1331 Major Mackenzie Drive Unit 116, Vaughan

Price: $1,299,000

6 bedrooms, 5 bathrooms

2,250 sqft

Property Type: Condo

MLS#: N13660556

Welcome to one of the largest and most versatile homes in the highly sought-after Mackenzie Terraces community! Offering approximately 3,300 sq. ft. of finished living space, including 2,464 sq. ft. above grade plus an approximately 830 sq. ft. professionally finished walk-out basement, this exceptional end-unit townhome backs onto tranquil greenspace, providing privacy and beautiful natural views. Thoughtfully upgraded throughout, the bright open-concept layout showcases hardwood flooring, elegant pot lights, quartz countertops, stainless steel appliances, wrought iron pickets, multiple walk-outs, and an abundance of natural light. The upgraded kitchen features a gas line, newer gas stove, and over-the-range microwave. The spacious primary suite includes an upgraded walk-in closet, while the laundry room has been enhanced with a custom sink, upgraded faucet, and additional upper and lower cabinetry. Designed for today's lifestyle, the enclosed second-floor den creates the perfect home office or additional bedroom, while the professionally enclosed loft, complete with its own shower, offers exceptional flexibility as a private bedroom, guest suite, or bonus living space. The professionally finished walk-out basement is complete with its own kitchen appliances, bedroom, and living area, making it ideal for extended family, multi-generational living, or additional living space. Ideally situated in one of Vaughan's most desirable neighbourhoods, you're just minutes from top-rated schools, parks, trails, shopping, restaurants, Rutherford GO Station, public transit, and Highways 400 & 407. A rare opportunity to own the largest model in the community, offering exceptional space, premium upgrades, incredible versatility, and an unbeatable location.

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$1,299,000 - 1331 Major Mackenzie Drive Unit 116, Vaughan

Condo for Sale in Vaughan

Popular Listing

Neighbourhood: Patterson

6Beds
5Baths
2,250Sq Ft
Condo
Property Details
MLS Number
N13660556
Property Type
Condo
Status
active
Days on Site
13
Bedrooms
6
Bathrooms
5
Square Feet
2,250 sqft
Neighbourhood
Vaughan
Locker
None
Exposure
North
Balcony
Terrace
Listing Brokerage
INTERCITY REALTY INC.
Description

Welcome to one of the largest and most versatile homes in the highly sought-after Mackenzie Terraces community! Offering approximately 3,300 sq. ft. of finished living space, including 2,464 sq. ft. above grade plus an approximately 830 sq. ft. professionally finished walk-out basement, this exceptional end-unit townhome backs onto tranquil greenspace, providing privacy and beautiful natural views. Thoughtfully upgraded throughout, the bright open-concept layout showcases hardwood flooring, elegant pot lights, quartz countertops, stainless steel appliances, wrought iron pickets, multiple walk-outs, and an abundance of natural light. The upgraded kitchen features a gas line, newer gas stove, and over-the-range microwave. The spacious primary suite includes an upgraded walk-in closet, while the laundry room has been enhanced with a custom sink, upgraded faucet, and additional upper and lower cabinetry. Designed for today's lifestyle, the enclosed second-floor den creates the perfect home office or additional bedroom, while the professionally enclosed loft, complete with its own shower, offers exceptional flexibility as a private bedroom, guest suite, or bonus living space. The professionally finished walk-out basement is complete with its own kitchen appliances, bedroom, and living area, making it ideal for extended family, multi-generational living, or additional living space. Ideally situated in one of Vaughan's most desirable neighbourhoods, you're just minutes from top-rated schools, parks, trails, shopping, restaurants, Rutherford GO Station, public transit, and Highways 400 & 407. A rare opportunity to own the largest model in the community, offering exceptional space, premium upgrades, incredible versatility, and an unbeatable location.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,745.92/mo

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5-yr fixed avg.

Principal: $1,039,200Interest: $684,575
Mortgage Amount$1,039,200
Total Interest$684,575
Est. Property Tax$920/mo
Total Cost$1,723,775

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.

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Neighbourhood Guide: Patterson

Discover Patterson

Patterson 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 Patterson

  • Convenient location in Vaughan
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Patterson 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.

70
Walk Score
Varies
Price Range

1331 Major Mackenzie Drive Unit 116, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,960/mo
Range: $4,216 - $5,704
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$4,960
Maintenance Fees-$1,463
Property Tax (est.)-$920
Insurance (est.)-$271
Net Cash Flow+$2,306

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $577/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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Excellent Flexibility

With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Vaughan.

Bathroom Count Matters

With 5 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 Patterson

I know Patterson 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.

Investment Perspective

Looking at this as an investment: Vaughan properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    1331 Major Mackenzie Drive Unit 116 | $1,299,000 | Battaglia Team