216-3865 Major Mackenzie Drive, Vaughan, ON
Vellore Village, Vaughan · MLS® N13835378
About this home
In short
- Welcome to this exceptional two-storey condo residence in the heart of highly sought-afterVellore Village.
- The open-concept layout features generous living and entertaining spaces enhanced by soaring 9-foot ceilings and large windows that fill the home with natural light.
- The primary retreat includes a walk-in closet and a private ensuite bathroom, providing a comfortable and relaxing escape.
- Enjoy the convenience of three full bathrooms, underground parking with elevator access, and abundant visitor parking.
- Ideally situated within walking distance to schools, parks, community amenities, shopping, and everyday conveniences, with quick access to Highway 400 for effortless...
Welcome to this exceptional two-storey condo residence in the heart of highly sought-afterVellore Village. Thoughtfully designed and beautifully maintained, this bright and spacious home offers an ideal blend of comfort, functionality, and style. The open-concept layout features generous living and entertaining spaces enhanced by soaring 9-foot ceilings and large windows that fill the home with natural light. The versatile dining area, complete with double doors, can easily serve as a home office, guest room, or third bedroom to suit your lifestyle needs. The well-appointed kitchen overlooks the main living area, creating a seamless flow for everyday living and entertaining. Upstairs, you'll find two spacious bedrooms, each featuring its own charming Juliet balcony. The primary retreat includes a walk-in closet and a private ensuite bathroom, providing a comfortable and relaxing escape. Enjoy the convenience of three full bathrooms, underground parking with elevator access, and abundant visitor parking. Ideally situated within walking distance to schools, parks, community amenities, shopping, and everyday conveniences, with quick access to Highway 400 for effortless commuting. An outstanding opportunity to own a move-in-ready home in one of Vaughan's most desirable family-friendly communities.
Key facts
- Property type
- Condo Apartment, 2-Storey
- MLS®
- N13835378
- Bedrooms
- 2
- Bathrooms
- 3
- Size
- 1000-1199 sq ft
- Cross streets
- Major Mackenzie/ Fossil Hill
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $799/mo
- Exposure
- North
- Property tax
- $2,586 / 2025
- Days on market
- 21
- Listing brokerage
- NEW ERA REAL ESTATE
Rooms
laminate · closet · balcony
stainless steel appl · tile floor · backsplash
combined w/dining · large window
4 pc ensuite · walk-in closet(s) · laminate
combined w/family · laminate
Listed at $699,999, about 6% above our estimate of $660K (homes like it typically land between $614K and $694K).
Why $660K. The typical condo sold in Vellore Village over the past year went for about $568K (49 sales). What sets this one apart:
- ▲ Raises it strongly2 bedrooms and 3 baths, against 1+1 and 2 typically.
- ▲ Raises it stronglyIt is 1,000 to 1,199 sq ft; the typical home sold here is 700 to 799.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $2,586 a year; the typical home sold here pays about $2,700.
Total price vs nearby homes. Fair value about $660K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $637/sqft against an area asking average of $779/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 and this building.
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 $733K. 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
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($637/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Vellore Village, so I widened the search to the surrounding area.
Based on 8 comparable homes that sold in Vellore Village over the past two years, from 8 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $660K, which is where my estimate comes from.
Per square foot, these ask about $726/sqft; this home lists at $637/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Vaughan: $505K in September 2026, down 4% from a year ago, on 795 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 | $570K | 71 |
| November 2025 | $565K | 67 |
| December 2025 | $538K | 50 |
| January 2026 | $520K | 49 |
| February 2026 | $575K | 54 |
| March 2026 | $538K | 72 |
| April 2026 | $525K | 62 |
| May 2026 | $552K | 79 |
| June 2026 | $547K | 92 |
| July 2026 | $570K | 73 |
| August 2026 | $523K | 64 |
| September 2026 | $505K | 62 |
Neighbourhood & location
Vellore Village, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $559,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,096
- Property tax
- $216
- Condo / maintenance fees
- $799
- Heating
- $0
- Estimated monthly cost
- $4,111
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,475
- Estimated closing costs
- $10,475
Plus your down payment of $140,000. 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
- $185,780
- Principal paid down
- $68,422
- Interest paid
- $117,358
- Balance remaining
- $491,578
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 41 whole-home leases in Vellore Village signed at a median of $2,714 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,196. 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 NEW ERA REAL ESTATE. MLS®/PropTx.