87 Serene Way, Vaughan, ON

Patterson, Vaughan · MLS® N13849038

$1,729,000
For Sale
Listed 18 days agoNo offer date stated
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5Bedrooms
6Bathrooms
2Garage · 6 parking
3500-5000Sq ft

About this home

In short

  • A Rare Offering In One Of Thornhill Woods' Most Coveted Enclaves - This 5-Bedroom, 6-Bathroom Residence Delivers 3,505 Sq Ft Above Grade Plus A Fully Finished...
  • At The Heart Of The Home Is A Fully Renovated Chef's Kitchen With Waterfall Quartz Counters And A Pantry, Set Within A Bright, Open-Concept Main Floor Designed For...
  • Upstairs, The Primary Suite Is A True Retreat, Complete With Its Own Private Sitting Area And A Spa-Like 5-Piece Ensuite, While Three Further Bedrooms On The Second...
  • The Basement Has Been Newly Renovated Top To Bottom, With Newly Upgraded Flooring And A Newly Rebuilt Staircase Leading To An Expansive Recreation Space Plus An...
  • Minutes To Two GO Stations, Subway Line 1, The 407/404/400 Corridor And Mackenzie Health, This Is A Home That Pairs Scale And Craftsmanship With A Location That...

A Rare Offering In One Of Thornhill Woods' Most Coveted Enclaves - This 5-Bedroom, 6-Bathroom Residence Delivers 3,505 Sq Ft Above Grade Plus A Fully Finished Basement, Positioned To Impress From The Moment You Arrive. At The Heart Of The Home Is A Fully Renovated Chef's Kitchen With Waterfall Quartz Counters And A Pantry, Set Within A Bright, Open-Concept Main Floor Designed For Effortless Entertaining. Upstairs, The Primary Suite Is A True Retreat, Complete With Its Own Private Sitting Area And A Spa-Like 5-Piece Ensuite, While Three Further Bedrooms On The Second Level Each Enjoy Ensuite Or Semi-Ensuite Privacy. A Uniquely Designed Loft With Its Own 4-Piece Ensuite Serves As A Fifth Bedroom, Offering Bright, Versatile Space For Guests, A Home Office Or A Private Studio. The Basement Has Been Newly Renovated Top To Bottom, With Newly Upgraded Flooring And A Newly Rebuilt Staircase Leading To An Expansive Recreation Space Plus An Additional Bedroom - Ideal For Extended Family, Guests Or A Home Gym. Outside, A Generous Deck Sets The Stage For Summer Gatherings And Entertaining, Framed By Manicured Landscaping And Mature Interlocking, With A Built-In Double Garage And Parking For Six. This Home Already Carries Well Over $300K In Premium Upgrades, Including An Updated Furnace, Roof, Powder Room And Deck. Minutes To Two GO Stations, Subway Line 1, The 407/404/400 Corridor And Mackenzie Health, This Is A Home That Pairs Scale And Craftsmanship With A Location That Simply Cannot Be Replicated.

Key facts

Property type
Detached, 2 1/2 Storey
MLS®
N13849038
Bedrooms
5
Bathrooms
6 (1 half)
Size
3500-5000 sq ft
Lot
32.15 × 108.02 ft
Cross streets
Rutherford Rd/Bathurst St
Parking
2 garage · 6 parking (built-in)
Driveway
Available
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$8,104 / 2025
Days on market
18
Listing brokerage
T-ONE GROUP REALTY INC.,

Rooms

LoftThird7.60 × 7.38 m

hardwood floor · 4 pc ensuite · open concept

DenSecond3.51 × 3.44 m

hardwood floor · combined w/primary · large window

Dining RoomMain6.15 × 3.65 m

hardwood floor · combined w/living · open concept

Bedroom 2Second4.94 × 4.15 m

hardwood floor · 3 pc ensuite · cathedral ceiling(s)

BedroomBasement2.70 × 1.95 m

vinyl floor · 3 pc bath · closet

Bedroom 3Second3.43 × 3.34 m

hardwood floor · semi ensuite · large window

Living RoomMain6.15 × 3.65 m

hardwood floor · combined w/dining · pot lights

KitchenMain6.45 × 3.76 m

eat-in kitchen · quartz counter · pot lights

Bedroom 4Second3.43 × 3.34 m

hardwood floor · semi ensuite · large window

BreakfastMain6.45 × 3.76 m

combined w/kitchen · pantry · w/o to deck

Family RoomMain4.55 × 3.65 m

hardwood floor · fireplace · overlooks backyard

RecreationBasement10.77 × 5.01 m

vinyl floor · pot lights · open concept

OtherBasement6.00 × 2.20 m

laminate · separate room

Primary BedroomSecond4.89 × 4.07 m

hardwood floor · walk-in closet(s) · 5 pc ensuite

Our TakeTeam Asgarian · Broker
Likely to sell near ask
$1.74Mlikely sale price

Listed at $1,729,000. 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 $1.74M, if it sells. A realistic range is $1.63M to $1.96M.

