228 Lormel Gate, Vaughan, ON

$1,488,888
MLS#:N10420919
5 beds
5 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Vellore Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,488,888 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 5 Bathrooms with 3 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 39.37 x 105.09 ft lot
  • Features a ["finished", "separate entrance"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater, Central Vacuum
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

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!

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Key Features

Bedrooms
5
Bathrooms
5
Kitchens
3
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 16, 2025
Sold price information is available to members only
Listed Date11/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size39.37 × 105.09 Feet
CountyYork
Annual Tax$5,625
Legal DescriptionLOT 162, PLAN 65M3898, VAUGHAN.

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Hospital, Level, Park, Place Of Worship, Public Transit, School

Community Features

Location

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228 Lormel Gate, Vaughan, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 228 Lormel Gate S, Vaughan, ON L4H 0C9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$1,191,110.4
Monthly Mortgage$6,921
Property Tax (Est.)$469
Utilities & Maint.$350
Total Monthly Cost$7,740

Strategic Fiscal Clarity

Informed buyers do not make decisions based on list price alone. This analysis ensures your transition to a superior residence is supported by absolute fiscal certainty.

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