47 Velvet Crescent, Vaughan, ON
East Woodbridge, Vaughan · MLS® N13884636
About this home
In short
- Welcome to 47 Velvet Crescent, this beautiful four-bedroom, three-bathroom, solid brick home has been owned by the same family since it was built in 1987.
- Updates include a new roof in 2025 and windows and A/C were replaced in the last couple of years.
- Close to schools, public transportation Highway 7 and 400 for easy commute.
Welcome to 47 Velvet Crescent, this beautiful four-bedroom, three-bathroom, solid brick home has been owned by the same family since it was built in 1987. It has been well-maintained, but requires your personal touch to make it your forever home. Updates include a new roof in 2025 and windows and A/C were replaced in the last couple of years. The upstairs bedrooms are very generous with the main bedroom having an ensuite bath. The basement is unfinished, but has great in-law or teenager potential with tall ceilings and a separate walk-up entrance. Bring your family and your decorating ideas and make this your forever family home. Close to schools, public transportation Highway 7 and 400 for easy commute.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13884636
- Bedrooms
- 4
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 36.09 × 119.75 ft
- Cross streets
- Hwy 7 and Pine Valley Drive
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Unfinished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,267 / 2026
- Days on market
- 9
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
hardwood floor · ensuite bath
eat-in kitchen · w/o to deck
Hardwood Floor
hardwood floor · fireplace
Hardwood Floor
Hardwood Floor
Hardwood Floor
Listed at $1,249,000. Going by how homes in East Woodbridge have actually closed against their asking prices (about 96%, 43 local closings in 90 days), the likely sale price is near $1.20M, if it sells. A realistic range is $1.12M to $1.35M.
Independent value check: $1.12M. Without looking at the asking price, our model values the home itself about 10% below the ask (homes like it typically land between $1.05M and $1.18M).
Why $1.12M. The typical detached home sold in East Woodbridge over the past year went for about $1.39M (109 sales). What sets this one apart:
- ▼ Lowers it stronglyIt is 1,500 to 2,000 sq ft; the typical home sold here is 2,500 to 3,000.
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $5,267 a year; the typical home sold here pays about $6,300.
- ▼ Lowers it slightly4 bedrooms and 3 baths, against 4+1 and 4 typically.
Total price vs nearby homes. Likely closing about $1.20M, from 43 recent closings in this pocket.
The market behind the math:
About 0.8 months of inventory: 11 detached homes for sale in the area against 43 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $714/sqft against an area asking average of $638/sqft.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 43 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.12M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Based on 43 comparable homes that sold in East Woodbridge over the past two years, from 245 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $622/sqft; this home lists at $714/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in East Woodbridge: $1.53M in September 2026, down 4% from a year ago, on 107 closings in 11 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.45M | 9 |
| November 2025 | $1.32M | 11 |
| December 2025 | $1.60M | 6 |
| January 2026 | $1.16M | 7 |
| February 2026 | $1.58M | 6 |
| March 2026 | $1.33M | 12 |
| May 2026 | $1.65M | 9 |
| June 2026 | $1.32M | 11 |
| July 2026 | $1.25M | 9 |
| August 2026 | $1.27M | 16 |
| September 2026 | $1.53M | 11 |
Neighbourhood & location
East Woodbridge, 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 $999,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,525
- Property tax
- $439
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,964
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21,455
- Estimated closing costs
- $21,455
Plus your down payment of $249,800. 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
- $331,485
- Principal paid down
- $122,084
- Interest paid
- $209,401
- Balance remaining
- $877,116
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 19 whole-home leases in East Woodbridge signed at a median of $3,180 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,350. 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 ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.