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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 38 days

    487 SHOREWAY Drive

    Greely·Greely, ON·K4P 0G3·Near From Old Prescott Road South, to left on Lake Trail Road, to right on Shoreway Drive.

      0
    • Vacant Land
    Greely real estate›X11945205
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Welcome to Lot 37, a rare 3/4-acre gem in the esteemed Lakewood Trails subdivision, where modern living meets natural tranquility. Surrounded by multi-million-dollar homes, this lot offers an exceptional opportunity to build your dream residence in a private and peaceful setting. With no rear neighbours, enjoy unmatched seclusion and serenity, creating the perfect retreat to unwind and relax. Lakewood Trails is more than a neighbourhood, it's a lifestyle. Immerse yourself in the community's remarkable amenities, including scenic walking trails, two serene lakes, and the exclusive Lakewood Residents Club. The club features an inviting outdoor swimming pool, a fitness area, and a welcoming community building for social gatherings. Just steps away, Shadow Ridge Park provides even more green space for outdoor adventures. Conveniently located, this prestigious community is only minutes from shopping, dining, golf courses, and top-rated schools, offering a harmonious blend of luxury and accessibility. Don't miss this rare opportunity to design your dream home in a private, nature-filled oasis. Lot 37 offers the perfect combination of exclusivity, tranquility, and modern convenience. Secure your piece of Lakewood Trails today and start creating the life you've always envisioned!

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jan 29, 2025ListedCurrentFor sale$450,000 —X11945205This page
    Jan 27, 2024Previously listedExp$469,000 —X9420399View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      2
      Water source
      Well
      Sewer
      Septic
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 487 SHOREWAY Drive
    What's nearby

    Points of interest classified by the MLS® feed.

    • Park
    • Lake Access
    • Wooded/Treed
    • Golf
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $2,211
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $111
    0.30% mill rate · ON
    The market

    How this home sits in the Greely market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Greely market right now

    Average sold price, days on market, and closed-transaction count for Greely — sourced from MLS®.

    • Avg sold price
      $1,165,386
      Last 30 days
    • Median sold price
      $1,074,000
      Middle of the market
    • Days on market
      44 d
      Avg from list to close
    • Closed last 30d
      22
      MLS® transactions
    Full Greely market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 487 SHOREWAY Drive — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 487 SHOREWAY Drive and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 487 SHOREWAY Drive listed for?

      487 SHOREWAY Drive is listed at $450,000 on the MLS® (listing X11945205). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 487 SHOREWAY Drive have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. .50-1.99 ac lot
  2. Asking
    $450,000
    MLS® X11945205
    Chat Zara
  3. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,165,386
    $1,072,155Confidence range$1,258,617
    Asking vs estimate
    ↓below
    −$715,386
    (-61.4%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Greely sell in about 44 days — this one has been listed 38 days.

    Avg sold price
    $1,165,386
    Median sold
    $1,074,000
    Avg days on market
    44
    Recently sold
    22
    See comparable sales
    • Welcome to Lot 37, a rare 3/4-acre gem in the esteemed Lakewood Trails subdivision, where modern living meets natural tranquility.
    • Surrounded by multi-million-dollar homes, this lot offers an exceptional opportunity to build your dream residence in a private and peaceful setting.
    • Just steps away, Shadow Ridge Park provides even more green space for outdoor adventures.
    • Lot 37 offers the perfect combination of exclusivity, tranquility, and modern convenience.
    Ask Zara a follow-up

    Exterior & construction

    1
    View
    Trees/Woods
  4. Lot & land

    1
    Zoning
    V1E[617r]
  5. Listing & possession

    3
    Possession
    2025-02-01T00:00:00.000-00:00
    Property style
    Other
    Property class
    Vacant Land
  6. Ravine
  7. Combined estimate
    $2,322
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $2,211
    /mo
    based on the purchase price of $450,000
    $90,000 cash
    $360,000 financed
    $303,214 total interest
    Monthly payment$2,211/ month
    Principal54%$360,000
    Interest46%$303,214

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable vacant lands that just sold in Greely

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 0 Blanchfield Road
      Sold
      Sign in for price
      0 Blanchfield Road
      Vacant Land
    • 1001 Green Jacket Crescent
      Sold
      Sign in for price
      1001 Green Jacket Crescent
      Vacant Land
    • 1440 WATERS EDGE Way
      Sold
      Sign in for price
      1440 WATERS EDGE Way
      Vacant Land
    • 130 LAKE TRAIL Road
      Sold
      Sign in for price
      130 LAKE TRAIL Road
      Vacant Land
    • 2740 SWALE Road
      Sold
      Sign in for price
      2740 SWALE Road
      Vacant Land
    AddressBd / BaSqftSold$/sqft% of askSold
    487 SHOREWAY DriveThis home0 / 0—$450,000ask———
    0 Blanchfield Road0 / 0——
    1001 Green Jacket Crescent0 / 0——
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More vacant lands in Greely

    Active listings within ±20% of this asking price.

    • 527 Shoreway Drive
      $490,000
      527 Shoreway Drive
      Vacant Land
    • 333 Shoreway Drive
      $480,000
      333 Shoreway Drive
      Vacant Land
    • 7101 Mason Street
      $395,000
      7101 Mason Street
      Vacant Land
    • 583 Shoreway Drive
      $499,900
      583 Shoreway Drive
      Vacant Land
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  8. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  9. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  10. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  11. Public listing courtesy of RE/MAX HALLMARK REALTY GROUP · displayed on Summitly per MLS® data-share rules

    487 SHOREWAY Drive is a vacant land at Greely, ON. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  12. When was 487 SHOREWAY Drive built?

    The year built for 487 SHOREWAY Drive isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  13. What is the property tax for 487 SHOREWAY Drive?

    The 'Property tax' tab in the History section shows the most recent annual tax for 487 SHOREWAY Drive plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  14. How much would the monthly mortgage be on 487 SHOREWAY Drive?

    The affordability calculator on this page shows an estimated monthly mortgage for $450,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  15. Has 487 SHOREWAY Drive been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 487 SHOREWAY Drive with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  16. What neighbourhood is 487 SHOREWAY Drive in?

    487 SHOREWAY Drive is in Greely, Greely. The 'Neighbourhood' section below links to the live Greely real estate hub with average sold price, days on market, and current inventory.

  17. Is Greely a good place to live?

    Greely is one of ON's actively-tracked Summitly markets. The full Greely real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  18. 1440 WATERS EDGE Way
    0 / 0
    —
    —
    130 LAKE TRAIL Road0 / 0——
    2740 SWALE Road0 / 0——