2 Summit Drive, Vaughan, ON

Vellore Village, Vaughan · MLS® N13871982

$1,069,000
For Sale
Listed 12 days agoNo offer date stated
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3Bedrooms
3Bathrooms
1Garage · 3 parking
1500-2000Sq ft

About this home

In short

  • Popular Vellore Village, family neighbourhood in Vaughan.
  • Enjoy your special dinners in the Chef's Gourmet Kitchen w/Quartz backsplash and a Breakfast Bar, Newer Stainless Steel Appliances This home has a wonderful layout...
  • This home features quality Hardwood Flooring on Main & 2nd Floor plus various upgrades throughout.
  • Enjoy a Large Primary Bedroom w/extra large closet + 4pc ensuite bath with a sunken tub and there are 2 additional spacious bedrooms and a total of 3 Bathrooms...
  • Single car garage & driveway for 3 Car Parking EXTRAS Ideal Location: Close To Top-Rated Public and Catholic Schools known for exceptional education > This home is...

Popular Vellore Village, family neighbourhood in Vaughan. This home shows like a Model * it boasts 1,785 sq ft plus 430 sq ft spacious living with a finished recreation room . This Gorgeous Freshly Painted End Unit Freehold Townhouse, please consider that since the garage is only attached to neighbour's garage - it is extremely private. Note GEO Warehouse indicates LINK HOME with no common interior wall on either side of the house. * Experience luxury > 2026 Brand New EcoTech Windows 25 year transferrable warranty. Enjoy your special dinners in the Chef's Gourmet Kitchen w/Quartz backsplash and a Breakfast Bar, * Newer Stainless Steel Appliances* This home has a wonderful layout with separate dining and private living room features a convenient door directly to the patio and to include a fully fenced yard > The perfect private space for evening entertainment. This home features quality Hardwood Flooring on Main & 2nd Floor plus various upgrades throughout. Enjoy a Large Primary Bedroom w/extra large closet + 4pc ensuite bath with a sunken tub and there are 2 additional spacious bedrooms and a total of 3 Bathrooms * Recently Finished Basement and an ideal area as a recreation room or an extremely large 4th bedroom * Roughed in Washroom Special Note: Private corner lot allows complete privacy on the left side of the home and there is no common wall on that side. Single car garage & driveway for 3 Car Parking ** EXTRAS** Ideal Location: Close To Top-Rated Public and Catholic Schools known for exceptional education > This home is near Canada Wonderland, Vaughan Mills Mall, Viva Bus Terminal and easy drive to at Subway at Vaughan Metropolitan Centre. Plus the Maple Go Train takes you right to Downtown Toronto. Steps to all Amenities and living and super close. Easy Access to Hwy 400, Hwy 7 & Hwy 407 > Vaughan is one of the Most Sought-After Neighbourhood in Ontario.

Key facts

Property type
Townhouse, 2-Storey
MLS®
N13871982
Bedrooms
3
Bathrooms
3 (1 half)
Size
1500-2000 sq ft
Lot
37.7 × 101.68 ft
Cross streets
Hwy 400 /Major Mackenzie
Parking
1 garage · 3 parking (attached)
Driveway
Private
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Poured Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,415 / 2025
Days on market
12
Listing brokerage
RE/MAX REALTY ENTERPRISES INC.

Rooms

Primary BedroomSecond4.98 × 4.14 m

hardwood floor · 4 pc ensuite

Bedroom 2Second4.51 × 2.36 m

hardwood floor · closet

RecreationBasement3.39 × 2.95 m

Broadloom

OtherBasement2.34 × 0.97 m
KitchenMain3.65 × 2.65 m

centre island · ceramic floor · ceramic backsplash

Bedroom 3Second4.06 × 2.33 m

hardwood floor · closet

Living RoomMain3.86 × 3.61 m

hardwood floor · w/o to yard

BreakfastMain3.65 × 2.27 m

combined w/kitchen · ceramic floor

Dining RoomMain3.68 × 3.46 m

hardwood floor · open concept · separate room

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

Neighbourhood & location

Vellore Village, Vaughan, ON

CommuteTime from this home to where you spend your day

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Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Maple
$951K
Patterson
$1.15M
East Woodbridge
$989K
Elder Mills
$850K
Kleinburg
$1.05M

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
$4,872/mo
$203KIncome needed
5.3×Price ÷ income
$1,124Weekly cost
$17,855Land 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 $4,872Property tax $451Total carry $5,323

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%
$
%
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)
$4,729per month

Mortgage amount $855,200 · 4.49% over 25 years

$213,800Down payment (20.0%)
$855,200Loan before insurance
$0CMHC premium
$5,180Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,729
Property tax
$451
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,180

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

One-time closing costs

Ontario land transfer tax
$17,855
Estimated closing costs
$17,855

Plus your down payment of $213,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,723/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

$563,364Total interest paid
$1,418,564Total of all payments
Principal $855,200 Interest $563,364
YearPrincipalInterestBalance
1$19,084$37,658$836,116
2$19,951$36,792$816,165
3$20,857$35,886$795,308
4$21,804$34,939$773,504
5$22,794$33,949$750,710
6$23,829$32,914$726,882
7$24,911$31,832$701,971
8$26,042$30,701$675,929
9$27,224$29,519$648,705
10$28,460$28,282$620,245
11$29,752$26,990$590,493
12$31,103$25,639$559,390
13$32,515$24,227$526,874
14$33,992$22,751$492,883
15$35,535$21,207$457,348
16$37,149$19,594$420,199
17$38,835$17,907$381,364
18$40,598$16,144$340,765
19$42,442$14,301$298,324
20$44,369$12,374$253,955
21$46,383$10,359$207,571
22$48,489$8,253$159,082
23$50,691$6,052$108,391
24$52,993$3,750$55,399
25$55,399$1,344$0

At the end of your 5-year term

Total paid over the term
$283,713
Principal paid down
$104,490
Interest paid
$179,223
Balance remaining
$750,710

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.

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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$3,150/mo
$37,800Gross annual rent
2.5%Cap rate after taxes and upkeep

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.

3.5%
Gross yield
− Property tax $5,415− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $26,827

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

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