Independent value check: $1.96M. Without looking at the asking price, our model values the home itself about 13% above the ask (homes like it typically land between $1.84M and $2.05M).

Why $1.96M. The typical detached home sold in Patterson over the past year went for about $1.65M (264 sales). What sets this one apart:

  • ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 2,500 to 3,000.
  • ▲ Raises it5 bedrooms and 6 baths, against 4+1 and 5 typically.
  • ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
  • ▲ Raises it slightlyIts tax bill, which follows the city's own assessment, is $8,104 a year; the typical home sold here pays about $7,600.
List price
$1.63MBelow recent closings$1.96MAbove recent closings

Total price vs nearby homes. Likely closing about $1.74M, from 60 recent closings in this pocket.

The market behind the math:

60sold nearby · 90 days
$1.50Mmedian sold price
102%of asking, on average
−12%prices vs a year ago
~17 dayshomes like this take to sell
18days on market so far
$6,741/moest. rent · 49 leases
4.7%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 4.6 months of inventory: 91 detached homes for sale in the area against 60 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $407/sqft against an area asking average of $652/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 60 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.80M. 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.

  • Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
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 Patterson, so I widened the search to the surrounding area.

Based on 60 comparable homes that sold in Patterson over the past two years, from 500 closings there.

What sellers nearby are askingCurrently listed nearby in Patterson · asking prices
$1.84Mavg asking

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 $1.96M, which is where my estimate comes from.

Per square foot, these ask about $567/sqft; this home lists at $407/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1.73MThis home1.68M1.65M1.87M1.90M2.13MThis home vs active comparables

Sold 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.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$1.73M33
November 2025$1.79M22
December 2025$1.52M12
January 2026$1.57M8
February 2026$1.61M17
March 2026$1.71M24
April 2026$1.65M21
May 2026$1.79M32
June 2026$1.63M29
July 2026$1.65M17
August 2026$1.62M24
September 2026$1.42M20

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
Maple
$1.63M
Glen Shields
$1.28M
Lakeview Estates
$949K

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
$7,880/mo
$325KIncome needed
5.3×Price ÷ income
$1,819Weekly cost
$31,055Land 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.

92%mortgage
Mortgage $7,880Property tax $675Total carry $8,556

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)
$7,648per month

Mortgage amount $1,383,200 · 4.49% over 25 years

$345,800Down payment (20.0%)
$1,383,200Loan before insurance
$0CMHC premium
$8,323Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7,648
Property tax
$675
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8,323

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

One-time closing costs

Ontario land transfer tax
$31,055
Estimated closing costs
$31,055

Plus your down payment of $345,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$9,257/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

$911,185Total interest paid
$2,294,385Total of all payments
Principal $1,383,200 Interest $911,185
YearPrincipalInterestBalance
1$30,867$60,908$1,352,333
2$32,269$59,507$1,320,064
3$33,734$58,042$1,286,330
4$35,265$56,510$1,251,065
5$36,867$54,909$1,214,198
6$38,540$53,235$1,175,658
7$40,290$51,485$1,135,368
8$42,120$49,656$1,093,248
9$44,032$47,743$1,049,216
10$46,031$45,744$1,003,184
11$48,121$43,654$955,063
12$50,306$41,469$904,757
13$52,590$39,185$852,166
14$54,978$36,797$797,188
15$57,474$34,301$739,714
16$60,084$31,691$679,630
17$62,812$28,963$616,818
18$65,664$26,111$551,154
19$68,645$23,130$482,509
20$71,762$20,013$410,746
21$75,020$16,755$335,726
22$78,427$13,349$257,299
23$81,988$9,788$175,312
24$85,710$6,065$89,602
25$89,602$2,174$0

At the end of your 5-year term

Total paid over the term
$458,877
Principal paid down
$169,002
Interest paid
$289,876
Balance remaining
$1,214,198

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
From 49 whole-home leases in Patterson$6,741/mo
$80,892Gross annual rent
3.6%Cap rate after taxes and upkeep
$6,329 to $7,114Typical rent range
~38 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 49 whole-home leases in Patterson signed at a median of $5,949 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,741. 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.

4.7%
Gross yield
− Property tax $8,104− Insurance $1,400− Vacancy & upkeep $8,898Net operating income $62,490

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

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