$998,000 - 118 Wascana Road, Vaughan
Townhouse for Sale in Vaughan
Neighbourhood: Elder Mills
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- MLS Number
- N13783554
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 22
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Vaughan
- Taxes (2025)
- $5,671
- Listing Brokerage
- KW Living Realty
Luxury meets lifestyle in this executive corner townhome in Urban Green by Pine Valley Estates. Offering 2,178 sqft - the largest model in the community - this residence delivers the space of a detached home with the convenience of modern townhouse living. Designed for today's lifestyle, the home features 4 spacious bedrooms, 4 bathrooms, soaring 10-foot ceilings on the main level, oversized windows that flood the interior with natural light, and an open-concept layout ideal for both everyday living and entertaining. The chef-inspired kitchen showcases premium finishes, quartz countertops, a large centre island, and seamless flow into the expansive living and dining spaces. The private primary retreat offers a walk-in closet and a spa-inspired ensuite, while the additional bedrooms provide exceptional flexibility for families, guests, or work-from-home professionals. Enjoy the added privacy and curb appeal of a premium corner lot, complete with a built-in garage, private driveway, and rough-in for an electric vehicle charger. Nestled in one of Vaughan's most sought-after new communities, you are moments from top-rated schools, parks, trails, shopping, dining, and major highways, offering the perfect balance of peaceful suburban living and urban convenience. A rare opportunity to own and enjoy one of the largest and most desirable townhome models in the community.
Estimate your monthly payments for this property
Estimated Payment
$5,120.26/mo
Includes CMHC insurance ($27,844)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Elder Mills
Elder Mills is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Elder Mills
- •Convenient location in Vaughan
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Elder Mills offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
118 Wascana Road, Vaughan
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $499/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 22 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Vaughan have shown strong appreciation as families seek more space.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Vaughan. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Elder Mills
I know Elder Mills well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.