Woodbridge Home with Income Basement Near Hwy 400

Property details for 37 Lime Drive, Vaughan

Type: Residential
Bedrooms: 3
Bathrooms: 4
Lot Size: 54.9 x 113.3 FT ; WIDER AT FRONT
Stories: 2
Basement: Finished, Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $5,429 (2026)

This 3-bed, 4-bath brick house on a 54.9 x 113.3 ft lot just hit the market at $1,259,000, and honestly, the basement apartment is the headline. It's fully finished with its own walk-up entrance and a separate kitchen. Currently rented to a great tenant who wants to stay, so you're getting income from day one. The main floor has parquet flooring throughout, with a living room, dining room, kitchen, and a family room with a fireplace. Upstairs, the primary bedroom is a good size, and there are two more bedrooms. Outside, the concrete patio extends from the side of the house and wraps into the backyard. Plenty of room for a BBQ. The driveway is new, and so are the garage doors. Also new: roof, eavestroughs, furnace, and AC. So no big expenses coming soon. Location is prime, near both 400 and 407, and you're about a 10-minute drive to Vaughan Mills and the subway. Father Bressani Catholic High School is less than a kilometer away. Taxes are $5,429 a year. It's been well cared for, just needs your personal touches. A solid buy for an investor or a family that wants extra space and rental income.

About 37 Lime Drive, Vaughan — Property Score

Great Location Feature Rich

Score: 68/100

Value

Priced 10.1% below area median of $1,399,900 based on 177 comparable properties nearby 85

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

4 bathrooms - typical for similarly priced properties 60

6,220 sqft lot - a generous lot for the area 78

Location

$91K median household income - above the Canadian average of $70K 76

66% of residents hold postsecondary credentials - a highly educated neighbourhood 76

97% homeownership rate - indicating a stable, owner-occupied community 98

54% of residents commute under 30 minutes - good commuting convenience 73

3,542/km² population density - a well-balanced suburban area 95

Market

Just listed - area average is 39 days on market 100

+1.5% median price change over 1 month - stable pricing in the area 58

47.7 months of housing supply - 525 active listings with 11 sold last month (buyer's market) 40

Features

6-car garage - area average is 6.2 spots 95

Finished, Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

2 fireplaces - a desirable feature for Canadian winters 85

No premium extras like pool, waterfront, or view 50

Investment

0.43% effective tax rate ($5,429/yr) - very low tax burden 87

5% renter population - primarily owner-occupied area 36

Quality

Condition

Listing

41 photos provided - 3% more than the area average of 40 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.