114-1331 Major Mackenzie Drive, Vaughan, ON
Patterson, Vaughan · MLS® N14028474
About this home
In short
- Welcome to this beautifully upgraded executive townhome offering 4 spacious bedrooms, 5 bathrooms, and an exceptional, sun-filled layout designed for modern living.
- Backing onto a tranquil ravine, this home features two large private terraces that provide the perfect space to relax or entertain.
- The interior showcases hardwood flooring, smooth ceilings, granite countertops, elegant moldings, and premium finishes throughout.
- The finished walk-out basement is ideal for extended family, guests, or a nanny suite, complete with a kitchenette, 3-piece ensuite, laundry, and direct access to the...
- A rare opportunity to own a spacious, upgraded townhome in a highly desirable ravine setting.
Welcome to this beautifully upgraded executive townhome offering 4 spacious bedrooms, 5 bathrooms, and an exceptional, sun-filled layout designed for modern living. Backing onto a tranquil ravine, this home features two large private terraces that provide the perfect space to relax or entertain. The interior showcases hardwood flooring, smooth ceilings, granite countertops, elegant moldings, and premium finishes throughout. The stunning third-floor loft-style primary retreat offers a spacious walk-in closet, a luxurious ensuite, and a walk-out to a private terrace. The finished walk-out basement is ideal for extended family, guests, or a nanny suite, complete with a kitchenette, 3-piece ensuite, laundry, and direct access to the backyard patio. A rare opportunity to own a spacious, upgraded townhome in a highly desirable ravine setting.
Key facts
- Property type
- Condo Townhouse, 3-Storey
- MLS®
- N14028474
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (2 half)
- Size
- 2000-2249 sq ft
- Cross streets
- Dufferin/Major Mackenzie
- Parking
- 1 garage · 2 parking (attached)
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone
- Maintenance
- $458/mo
- Exposure
- North
- Property tax
- $5,170 / 2026
- Days on market
- 6
- Listing brokerage
- RE/MAX PREMIER INC.
Rooms
closet · hardwood floor
walk-out · 4 pc bath
2 Pc Bath
hardwood floor · large closet · large window
4 pc ensuite · walk-in closet(s) · hardwood floor
4 Pc Ensuite
hardwood floor · open concept · pantry
combined w/family · fireplace · overlooks ravine
walk-in closet(s) · w/o to terrace · 2 pc bath
Pot Lights
4 Pc Bath
Listed at $1,059,000, about 6% below our estimate of $1.12M (homes like it typically land between $1.04M and $1.18M).
Total price vs nearby homes. Fair value about $1.12M, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $498/sqft against an area asking average of $539/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. In Patterson basements rarely rent out (0 of 11 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Vaughan.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
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 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $956K. 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.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Patterson, so I widened the search to the surrounding area.
Based on 5 homes sold in this building over the past two years, from 8 closings in Patterson.
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 $494/sqft; this home lists at $498/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 condo townhouses in Vaughan: $665K in September 2026, down 6% from a year ago, on 107 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 | $803K | 9 |
| November 2025 | $792K | 11 |
| December 2025 | $775K | 7 |
| January 2026 | $768K | 11 |
| February 2026 | $765K | 8 |
| March 2026 | $615K | 5 |
| April 2026 | $792K | 10 |
| May 2026 | $800K | 10 |
| June 2026 | $770K | 13 |
| July 2026 | $833K | 6 |
| August 2026 | $743K | 10 |
| September 2026 | $665K | 7 |
Neighbourhood & location
Patterson, 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 20, 2026); conventional rates run a little higher.
Mortgage amount $847,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,684
- Property tax
- $431
- Condo / maintenance fees
- $458
- Heating
- $0
- Estimated monthly cost
- $5,573
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,655
- Estimated closing costs
- $17,655
Plus your down payment of $211,800. 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
- $281,059
- Principal paid down
- $103,512
- Interest paid
- $177,547
- Balance remaining
- $743,688
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 5 whole-home leases in Patterson signed at a median of $3,900 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,950. 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 RE/MAX PREMIER INC.. MLS®/PropTx.