38 Orion Avenue, Vaughan

$1,099,000
38 Orion Avenue

$1,099,000

New
17d
Semi-Detached 2-Storey

38 Orion Avenue, Vaughan

Total Monthly Obligation $5,223

Beds
3
Baths
4
Park
2
Sqft
1500-2000
DOM
17d
Score
16
Yield
3.9%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Semi-Detached
MLS® Number-N13866730
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-24.61 × 104.99 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Semi-Detached
Age-16-30
Taxes-$4,982.29 (2026)
Parking-3 - Built-In
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP-ADMIRAL REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flex Closing
Neighbourhood-Vellore Village
Title-Residential Freehold

No agent assigned

Discover spacious, renovated interiors & inviting outdoor living at 38 Orion Avenue, a move-in ready semi-detached home offering 1,789 sqft. above grade, 3 bedrooms, 4 bathrooms & parking for 3 in Vaughan's desirable Vellore Village. Hardwood flooring, pot lights & crown moulding extend across the main & second levels, while a generous living room with a gas fireplace offers space for a dining area. The modern renovated kitchen features stainless steel appliances, including a gas stove, ample cabinetry & a ceramic backsplash, with tile flooring continuing into the breakfast nook. A walkout leads to the spacious, fully fenced backyard, where a large deck & gazebo create an ideal setting for relaxing & entertaining. A convenient powder room completes the main level. Upstairs, the primary bedroom offers his-&-hers walk-in closets, large windows & a spa-like 4-piece ensuite with a separate shower, soaker tub, vanity & window. Two additional bedrooms feature large closets & picture windows, with a cathedral ceiling enhancing the front bedroom. A second 3-piece bathroom serves this level. The finished basement provides a versatile recreation room with tile flooring, pot lights & above-grade windows, complemented by a 3-piece bathroom with a frameless glass walk-in shower & a separate laundry room with a sink. Recent updates include a complete roof replacement (2024), air conditioner replacement with a new 2.5-ton indoor coil (2025), & a new furnace & humidifier (2026). The rental hot water tank was replaced in 2023. An alarm system, Nest doorbell & automatic garage door opener add everyday convenience. Enjoy nearby Hillside & Chatfield parks, plus schools including St. Mary of the Angels Catholic School, Glenn Gould PS & Johnny Lombardi PS. Shopping, restaurants, Vaughan Mills, Canada's Wonderland, Reptilia Zoo & Cortellucci Vaughan Hospital are within easy reach, with access to YRT/Viva, connections to Züm & TTC services, & Highway 400 for convenient GTA travel.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$879,200
Land Transfer Taxes$18,455
Legal Fees (Est.)
$
Total cash required for closing$239,755

Total Monthly Obligation

$5,223/mo
Mortgage $4,433
Monthly Loss $4,057
Principal$1,167
Interest$3,267
Property Tax$415
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
7.6%21
10-Year IRR
8.7%
Returns Index
11.8/ 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
$43,032/yr
NOI
$29,247/yr
Net Cash Flow
-$1,996/mo
Cash Margin
-55.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
17.5/ 100

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

Comparables

Properties near 38 Orion Avenue

Time

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