45 Thurman Road, Vaughan

$1,249,000
45 Thurman Road

$1,249,000

New
38d
Detached2-Storey

45 Thurman Road, Vaughan

Total Monthly Obligation $5,889

Beds
4
Baths
4
Park
2
Sqft
1500-2000
DOM
38d
Score
16
Yield
4.0%
Cash on Cash
-6.2%
Cap Rate
3.3%
5Y IRR
10.7%
10Y IRR
10.8%
Property Type-Detached
MLS® Number-N13788004
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-29.53 × 105 ft
Listed on site-Sep 15, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,716.52 (2026)
Parking-3 - Attached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-BAY STREET GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Immediate
Neighbourhood-Lakeview Estates
Title-Residential Freehold

No agent assigned

Welcome to this bright and spacious 3+1 bedroom detached home in sought-after Thornhill, ideally located near Bathurst & Steeles. The main and second floors have been extensively renovated and freshly painted, featuring new light-toned flooring throughout, a beautifully updated curved staircase with wood treads and black iron pickets, and renovated bathrooms with modern finishes. The oversized kitchen offers a large centre island, abundant cabinetry and pantry storage, stainless steel appliances, and generous workspace for everyday family living and entertaining. The spacious living and dining areas are filled with natural light, while the separate family room features a classic brick wood-burning fireplace and walkout to a large backyard deck.Upstairs are three generously sized bedrooms, including an exceptionally spacious primary bedroom with walk-in closet and renovated ensuite. The finished basement features a separate entrance, additional bedroom, kitchen and 3-piece bathroom, offering excellent flexibility for extended family or potential rental income of approximately $2,000/month.Major improvements include furnace, central air conditioning, water heater and upgraded insulation in 2023, with the roof replaced in 2020. Main-floor stove and dishwasher were replaced in 2024, while both refrigerators and the basement stove were replaced in 2026. Enjoy a fully fenced, mature tree-lined backyard with a large deck and ample private parking.Just a 1-minute walk to Steeles TTC and close to schools, parks, Promenade Mall, grocery stores, restaurants, York University, subway connections and everyday amenities. A move-in-ready family home offering generous space, extensive updates and exceptional versatility in an established Thornhill neighbourhood.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$999,200
Land Transfer Taxes$21,455
Legal Fees (Est.)
$
Total cash required for closing$272,755

Total Monthly Obligation

$5,889/mo
Mortgage $5,038
Monthly Loss $4,564
Principal$1,326
Interest$3,712
Property Tax$476
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
7.9%22
10-Year IRR
8.9%
Returns Index
12.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$49,368/yr
NOI
$34,215/yr
Net Cash Flow
-$2,187/mo
Cash Margin
-53.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo25
Risk Index
16.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 45 Thurman Road

Time

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