$1,649,000 - 16 Craigvale Street, Vaughan
Detached for Sale in Vaughan
Neighbourhood: Patterson
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- MLS Number
- N13815164
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Vaughan
- Lot Size
- 4,209 sqft
- Taxes (2026)
- $7,920
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
A RARE OPPORTUNITY TO OWN A LUXURIOUS FAMILY HOME WITH INCREDIBLE INCOME POTENTIAL & A BACKYARD RETREAT! In today's economy, this property offers the flexibility to make homeownership work for you. Why choose between your dream home and an investment property when you can have both? Welcome to this exceptional, move-in-ready residence in the highly sought-after Patterson community of Vaughan. This spacious home offers the perfect combination of family living, multi-generational flexibility and multiple opportunities to generate additional income. The professionally finished basement features a 2-bedroom apartment-style suite with its own kitchen, full bathroom and separate laundry, ideal for extended family or potential rental income. Step outside to a private backyard oasis featuring a two-tier patio and expansive lawn, perfect for entertaining, family gatherings and sunset dinners. The beautifully upgraded main home features a designer chef's kitchen with quartz countertops, centre island, premium stainless steel appliances and abundant cabinetry. The inviting family room offers a gas fireplace, hardwood floors, pot lights and California shutters, while a private main-floor office provides the perfect work-from-home space. The luxurious primary suite features a walk-in closet and spa-inspired 5-piece ensuite with double vanity and soaker tub. The second bedroom includes a 4-piece ensuite and walk-in closet, while two additional oversized bedrooms share a Jack-and-Jill semi-ensuite. This home offers a UPDATED ROOF (2024) and AC (2019). Whether you're looking to offset your mortgage, accommodate extended family or maximize rental income, this home offers possibilities rarely found in Vaughan. Minutes from top-rated schools, parks, Eagles Nest Golf Club, Cortellucci Vaughan Hospital, Vaughan Mills, Canada's Wonderland, Reptilia, Maple GO Station & YRT transit. LIVE IN IT. RENT IT. SHARE IT. INVEST IN YOUR FUTURE.
Estimate your monthly payments for this property
Estimated Payment
$7,294.08/mo
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 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
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.
16 Craigvale Street, 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 $550/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 15 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.
Detached Home Advantages
Detached homes in Vaughan are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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.