56 Park Ridge Drive, Vaughan, ON

Kleinburg, Vaughan · MLS® N13863308

$2,675,000
For Sale
Listed 14 days agoNo offer date stated
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3+1Bedrooms
4Bathrooms
2Garage · 8 parking
2500-3000Sq ft

About this home

In short

  • Experience Refined Living In This Exceptional Custom-Built Bungalow, Offering Nearly 3,000 Sq.
  • The Elegant Main Level Features Soaring Cathedral Dome Ceilings, Rich Hardwood Flooring, And A Stunning Gas Fireplace That Anchors The Spacious Family Room.
  • At The Heart Of This Outdoor Oasis Is A Spectacular In-Ground Fiberglass Pool, Surrounded By Professionally Landscaped Gardens And Mature Privacy Trees, Creating A...
  • The Professionally Finished Lower Level Offers Incredible Versatility With A Separate Entrance, An Industrial-Grade Chef's Kitchen, Spacious Open-Concept...
  • Additional Conveniences Include Professional Pool Maintenance And Landscaping Services.

Experience Refined Living In This Exceptional Custom-Built Bungalow, Offering Nearly 3,000 Sq. Ft. Of Meticulously Crafted Living Space And Ideally Positioned Overlooking A Serene Park And Picturesque Pond. The Elegant Main Level Features Soaring Cathedral Dome Ceilings, Rich Hardwood Flooring, And A Stunning Gas Fireplace That Anchors The Spacious Family Room. The Gourmet Maple Kitchen Is Thoughtfully Designed With A Large Center Island, Seamlessly Connecting Indoor And Outdoor Living. Step Outside To Your Private Resort-Style Backyard Retreat, Complete With An Expansive Interlock Patio, Charming Gazebo, And A Fully Heated Year-Round Cabana. At The Heart Of This Outdoor Oasis Is A Spectacular In-Ground Fiberglass Pool, Surrounded By Professionally Landscaped Gardens And Mature Privacy Trees, Creating A Tranquil And Secluded Setting For Relaxation And Entertaining. The Professionally Finished Lower Level Offers Incredible Versatility With A Separate Entrance, An Industrial-Grade Chef's Kitchen, Spacious Open-Concept Entertainment Area, Dedicated Office, Generous Bedroom, Elegant 3-Piece Bathroom, And A Striking Three-Way Fireplace. Perfectly Suited For Multi-Generational Living, Guest Accommodations, Or Potential Income Opportunities. Additional Conveniences Include Professional Pool Maintenance And Landscaping Services.

Key facts

Property type
Detached, Bungalow
MLS®
N13863308
Bedrooms
3+1 (4 total)
Bathrooms
4 (1 half)
Size
2500-3000 sq ft
Lot
72.65 × 138.04 ft
Cross streets
Islington and Major Mackenzie
Parking
2 garage · 8 parking (attached)
Driveway
Private
Basement
Apartment, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Brick
Roof
Other
Sewer
Sewer
Pool
Inground
Property tax
$10,206 / 2025
Days on market
14
Listing brokerage
RE/MAX PREMIER THE OP TEAM

Rooms

Dining RoomMain4.34 × 4.34 m
Media RoomBasement8.96 × 5.33 m
Bedroom 5Basement3.94 × 2.66 m
OfficeBasement3.94 × 2.66 m
KitchenMain7.47 × 5.14 m
Bedroom 3Main3.66 × 3.43 m
Living RoomMain4.34 × 4.34 m
Primary BedroomMain5.60 × 4.55 m
KitchenBasement10.01 × 5.28 m
Bedroom 2Main4.16 × 3.94 m
Family RoomBasement13.72 × 4.53 m
Family RoomMain6.70 × 4.32 m
Bedroom 4Basement3.66 × 3.43 m
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 · asking prices
$1.54Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $567/sqft; this home lists at $973/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
2.67MThis home1.50M1.39M1.90M1.47M1.43MThis home vs active comparables

Neighbourhood & location

Kleinburg, 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.

Kleinburg
$3.26M
Vellore Village
$1.67M
West Woodbridge
$1.46M
East Woodbridge
$1.50M
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
$12,192/mo
$493KIncome needed
5.4×Price ÷ income
$2,813Weekly cost
$53,350Land 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 $12,192Property tax $851Total carry $13,042

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$11,832per month

Mortgage amount $2,140,000 · 4.49% over 25 years

$535,000Down payment (20.0%)
$2,140,000Loan before insurance
$0CMHC premium
$12,683Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$11,832
Property tax
$851
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$12,683

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

One-time closing costs

Ontario land transfer tax
$53,350
Estimated closing costs
$53,350

Plus your down payment of $535,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$14,321/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

$1,409,728Total interest paid
$3,549,728Total of all payments
Principal $2,140,000 Interest $1,409,728
YearPrincipalInterestBalance
1$47,756$94,233$2,092,244
2$49,924$92,065$2,042,320
3$52,191$89,798$1,990,130
4$54,560$87,429$1,935,569
5$57,038$84,951$1,878,532
6$59,627$82,362$1,818,904
7$62,335$79,654$1,756,569
8$65,165$76,824$1,691,404
9$68,124$73,865$1,623,281
10$71,217$70,772$1,552,064
11$74,450$67,539$1,477,614
12$77,831$64,158$1,399,783
13$81,365$60,625$1,318,418
14$85,059$56,930$1,233,360
15$88,921$53,068$1,144,439
16$92,958$49,031$1,051,481
17$97,179$44,810$954,302
18$101,591$40,398$852,711
19$106,204$35,785$746,507
20$111,026$30,963$635,481
21$116,067$25,922$519,414
22$121,337$20,652$398,077
23$126,846$15,143$271,231
24$132,605$9,384$138,626
25$138,626$3,363$0

At the end of your 5-year term

Total paid over the term
$709,946
Principal paid down
$261,468
Interest paid
$448,477
Balance remaining
$1,878,532

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$5,250/mo
$63,000Gross annual rent
1.7%Cap rate after taxes and upkeep

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 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.

2.4%
Gross yield
− Property tax $10,206− Insurance $1,400− Vacancy & upkeep $6,930Net operating income $44,464

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PREMIER THE OP TEAM. MLS®/PropTx.

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