A pic from exterior of the house or condo, cottage for 228 Lormel Gate, Vaughan Ontario L4H 0C9
40 days on Market

228 Lormel Gate, Vaughan, Ontario L4H 0C9

Detached
3 + 2
5
~1500-2000 sqft
$1,488,888
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Detached
3 + 2
5
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$868/sqft

Est. Mortgage$6,394/mo

Tax Amount (2024)$5,625/yr

Days On Market40 days


Description

Welcome to 228 Lormel Gate in Vaughan, a spacious and well-maintained detached home offering both comfort and investment potential. This property features three generous bedrooms on the main floor, along with 2.5 bathrooms, including a powder room and en-suite options. The bright living room boasts a stunning fireplace, creating a cozy ambiance, and leads to a walk-out deck, perfect for outdoor relaxation and entertaining. The main floor also includes convenient laundry facilities. The fully finished basement offers two additional bedrooms, two dens, and a second laundry room, providing ample space for guests, a home office, or extra storage. With its dual-basement layout, this home presents a fantastic opportunity for passive rental income, making it ideal for investors or first-time homebuyers looking to offset their mortgage. Located in a prime Vaughan neighborhood, close to schools, parks, shopping, and transit, this property combines excellent living space with investment potential. Don't miss out on this incredible opportunity schedule your private showing today!


Property Details

StyleBungalow
View-
Age of property16-30
SqFt~1500-2000 SqFt
Lot Size4,137 SqFt(105.09 x 39.37)
Parking Spaces4
MLS ®NumberN10420919
Community NameVellore Village
Data SourceTRREB
Listing byCENTURY 21 SKYLARK REAL ESTATE LTD.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Finished, Sep Entrance

Main Floor

Living

5.66 x 4.01

Fireplace / Hardwood Floor

Dining

5.65 x 4.03

Window

Prim Bdrm

4.98 x 2.85

5 Pc Ensuite / Hardwood Floor / Window

2nd Br

3.75 x 3.32

Closet / Semi Ensuite


Features

Lot size: 4,137 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 2

Total parking spaces 4


Property listed by CENTURY 21 SKYLARK REAL ESTATE LTD., Brokerage

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Market Data - Vellore Village

Seller's Market

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

35 days

Compared to

2023

36 days

2022

25 days

2021

19 days

New Listings

Past 30 days

63 listings

Compared to

2023

38 listings

2022

31 listings

2021

19 listings

Units sold

Past 30 days

21 units

Compared to

2023

16 units

2022

13 units

2021

24 units

Median Sold Price

Past 30 days

$1,452,000

Compared to

2023

$1,530,000

2022

$1,750,000

2021

$1,725,000


Population and Demographics

Overview

Total population 54141
Average household income $157,768

Age (%)

0 to 19
29%
35 to 49
23%
50 to 64
20%
20 to 34
18%
65 and plus
10%

Household composition (%)

Single family
86%
Single person
9%
Multi family
3%
Multi person
2%

Mother tongue (%)

English
54%
Italian
8%
Urdu
6%
Vietnamese
5%
Mandarin
4%
Spanish
4%
Tamil
2%
Yue (Cantonese)
2%
Russian
2%
Portuguese
1%
Punjabi (Panjabi)
1%
Arabic
1%
Others
1%

House tenancy (%)

Owners
89%
Renters
11%

Schools and amenities

Estimated Budget