1331 Major Mackenzie Dr 126 is a three-bedroom, four-bathroom condo townhouse unit inside Mackenzie Ridge Terraces, a 142-unit complex in the Patterson community of Vaughan, Ontario.
The unit spans roughly 2,149 square feet, includes two parking spaces, and last sold for $1,020,000 CAD after 28 days on the market above its $999,999 asking price. It gives a useful benchmark for anyone comparing townhouse values in this part of Vaughan.
What Are Mackenzie Ridge Terraces?
Mackenzie Ridge Terraces is the townhome complex where this unit sits. Built by Townwood Homes and completed in 2016, the development backs onto a ravine, which is why several units, including end units, get real green views instead of facing another row of windows. There are 142 units total, and unit sizes across the building range from about 1,800 to 2,500 square feet.
In our experience walking similar Vaughan townhome complexes, ravine-backing lots tend to hold resale interest longer than interior-facing units, simply because the view is not something a future owner can add later. The three-storey layout common across the complex also appeals to buyers moving up from a smaller condo apartment who still want a proper garage and a private outdoor terrace, rather than a shared balcony.
How Much Space Does the Unit Have?
The specific unit at 1331 Major Mackenzie Dr 126 offers about 2,149 square feet across three bedrooms and four bathrooms. That puts it toward the upper-middle of the building’s size range, roomier than the smallest one-bedroom-plus-den layouts but still smaller than the largest four-bedroom-plus units.
Two parking spaces come with the unit, which matters in this part of Vaughan since street parking is limited and most households here own more than one vehicle. A second-floor laundry setup is common across the building’s larger units, saving trips up and down from a basement.
Anyone touring 1331 Major Mackenzie Dr 126 or a similar layout should ask specifically whether the terrace faces the ravine or the parking court, since that single detail shifts resale value more than almost anything else in the unit.
What Did the Unit Sell For?
The sale at 1331 Major Mackenzie Dr 126 closed at $1,020,000 CAD, roughly $20,000 above the original list price of $999,999. It took 28 days from listing to sold status. That timeline lines up with the wider building’s pattern: units in Mackenzie Ridge Terraces typically sell within 21 to 32 days, and several recent sales closed at or slightly above asking.
A quick, above-list sale usually signals more than one interested buyer, though it does not guarantee every future unit will move at the same pace market conditions shift month to month, and a unit backing directly onto the ravine will usually draw more competing offers than one facing the parking court.
How Other Units in the Building Have Priced
- Unit 121: 3 bed, 3 bath, about 1,800–1,999 sq ft, listed near $980,000, with monthly fees close to $458
- Unit 114: 4+1 bed, 5 bath, listed around $1,100,000
- Unit 95: end unit with a ravine setting and higher-end kitchen finishes
- Unit 32 (rental): 3+1 bed, leased at $3,600 per month after roughly six weeks on the market
Smaller three-bedroom units in the building tend to land in the $980,000 to $1,020,000 range, while larger four-bedroom-plus layouts push past $1.1 million, giving buyers a fairly wide entry point depending on family size and budget.
What Are the Maintenance Fees and Ongoing Costs?
Maintenance fees at Mackenzie Ridge Terraces run notably lower than the Vaughan average close to $0.19 per square foot, compared with a citywide average nearer $0.67 per square foot. For a unit this size, that difference adds up meaningfully over a year, often a few hundred dollars in savings compared with a similarly sized unit in a full-service building downtown.
The complex’s amenities are modest by design: visitor parking, indoor parking, and a policy that allows barbecues on private terraces. It is not a full-amenity high-rise, and that is exactly what keeps the fees down. Buyers pricing 1331 Major Mackenzie Dr 126 against a comparable downtown condo should budget for that fee gap when running long-term ownership numbers, since lower monthly fees can offset a slightly higher purchase price over several years.
Is Patterson, Vaughan, a Good Place to Live?
Patterson, sometimes referred to alongside neighbouring Carrville, is a family-oriented pocket of Vaughan with an average household income in the range of $154,000 to $166,000 CAD. Roughly seven in ten residents hold a college or university education, and close to two-thirds of households include children. About half of residents are immigrants, reflecting the broader multicultural makeup of the Greater Toronto Area.
Daily life leans car-dependent. Around 86 percent of residents commute by car, though a York Region Transit stop sits close to the building for those who prefer transit, and Vaughan Metropolitan Centre subway station is roughly a 23-minute drive away. Walkability sits around 5 out of 10 enough for a coffee run or a walk to a nearby restaurant, not enough to skip a car entirely.
What’s Nearby?
- Groceries: a well-known supermarket sits about a 14-minute walk from the building
- Green space: a stormwater pond and a couple of local parks are roughly a 3-minute drive away
- Schools: a nearby academy plus two well-regarded secondary schools within about 4 kilometres
- Dining: a handful of casual restaurants sit within a 6-minute walk, useful on nights nobody wants to cook
Is 1331 Major Mackenzie Dr 126 a Good Investment?
For buyers weighing rental income, comparable units in the building have shown estimated rents near $3,196 per month, with a rental yield around 2.5 percent and typical rental turnover close to 21 days.
That is a fairly liquid rental market; a unit here is unlikely to sit empty for long. That said, one recent reporting period showed roughly a 6 percent dip in property value across the building over 12 months, which is worth factoring in if the purchase is investment-first rather than a home to live in.
Real estate values move in cycles, and a single-year dip does not reliably predict a five- or ten-year trend, but it is not something to wave off either. Anyone treating this as a pure investment should weigh the lower carrying costs against that recent softness before locking in an offer.
FAQ
1331 Major Mackenzie Dr 126 Reviews
No public reviews are on file yet for this Mackenzie Ridge Terraces unit it’s a quiet, well-kept ravine-backing community where residents simply haven’t left feedback online.
1331 Major Mackenzie Dr 126 Rent
This exact unit isn’t currently listed for rent, but comparable units in the building have leased for around $3,600/month, moving fast within about 21 to 41 days.
1331 Major Mackenzie Dr 126 For Sale
Unit 126 isn’t for sale right now; it is already sold but similar 3-bedroom, 4-bathroom units in the complex have recently listed between $980,000 and $1,100,000.
1331 Major Mackenzie Dr 126 Price
The unit last sold for $1,020,000 CAD, closing above its $999,999 asking price after just 28 days on the market a genuinely strong result for its owner.
