197 Rivermill Crescent, Vaughan, ON

$2,375,000
MLS#:N12000249
6 beds
5 baths
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Patterson. Expertly crafted featuring premium stone and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,375,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 6 Bedrooms and 5 Bathrooms
  • Premium 50 x 105.22 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Auto Garage Door Remote, Floor Drain, In-Law Capability
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 197 Rivermill Rd. Located In The Highly Desired Upper Thornhill Estates Community, This Stunning, Monarch Built 4,410 sf+ basement. Detached 2-Story Home Features 5+1 Bedrooms, 5 Bathrooms & 2-Car Garage, Nestled on a Premium 50 x 105 Ft Lot ***Backing Onto Ravine***. 9 Ft Solid Entry Door Opens up to Large Foyer With Soaring 20 ft High Ceilings, Leading You to The Classical Elegance Open Concept Layout, With Ravine Views Throughout! Open Concept Living & Dining Rm (w/Coffered Ceiling), A Butlers Servery Area That Separates The Magnificent Kitchen Featuring Granite C/t, Stone Backsplash, Centre Island, Extended Panty, Over Looking Breakfast And Family Rm W/Gas F/p (as is) and Beautiful Ravine views! Main Floor Formal Library With French Doors! Basement Partially Finished (About 50%) With Large Rec Rm + Wet Bar/Fridge & Large Windows, A full Bedroom w/ Walk In Closet & 3 Pc Ensuite! 5 Generously Sized Bedrooms, All with Direct Bathroom Access, Large Closets/Walk ins and Hardwood Floors T/o! Pot Lights, Smooth Ceilings, Crown Moulding, Double Linen Closet, All Baths Upgraded With Stone C/t, Widended Interlocked Driveway & Backyard Interlocking With Firepit & Gas BBQ Line On Deck, Glass Porch Enclosure W/Natural Stone Flooring!

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Property Summary

This detached home located at 197 Rivermill Crescent, Vaughan is currently for sale and has been available on SousaSells for 496 days. This property is listed at $2,375,000 with an estimated mortgage of $7,905* per month. It has 6 beds, 5 bathrooms, and is unknown square feet. 197 Rivermill Crescent, Vaughan is in the Patterson neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
6
Bathrooms
5
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 28, 2025
Sold price information is available to members only
Listed Date3/4/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStone, Stucco (Plaster)
BasementFinished
Lot Size50 × 105.22 Feet
CountyYork
Annual Tax$10,500
Legal DescriptionLOT 24, PLAN 65M4019, VAUGHAN. S/T EASE FOR ENTRY AS IN YR1108887. S/T EASEMENT FOR ENTRY AS IN YR1328398.

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Ravine

Interior Features

Auto Garage Door Remote, Floor Drain, In-Law Capability

Security Features

Community Features

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Location

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197 Rivermill Crescent, Vaughan, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 197 Rivermill Crescent, Vaughan, ON L6A 0P7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Vaughan.

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Interest Rate4.00%
Down Payment$712,500 (30.0%)
* Minimum Canadian down payment required for this price is $475,000.
Amortization Period30 Years
Estimated Monthly Payment$7,905Based on a loan of $1,662,500 over 30 years.
Purchase Price$2,375,000
Loan Amount$1,662,500
Provincial Land Transfer Tax:$45,850
Total Estimated Closing Taxes:$45,850

About Purchasing a Home in Vaughan, ON

For a property listed at $2,375,000 in Vaughan, the legal minimum down payment is $475,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $45,850 for this transaction. As this listing is in Vaughan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $45,850.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Patterson, Vaughan.

Verified Local Data
City Population323,103
City Median Age40.5 Yrs
City Ownership86% Owners
Avg Area List Price$1,731,529

People & Families

Age Distribution

Household Composition

One-person households
15%
Families with children
52%
Couples without children
28%
Other households
5%

Top Ethnic Origins

Italian35%
Canadian10%
Russian8%
Chinese6%

Local Schools Guide

Elementary Schools

Nellie McClung
Public360 Thomas Cook Avenue, Vaughan, Ontario, L6A 4M1
6.1
Le-Petit-Prince
Public79 Avro Road, Maple, Vaughan, Ontario, L6A 1Y3
7.2

Secondary Schools

No secondary schools data loaded.

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied86%
Rented14%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.