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

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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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 441 daysPrice drop · $200,000 off (-13.3%)

    1008 Rainbow Valley Road W

    Rural Springwater·Springwater, ON·L0L 2K0·Near Hwy 27 / Rainbow Valley

    • 59459.79 sqft
    Springwater real estate›S12126451
    • 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

    Imagine a property that isn't just a space but a canvas for your entrepreneurial dreams a versatile gem located in the heart of Springwater on a corner lot with rural residential Rainbow Valley rd on one side and Hwy 27 on the other. This remarkable offering is a 1.36acre property with a detached side split, separate garage, and workshop. The property presents a world of opportunities for the savvy investor or business owner making it stand out in a busy street full of potential customers. The local demographic is kick-back country, focussing on a lifestyle with gardens, pets, plenty of fishing and hunting, offering a wide customer base for a variety of business concepts. Accessibility is a key feature of this property, with ample parking space available and two private entry points to access the property. This ensures that whatever business venture you decide to embark on will be easily reachable for both customers and employees. This property is not just a building; it's a launchpad for your next big venture. With its prime location, flexible space, and commercial potential, it's an investment that promises growth and success. An innovative co-working space, this property provides the perfect backdrop to bring your business dreams to life.

    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
    Jul 20, 2026Price reducedCurrentReduced$1,299,000−$200,000 (13.3%)S12126451This page
    Jul 6, 2026Previously listedNew$750,000 —S13526172View
    Jun 3, 2026Previously listedTer$799,000 —S13232600View
    Apr 22, 2026Previously listedTer$850,000 —S13028720View
    May 6, 2025Previously listedExp$1,299,000 —S12126452View
    May 6, 2025ListedCurrentFor sale$1,499,000 —S12126451This page
    Apr 12, 2024Previously listedExp$1,998,800 —S8227720View
    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.

    📍 1008 Rainbow Valley Road W
    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
    $6,382
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $250
    0.23% mill rate · ON
    The market

    How this home sits in the Springwater market

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

    The Springwater market right now

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

    • Avg sold price
      $1,003,618
      Last 30 days
    • Median sold price
      $882,450
      Middle of the market
    • Days on market
      38 d
      Avg from list to close
    • Closed last 30d
      82
      MLS® transactions
    Full Springwater market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 1008 Rainbow Valley Road W — 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 1008 Rainbow Valley Road W 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 1008 Rainbow Valley Road W listed for?

      1008 Rainbow Valley Road W is listed at $1,299,000 on the MLS® (listing S12126451). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 1008 Rainbow Valley Road W 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. Vacant Land
  2. Asking
    $1,299,000
    $22 / sqft · MLS® S12126451
    Chat Zara
  3. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,003,618
    $923,329Confidence range$1,083,907
    Asking vs estimate
    ↑↑well-above
    +$295,382
    (+29.4%)
    Asking is well above
    Run the affordability numbers

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

    Market analytics

    Homes like this in Springwater sell in about 38 days — this one has been listed 441 days.

    Avg sold price
    $1,003,618
    Median sold
    $882,450
    Avg days on market
    38
    Recently sold
    82
    See comparable sales
  4. This remarkable offering is a 1.36acre property with a detached side split, separate garage, and workshop.
  5. The property presents a world of opportunities for the savvy investor or business owner making it stand out in a busy street full of potential customers.
  6. The local demographic is kick-back country, focussing on a lifestyle with gardens, pets, plenty of fishing and hunting, offering a wide customer base for a variety of business concepts.
  7. Accessibility is a key feature of this property, with ample parking space available and two private entry points to access the property.
  8. Ask Zara a follow-up

    Lot & land

    1
    Zoning
    CH
  9. Listing & possession

    3
    Occupancy
    TBD
    Property style
    Designated
    Property class
    Vacant Land
  10. Combined estimate
    $6,632
    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
    $6,382
    /mo
    based on the purchase price of $1,299,000
    $259,800 cash
    $1,039,200 financed
    $875,279 total interest
    Monthly payment$6,382/ month
    Principal54%$1,039,200
    Interest46%$875,279

    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 Springwater

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

    • 1912 South Orr Lake Road
      Sold
      Sign in for price
      1912 South Orr Lake Road
      Vacant Land
    • 2322 N Orr Lake Road
      Sold
      Sign in for price
      2322 N Orr Lake Road
      Vacant Land
    • 10 Noraline Avenue
      Sold
      Sign in for price
      10 Noraline Avenue
      Vacant Land
    • 508 ANNE Street
      Sold
      Sign in for price
      508 ANNE Street
      Vacant Land
    • 3356 Flos Four Road
      Sold
      Sign in for price
      3356 Flos Four Road
      Vacant Land
    • 9 Houden Street
      Sold
      Sign in for price
      9 Houden Street
      Vacant Land
    AddressBd / BaSqftSold$/sqft% of askSold
    1008 Rainbow Valley Road WThis home0 / 059,459.79$1,299,000ask$22——
    1912 South Orr Lake Road0 / 0——
    2322 N Orr Lake Road0 / 0700—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.
    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.

  11. One team, no handoffs

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

  12. Showings on YOUR schedule

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

  13. Mortgage that closes

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

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

    1008 Rainbow Valley Road W is a 59459.79 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  15. When was 1008 Rainbow Valley Road W built?

    The year built for 1008 Rainbow Valley Road W isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  16. What is the property tax for 1008 Rainbow Valley Road W?

    The 'Property tax' tab in the History section shows the most recent annual tax for 1008 Rainbow Valley Road W plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  17. How much would the monthly mortgage be on 1008 Rainbow Valley Road W?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,299,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  18. Has 1008 Rainbow Valley Road W been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 1008 Rainbow Valley Road W with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  19. What neighbourhood is 1008 Rainbow Valley Road W in?

    1008 Rainbow Valley Road W is in Rural Springwater, Springwater. The 'Neighbourhood' section below links to the live Springwater real estate hub with average sold price, days on market, and current inventory.

  20. Is Springwater a good place to live?

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

  21. 10 Noraline Avenue
    0 / 0
    —
    —
    508 ANNE Street0 / 0——
    3356 Flos Four Road0 / 0——
    9 Houden Street0 / 0——