (2024) and AC (2019). Whether you're looking to offset your mortgage, accommodate extended family or maximize rental income, this home offers possibilities rarely found in Vaughan. Minutes from top-rated schools, parks, Eagles Nest Golf Club, Cortellucci Vaughan Hospital, Vaughan Mills, Canada's Wonderland, Reptilia, Maple GO Station & YRT transit. LIVE IN IT. RENT IT. SHARE IT. INVEST IN YOUR FUTURE.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13815164
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 40.07 × 105.09 ft
- Cross streets
- Dufferin Street and Major Mackenzie Drive West
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private Double
- Basement
- Finished, Full, Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,920 / 2026
- Days on market
- 28
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Rooms
stainless steel appl · quartz counter · centre island
pot lights · double closet · hardwood floor
5 pc bath · double sink · tile floor
semi ensuite · california shutters · double closet
pot lights · double closet · hardwood floor
pot lights · ceramic backsplash · hardwood floor
pot lights · open concept · above grade window
semi ensuite · hardwood floor · double closet
4 pc bath · porcelain floor · b/i vanity
5 pc bath · double sink · soaking tub
california shutters · porcelain floor · w/o to deck
closet · pot lights · broadloom
laundry sink · california shutters · access to garage
bay window · pot lights · gas fireplace
hardwood floor · pot lights · separate room
hardwood floor · french doors · window
2 pc bath · b/i vanity · tile floor
4 pc ensuite · hardwood floor · walk-in closet(s)
4 pc bath · b/i vanity · tile floor
hardwood floor · coffered ceiling(s) · pot lights
5 pc ensuite · walk-in closet(s) · double doors
hardwood floor · pot lights · coffered ceiling(s)
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readNeighbourhood & location
Patterson, Vaughan, ON
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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 $1,319,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,294
- Property tax
- $660
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,954
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $29,455
- Estimated closing costs
- $29,455
Plus your down payment of $329,800. 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
- $437,645
- Principal paid down
- $161,182
- Interest paid
- $276,463
- Balance remaining
- $1,158,018
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates 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.
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.