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New5 days ago

532 Melville Avenue

Maple, Vaughan

$1,345,000

Detached|Bungalow-Raised
3 | 3 | 4
About this home

Welcome to 532 Melville Ave, a charming all-brick raised bungalow lovingly maintained and thoughtfully updated throughout. Located in one of Maple's most desirable neighbourhoods, this spacious home offers approximately 2,615 sq. ft. of finished living space with 3+1 bedrooms and 3 bathrooms. The main floor features soaring 9-foot ceilings, gleaming hardwood floors, fresh paint, and an open-concept layout. Spacious kitchen with granite countertops, centre island, and walkout to the deck overlooking the backyard. Three generous bedrooms, including a primary retreat with bow window, walk-in closet, and private ensuite.The fully finished lower level with 10-foot ceilings features a spacious family room with custom built-ins and fireplace, plus a soundproofed nanny/in-law suite with kitchen area, 3-piece bath, and additional bedroom. Extensive storage and a custom garage mezzanine further enhance the home's functionality. Enjoy a private, resort-style backyard featuring beautiful perennials, a gated, heated in-ground pool, and gazebo-perfect for entertaining family and friends. Ideally located across from Mackenzie Glen PS and minutes to Hwy 400, parks, Maple GO Station, and Cortellucci Vaughan Hospital. Major updates include: Roof Shingles (2015), Attic Insulation upgrade (2021), Main Floor Windows (2015), Furnace (2015), A/C (2021), Garage Doors (2018), Front Door (2017), Custom Garage Mezzanine Area (2019)

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. Age16-30
Size1100-1500 sq. ft.
Property Tax$5,986
Lot Size40.11 ft x 139.19 ft
mls© NumberN13827412
Listed ByCENTURY 21 HERITAGE GROUP LTD.

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$6,884
Property tax
$499
Heat allowance
$150
Housing costs
$7,533 / mo

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

Down payment20% · $269,000
25-yr amortization

Income needed

$232,000

gross annual household income

Payment at 4%
$5,660 / mo
Cash down
$269,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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