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Price Change$1,589,000

16 Craigvale Street

Patterson, Vaughan

$1,649,000

Detached|2-Storey
4 | 5 | 6
About this home

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.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age16-30
Size3000-3500 sq. ft.
Property Tax$7,920
Lot Size40.07 ft x 105.09 ft
mls© NumberN13815164
Listed BySUTTON GROUP-ADMIRAL REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,440
Property tax
$660
Heat allowance
$150
Housing costs
$9,250 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $329,800
25-yr amortization

Income needed

$285,000

gross annual household income

Payment at 4%
$6,939 / mo
Cash down
$329,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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