Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

40 Mersey Street, Vaughan, ON L4H 3N5

4+1 beds · 4 baths · 1 kitchen · 10+1 rooms · 4 parking spaces · 3000-3500 sq ft · Detached
$1,637,108
Property tax
$7,254 / year

A rare opportunity in Kleinburg - this exceptional detached home at 40 Mersey Street offers luxurious living in one of Vaughan's most desirable pockets. Set on a meticulously landscaped lot, this residence blends high-end finishes with elegant design, making it ideal for discerning buyers who value both style and substance. This incredible home has too many upgrades to list... some incl: waffle ceilings and smooth ceilings, upgraded flooring throughout, hot water coil, pot lights, upgraded toilets, gas lines, and a beautiful double sided fireplace!

MLS number
N13663686
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
4
Postal code
L4H 3N5
Photos
50
Laundry
Not in the unit
33days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 5 times.

Sale history is for registered usersSee what this address sold for and when, across all 5 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Lorna Jackson PS6.8 / 10
Elementary · French Immersion · 1-2
YRDSB boundary · approved March 2009
Elder's Mills PS8.1 / 10
Elementary · French Immersion · 3-8
YRDSB boundary · approved March 2009
Tanya Khan PS8.0 / 10
Elementary · Regular Track · JK-8
YRDSB boundary · approved May 2022
Westmount CI8.1 / 10
Secondary · Arts · 9-12
YRDSB boundary
Woodbridge College7.1 / 10
Secondary · French Immersion · 9-12
YRDSB boundary · approved February 2016
Maple HS8.3 / 10
Secondary · International Baccalaureate (IB) · 9-12
YRDSB boundary
Emily Carr SS7.8 / 10
Secondary · Regular Track · 9-12
YRDSB boundary · approved 2002
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

York Region. Published by the York Region District School Board’s planning department, with the date the board approved each boundary shown above. A boundary approved years ago is still the current one until the board redraws it, but the older the date, the more worth confirming.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: YRDSB school locator.

Sources: York Region District School Board planning department.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Pope Francis Catholic Elementary School
York CDSB
Elementary584 m7.2 / 10
72% met the standard
Kleinburg Christian SchoolElementary1.5 kmNot reported
Montessori School of KleinburgElementary1.9 kmNot reported
Kleinburg Public School
York Region DSB
Elementary2.3 km7.8 / 10
78% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Detached houses in Kleinburg243 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$1.62M$2.04M$2.47M20252026this home’s asking price
$1.65Mlatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d16d32d20252026
19dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in kleinburg. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 10,235 people.

$158,000Median household income
93.4%Own their home
78%Detached houses
33.6Median age
38.9%Born outside Canada
38.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35190192 — the few blocks around this address, home to 10,235 people. It describes the area, not this property.

10,235Population
32.9Average age
3.7Household size
$184,200Average household income
$158,000Median household income
93%Own their home
7%Rent
1%Condominiums
39%Born outside Canada
39%University degree
$1,750,000Average home value
5%Low income
36%Not in the labour force
26%Never married
Under $5,000<1%
$5,000 to $9,999<1%
$10,000 to $14,999<1%
$15,000 to $19,999<1%
$20,000 to $24,999<1%
$25,000 to $29,999<1%
$30,000 to $34,999<1%
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9991%
$60,000 to $69,9992%
$70,000 to $79,9992%
$80,000 to $89,9992%
$90,000 to $99,9992%
$100,000 and over43%
$100,000 to $124,9996%
$125,000 to $149,9997%
$150,000 to $199,99912%
$200,000 and over18%

Percentages are of the 4,855 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$327,422 · minimum here is $327,422
$7,248.76per month
Borrowed before insurance$1,309,686
Total borrowed$1,309,686
Interest over 25 years at 4.5%$864,941

If you rented it out

-$7,853.26per month out of pocket
Rent$0.00
Everything it costs to hold$7,853.26
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX REALTY SERVICES INC.. Listing data provided by the Toronto Regional Real Estate Board.