Welcome to 47 Velvet Crescent, this beautiful four-bedroom, three-bathroom, solid brick home has been owned by the same family since it was built in 1987. It has been well-maintained, but requires your personal touch to make it your forever home. Updates include a new roof in 2025 and windows and A/C were replaced in the last couple of years. The upstairs bedrooms are very generous with the main bedroom having an ensuite bath. The basement is unfinished, but has great in-law or teenager potential with tall ceilings and a separate walk-up entrance. Bring your family and your decorating ideas and make this your forever family home. Close to schools, public transportation Highway 7 and 400 for easy commute.
4 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $833 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 47 Velvet Cres
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
6 spacesYes garage
Basement
Unfinished, Walk-Up
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
Unfinished · Walk-Up
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
47 Velvet Cres Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13884636$1,249,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 47 Velvet Cres Compares to the Vaughan Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$6,136
/mo
based on the purchase price of $1,249,000
$249,800 cash
$999,200 financed
$841,589 total interest
Principal54%$999,200
Interest46%$841,589
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Velvet Crescent? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 47 Velvet Cres with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 47 Velvet Cres day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Vaughan
Other 3–5 bed homes for sale in Vaughan around $1.2M.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.7%On average, homes sold below asking.
Active listings1,558Homes for sale here right now.
Median vs prior 90 days+2.5%Compared with Apr 13 – Jul 12, 2026: prices up.
Based on 1,201 sales from Jul 12 – Oct 10, 2026 (799 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
47 Velvet Cres is listed at $1,249,000 (MLS® N13884636). Summitly updates the price as soon as the MLS® record changes.
Is $1,249,000 a good price for 47 Velvet Cres?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Vaughan. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 47 Velvet Cres changed?
No — 47 Velvet Cres is still listed at its original asking price of $1,249,000.
How many bedrooms and bathrooms does 47 Velvet Cres have?
47 Velvet Cres has 4 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Vaughan.
Is 47 Velvet Cres close to transit?
The nearest rapid-transit station is Vaughan Metropolitan Centre Station (Line 1), about 3.4 km in a straight line. Highway 407 Station is about 4.0 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 47 Velvet Cres?
About $6,136 a month — principal and interest on $1,249,000 with 20% down ($249,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 47 Velvet Cres compare with other homes in Vaughan?
Its asking price of $1,249,000 is about 11% above the median sold price in Vaughan over the last 90 days, $1,125,000, across 1,201 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 47 Velvet Cres been sold before?
Summitly has no earlier MLS® sale or lease of 47 Velvet Cres on record from the last two years. Older records aren't shown under TRREB rules.
Where is 47 Velvet Cres?
47 Velvet Cres is in Vaughan, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 47 Velvet Cres been on the market?
1 day — 47 Velvet Cres was listed on October 9, 2026.
What is the price per square foot of 47 Velvet Cres?
About $625 to $833 per square foot: the asking price of $1,249,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 47 Velvet Cres have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
