31 Thornbank Road, Vaughan

Price: $10,388,000

7 bedrooms, 10 bathrooms

5,000+ sqft

Property Type: Detached

MLS#: N12290358

This sprawling, classically designed mansion has a gated front entrance to a circular courtyard with formal gardens with over 10,000 Sq-ft liveable area combined "Lower & upper levels" and lot size of 100 ft X 302 Ft, back to the Prestigious"Thornhill Golf Club" Professionally Interior Designed & Furnished - 6+1 Bedrooms,10 Washrooms- Showcasing A Grand Cathedral Foyer, Magestic Archways And 11 Ft & 10 Ft Ceilings with Elevator, Multiple Walk-Outs To Terraces & Enclosed- Veranda Overlook The Backyard Retreat & Swimming Pool Oasis, professional landscaping, heated driveway and surrounding wrought iron fencing with an entrance gate, Kitchen highlights include a hardwood floor, granite counters, a large centre island/breakfast bar with an integrated sink, a pantry, pot lights, a detailed decorative ceiling, custom backsplash, high-end stainless steel appliances, a built-in desk, arched windows, and a sliding door walkout to a covered patio. Off the kitchen is a covered outdoor loggia in Italian with a wood-burning fireplace. The living room features a hardwood floor, crown moulding, a wood-burning fireplace with detailed plaster surround, a ceiling medallion and chandelier, and two arched double garden-door walkouts. In the dining room, highlights include a hardwood floor, crown moulding, a chandelier and two arched windows. The office features rich wood walls, a coffered wood ceiling, wall sconces, floor-to-ceiling built-in shelves, and two double-door walkouts to the front. The backyard has a covered patio, an inground pool, a three-piece bathroom, a cabana, an inground hot tub, a large lanai with a wood-burning fireplace, an outdoor kitchen with stainless steel appliances and a dining area, fountains, gardens, a potting shed, and lawn space. The lower level wine room, a 700-bottle wine cellar, features cabinetry, counter space, exposed brick walls and ceiling, a tile floor, a games room and a sound-proof movie theatre.3 car garage and 12 parking spaces.

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$10,388,000 - 31 Thornbank Road, Vaughan

Detached for Sale in Vaughan

158 days on market
7Beds
10Baths
5,000+Sq Ft
Detached
Property Details
MLS Number
N12290358
Property Type
Detached
Status
active
Days on Site
158
Bedrooms
7
Bathrooms
10
Square Feet
5,000+ sqft
Neighbourhood
Vaughan
Listing Brokerage
RE/MAX REALTRON BARRY COHEN HOMES INC.
Description

This sprawling, classically designed mansion has a gated front entrance to a circular courtyard with formal gardens with over 10,000 Sq-ft liveable area combined "Lower & upper levels" and lot size of 100 ft X 302 Ft, back to the Prestigious"Thornhill Golf Club" Professionally Interior Designed & Furnished - 6+1 Bedrooms,10 Washrooms- Showcasing A Grand Cathedral Foyer, Magestic Archways And 11 Ft & 10 Ft Ceilings with Elevator, Multiple Walk-Outs To Terraces & Enclosed- Veranda Overlook The Backyard Retreat & Swimming Pool Oasis, professional landscaping, heated driveway and surrounding wrought iron fencing with an entrance gate, Kitchen highlights include a hardwood floor, granite counters, a large centre island/breakfast bar with an integrated sink, a pantry, pot lights, a detailed decorative ceiling, custom backsplash, high-end stainless steel appliances, a built-in desk, arched windows, and a sliding door walkout to a covered patio. Off the kitchen is a covered outdoor loggia in Italian with a wood-burning fireplace. The living room features a hardwood floor, crown moulding, a wood-burning fireplace with detailed plaster surround, a ceiling medallion and chandelier, and two arched double garden-door walkouts. In the dining room, highlights include a hardwood floor, crown moulding, a chandelier and two arched windows. The office features rich wood walls, a coffered wood ceiling, wall sconces, floor-to-ceiling built-in shelves, and two double-door walkouts to the front. The backyard has a covered patio, an inground pool, a three-piece bathroom, a cabana, an inground hot tub, a large lanai with a wood-burning fireplace, an outdoor kitchen with stainless steel appliances and a dining area, fountains, gardens, a potting shed, and lawn space. The lower level wine room, a 700-bottle wine cellar, features cabinetry, counter space, exposed brick walls and ceiling, a tile floor, a games room and a sound-proof movie theatre.3 car garage and 12 parking spaces.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$45,949.63/mo

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5-yr fixed avg.

Principal: $8,310,400Interest: $5,474,488
Mortgage Amount$8,310,400
Total Interest$5,474,488
Est. Property Tax$7,358/mo
Total Cost$13,784,888

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

Discover Vaughan

Vaughan 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

  • 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 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

31 Thornbank Road, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$6,000/mo
Range: $5,100 - $6,900
Cap Rate (ROI)
-0.4%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$6,000
Maintenance Fees-$0
Property Tax (est.)-$7,358
Insurance (est.)-$2,164
Net Cash Flow-$3,522

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

Premium Pricing

At $2078/sqft, this property is priced above the Vaughan average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Negotiation Opportunity

At 158 days on site, this property has exceeded the typical selling timeline for Vaughan. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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 5,000 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 7 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 10 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.

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    31 Thornbank Road, Vaughan | $10,388,000 | Battaglia Team