196 Wallace Street, Vaughan

Price: $1,399,900

6 bedrooms, 6 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: N13816760

*WOW*Truly A One-Of-A-Kind & Exceptionally Rare Home Nestled On An Exclusive Dead-End Street Across From The Humber River!*Set On A Premium 250-Ft Deep Lot Offering Unparalleled Privacy & Tranquility!*Beautifully Renovated Top To Bottom Inside & Out With Exceptional Attention To Detail & Quality!*Fantastic Curb Appeal With Modern Finishes, Lavish Landscaping, Charming Enclosed Porch, Expansive Driveway With Parking For Up To 8 Cars & Separate Guest Accommodations!*Over 3,200 Sq Ft Of Beautifully Designed Living Space Featuring An Open-Concept Eclectic Design, Inviting Family Room With Focal Wall & Electric Linear Fireplace, Hardwood Floors, Smooth Ceilings, Pot Lights & Wrought Iron Pickets*Gorgeous Gourmet Chef's Kitchen With Quartz Waterfall Counters & Backsplash, Stainless Steel Appliances, Gas Countertop Range, Built-In Wall Oven, Valance Lighting & Breakfast Bar, Seamlessly Flowing Into The Spacious Dining Room With Built-In Shelving, Bay Windows & Double Patio Doors Walking Out To A Massive Sundeck Perfect For Summer Dinners & Entertaining!*The Luxurious Primary Retreat Features A Spa-Inspired Ensuite With An Oversized Glass Shower, Floating Vanity, Waterfall Counter & Built-In Bench*All 3 Bedrooms Feature Their Own Private Ensuites!*Professionally Finished Basement Apartment With Separate Entrance, Recreation Room, Kitchen, 2 Bedrooms & 3-Pc Bath*The Garage Has Been Transformed Into An Incredible Theatre Room Perfect For Movie Nights, Sports & Games... Plus A 1-Bedroom Guest Suite With 3-Pc Bath!*Step Outside To Your Private Backyard Oasis With Stone Interlocked Patio, Built-In Firepit, Lush Gardens, Ambiance Lighting & Plenty Of Greenspace For Kids To Play*Spectacular Forest & Humber River Views Surrounded By Mature Trees Create Your Own Private Secluded Escape*An Extraordinary Property Where Nature, Privacy, Luxury & Family Come Together To Create A Truly Unique Woodbridge Lifestyle Retreat!*Put This Beauty On Your Must-See List Today!*

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active

$1,399,900 - 196 Wallace Street, Vaughan

Detached for Sale in Vaughan

Neighbourhood: Vaughan Grove

6Beds
6Baths
1,500 - 1,999Sq Ft
Detached

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Property Details
MLS Number
N13816760
Property Type
Detached
Status
active
Days on Site
15
Bedrooms
6
Bathrooms
6
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Vaughan
Taxes (2025)
$5,847
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Description

*WOW*Truly A One-Of-A-Kind & Exceptionally Rare Home Nestled On An Exclusive Dead-End Street Across From The Humber River!*Set On A Premium 250-Ft Deep Lot Offering Unparalleled Privacy & Tranquility!*Beautifully Renovated Top To Bottom Inside & Out With Exceptional Attention To Detail & Quality!*Fantastic Curb Appeal With Modern Finishes, Lavish Landscaping, Charming Enclosed Porch, Expansive Driveway With Parking For Up To 8 Cars & Separate Guest Accommodations!*Over 3,200 Sq Ft Of Beautifully Designed Living Space Featuring An Open-Concept Eclectic Design, Inviting Family Room With Focal Wall & Electric Linear Fireplace, Hardwood Floors, Smooth Ceilings, Pot Lights & Wrought Iron Pickets*Gorgeous Gourmet Chef's Kitchen With Quartz Waterfall Counters & Backsplash, Stainless Steel Appliances, Gas Countertop Range, Built-In Wall Oven, Valance Lighting & Breakfast Bar, Seamlessly Flowing Into The Spacious Dining Room With Built-In Shelving, Bay Windows & Double Patio Doors Walking Out To A Massive Sundeck Perfect For Summer Dinners & Entertaining!*The Luxurious Primary Retreat Features A Spa-Inspired Ensuite With An Oversized Glass Shower, Floating Vanity, Waterfall Counter & Built-In Bench*All 3 Bedrooms Feature Their Own Private Ensuites!*Professionally Finished Basement Apartment With Separate Entrance, Recreation Room, Kitchen, 2 Bedrooms & 3-Pc Bath*The Garage Has Been Transformed Into An Incredible Theatre Room Perfect For Movie Nights, Sports & Games... Plus A 1-Bedroom Guest Suite With 3-Pc Bath!*Step Outside To Your Private Backyard Oasis With Stone Interlocked Patio, Built-In Firepit, Lush Gardens, Ambiance Lighting & Plenty Of Greenspace For Kids To Play*Spectacular Forest & Humber River Views Surrounded By Mature Trees Create Your Own Private Secluded Escape*An Extraordinary Property Where Nature, Privacy, Luxury & Family Come Together To Create A Truly Unique Woodbridge Lifestyle Retreat!*Put This Beauty On Your Must-See List Today!*

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,192.23/mo

$
$
5%20%50%

5-yr fixed avg.

Principal: $1,119,920Interest: $737,749
Mortgage Amount$1,119,920
Total Interest$737,749
Est. Property Tax$992/mo
Total Cost$1,857,669

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: Vaughan Grove

Discover Vaughan Grove

Vaughan Grove 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 Vaughan Grove

  • •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

Vaughan Grove 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

196 Wallace Street, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,000/mo
Range: $3,400 - $4,600
Cap Rate (ROI)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$4,000
Maintenance Fees-$0
Property Tax (est.)-$992
Insurance (est.)-$292
Net Cash Flow+$2,716

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

Fair Market Value

At $933/sqft, this property is priced in line with current Vaughan market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

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.

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 6 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 Vaughan Grove

I know Vaughan Grove 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.

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    196 Wallace Street, Vaughan | $1,399,900 | Battaglia Team