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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 41 days

    1008 Rainbow Valley Road W

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

    • 2 beds
    Springwater real estate›S13028720
    • 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

    Top 5 Reasons You Will Love This Home: 1) Commanding a prime corner position at Rainbow Valley Road and Highway 27, this high-exposure property benefits from steady traffic flow and exceptional visibility, creating an outstanding opportunity to elevate your business presence, complete with the added convenience of a detached double car garage 2) Zoned highway commercial (CH), the property offers remarkable flexibility to accommodate a wide range of permitted uses, including retail, professional offices, service-based businesses, or a live-work setup tailored to your vision 3) Set on an expansive 1.36-acre parcel, the property features multiple structures, including a detached sidesplit home, a separate garage, and a workshop, providing ample space for operations, storage, or future development potential 4) Designed with functionality in mind, the property offers dual private entrances for easy access and flow, along with generous on-site parking to comfortably accommodate staff, clients, and equipment 5) Ideally located just minutes from Highway 400, Horseshoe Valley Resort, and Snow Valley, this strategic setting places you in a high-traffic corridor surrounded by both year-round residents and seasonal visitors, offering strong and consistent demand. 1,396 sq.ft. plus a finished lower level. *Please note some images have been virtually staged to show the potential of the home.

    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 6, 2026Previously listedNew$750,000 —S13526172View
    Jun 3, 2026Previously listedTer$799,000 —S13232600View
    Apr 22, 2026ListedCurrentFor sale$850,000 —S13028720This page
    May 6, 2025Previously listedTer$1,299,000 —S12126451View
    May 6, 2025Previously listedExp$1,299,000 —S12126452View
    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

      4
      Heating
      Radiant
      Air conditioning
      Central Air
      Water source
      Well
      Sewer
    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
    What's nearby

    Points of interest classified by the MLS® feed.

    • School Bus Route
    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
    $4,176
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $528
    0.74% 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
      $1,017,439
      Last 30 days
    • Median sold price
      $889,900
      Middle of the market
    • Days on market
      37 d
      Avg from list to close
    • Closed last 30d
      79
      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 $850,000 on the MLS® (listing S13028720). 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. 2 baths
  2. 1100-1500 sqft
  3. Detached
  4. Built 51-99
  5. .50-1.99 ac lot
  6. Asking
    $850,000
    $0 / sqft · MLS® S13028720
    Chat Zara
  7. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $742,730
    $683,312Confidence range$802,149
    Asking vs estimate
    ↑above
    +$107,270
    (+14.4%)
    Asking is above estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 2 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Springwater sell in about 37 days — this one has been listed 41 days.

    Avg sold price
    $1,017,439
    Median sold
    $889,900
    Avg days on market
    37
    Recently sold
    79
    See comparable sales
    Walk through online
    Listing agent has provided two interactive tours
    Open virtual tourWatch video tour

    Compact 2-bedroom layout — best for individuals, couples, or investors, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

    Ask Zara a follow-up
    Septic
  8. Parking & garage

    4
    Garage
    Detached
    Garage spaces
    2
    Parking spaces
    8
    Driveway
    Available
  9. Interior

    4
    Basement
    Partially Finished, Partial Basement
    Family room
    N
    Kitchens
    1
    Total rooms
    6
  10. Exterior & construction

    4
    Exterior
    Aluminum Siding
    Roof
    Asphalt Shingle
    Foundation
    Block
    Pool
    None
  11. Lot & land

    2
    Year built
    51-99
    Zoning
    CH
  12. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    Sidesplit
    Property class
    Detached
  13. Room-by-room · 8 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    4 rooms
    • Living Room
      large window · open concept
      23.9 × 13.8 ft
    • Den
      Window
      31.7 × 11.5 ft
    • Mud Room
      7.7 × 6.7 ft
    • Kitchen
      window · pot lights · w/o to yard
      16.9 × 14.4 ft

    Upper level

    2 rooms
    • Bedroom
      closet · window
      21.2 × 11.4 ft
    • Bedroom
      closet · window
      17.3 × 11.3 ft

    Lower level

    2 rooms
    • Recreation
      Window
      23.1 × 14.1 ft
    • Laundry
      10.3 × 8.1 ft
    Combined estimate
    $4,704
    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
    $4,176
    /mo
    based on the purchase price of $850,000
    $170,000 cash
    $680,000 financed
    $572,738 total interest
    Monthly payment$4,176/ month
    Principal54%$680,000
    Interest46%$572,738

    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 detacheds that just sold in Springwater

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

    • 2533 Flos 3 Road
      Sold
      Sign in for price
      2533 Flos 3 Road
      Detached
    • 1723 George Johnston Road
      Sold
      Sign in for price
      1723 George Johnston Road
      Detached
    • 12 Idlewood Drive
      Sold
      Sign in for price
      12 Idlewood Drive
      Detached
    • 40 Stone Street
      Sold
      Sign in for price
      40 Stone Street
      Detached
    • 8 Byers Street
      Sold
      Sign in for price
      8 Byers Street
      Detached
    • 95 Calypso Avenue
      Sold
      Sign in for price
      95 Calypso Avenue
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    1008 Rainbow Valley Road WThis home2 / 211,001,500$850,000ask———
    2533 Flos 3 Road2 / 21,100—
    1723 George Johnston Road3 / 21,500—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Springwater

    Active listings within ±20% of this asking price.

    • 11 Spence Avenue
      $999,900
      11 Spence Avenue
      Detached 4 3
    • 4 Sweet Cicely Street
      $949,000
      4 Sweet Cicely Street
      Detached 4 4
    • 1180 St Vincent Street
      $949,900
      1180 St Vincent Street
      Detached 4 4
    • 1202 Sunnidale Road
      $769,000
      1202 Sunnidale Road
      Detached 3 3
    • 3265 Vigo Road
      $849,888
      3265 Vigo Road
      Detached 3 2
    • 23 McFadden Drive
      $799,900
      23 McFadden Drive
      Detached 3 2
    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.

  14. One team, no handoffs

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

  15. Showings on YOUR schedule

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

  16. Mortgage that closes

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

  17. Public listing courtesy of FARIS TEAM REAL ESTATE BROKERAGE · displayed on Summitly per MLS® data-share rules

    1008 Rainbow Valley Road W is a 2-bedroom, 2-bath, 1100-1500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  18. When was 1008 Rainbow Valley Road W built?

    1008 Rainbow Valley Road W was built in 51-99. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  19. 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.

  20. 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 $850,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  21. 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.

  22. 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.

  23. 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.

  24. 12 Idlewood Drive
    3 / 4
    2,000
    —
    40 Stone Street4 / 42,000—
    8 Byers Street3 / 42,000—
    95 Calypso Avenue4 / 32,000—