240 Velvet Way, Thorold, ON

$698,000
MLS#:X13613340
3 beds
3 baths
1500-2000 sqft
2.0 parking
Residential Freehold
240 Velvet Way, Thorold, ON L2V 0N9

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 560 - Rolling Meadows. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $698,000 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.

  • 3 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 40.55 x 80.01 ft lot
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discover the epitome of modern living in this sophisticated, nearly new corner detached home in Thorold. Showcasing contemporary architecture and meticulous attention to detail, this residence offers an inviting atmosphere throughout its spacious three bedrooms and two and a half bathrooms, ensuring both comfort and privacy for all. The thoughtfully designed layout creates a serene environment, enhanced by refined touches like iron picket railings and elegant hardwood flooring. Step into the bright and welcoming main level, where pot lights illuminate the kitchen, living area, and foyer, infusing each space with warmth. The home features rarely used, sleek stainless steel appliances and a convenient second-floor washer and dryer, blending functionality with style. Other standout features include a one-car garage, a private parking driveway, a generous unfinished basement-perfect for recreation, storage or future customization. Residents will appreciate seamless commuting with quick access to major highways, as well as the close proximity to upscale shopping centres, fine dining, schools, and recreational amenities. Outdoor enthusiasts will find nearby parks and hiking trails, while entertainment venues, Niagara College, Brock University, and several schools are just moments away. This exceptional Thorold home delivers a harmonious blend of contemporary design and peaceful privacy, making it an ideal sanctuary for modern living.

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Property Summary

This detached home located at 240 Velvet Way, Thorold is currently for sale and has been available on SousaSells for 9 days. This property is listed at $698,000 with an estimated mortgage of $2,323* per month. It has 3 beds, 3 bathrooms, and is 1500-2000 square feet. 240 Velvet Way, Thorold is in the 560 - Rolling Meadows neighborhood.

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 3 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in 560 - Rolling Meadows, Thorold.

Highly Recommended for Families
What We Love About This Home
  • 3 spacious bedroom layout offering versatile living space
  • 3 well-appointed bathrooms
  • 1500-2000 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Families, couples, or downsizers looking for a well-proportioned home in Thorold.

Target Buyer Match

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date7/28/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Vinyl Siding
BasementUnfinished
Lot Size40.55 × 80.01 Feet
CountyNiagara
Annual Tax$5,419.44
Legal DescriptionLot 222, Plan 59M513

Parking & Garage

Parking Total2.0
Parking Space1
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Clear View
  • Hospital
  • School
  • Campground
  • Greenbelt/Conservation

Interior Features

  • Water Heater

Security Features

  • Smoke Detector
  • Heat Detector

Community Features

None listed

Frequently Asked Questions about 240 Velvet Way, Thorold, ON

Q.What is the asking price for 240 Velvet Way, Thorold, ON ?

The current listing price for 240 Velvet Way, Thorold, ON in 560 - Rolling Meadows, Thorold is $698,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 3 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.

Q.What property type and architectural style is 240 Velvet Way, Thorold, ON ?

240 Velvet Way, Thorold, ON is a Detached (2-Storey) featuring a Unfinished basement.

Q.What key property features does 240 Velvet Way, Thorold, ON offer?

Key property features include: Clear View, Hospital, School, Campground, Greenbelt/Conservation.

Q.What interior features are included in this home?

Interior highlights include: Water Heater.

Q.What security features are installed at 240 Velvet Way, Thorold, ON ?

Security features include: Smoke Detector, Heat Detector.

Q.Is parking available at this property?

Yes, this property offers parking space for 2.0 vehicles (Attached).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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240 Velvet Way, Thorold, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 240 Velvet Way, Thorold, ON L2V 0N9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Thorold.

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Interest Rate4.00%
Down Payment$209,400 (30.0%)
* Minimum Canadian down payment required for this price is $44,800.
Amortization Period30 Years
Estimated Monthly Payment$2,323Based on a loan of $488,600 over 30 years.
Purchase Price$698,000
Loan Amount$488,600
Provincial Land Transfer Tax:$10,435
Total Estimated Closing Taxes:$10,435

About Purchasing a Home in Thorold, ON

For a property listed at $698,000 in Thorold, the legal minimum down payment is $44,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $10,435 for this transaction. As this listing is in Thorold (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,435.

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560 - Rolling Meadows, Thorold Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 560 - Rolling Meadows, Thorold.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$726,689

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in 560 - Rolling Meadows, Thorold

Elementary Schools

Ontario
PublicThorold, Ontario
9.1
Richmond Street
Public153 Richmond Street, Thorold, Ontario, L2V 3H3
6.5
Prince of Wales
Public40 Pine Street South, Thorold, Ontario, L2V 3L4
7.0
Westmount
PublicWestmount Avenue, Thorold, Ontario, L2V 2J8
8.9

Secondary Schools

Thorold
Public50 Ormond Street North, Thorold, Ontario, L2V 1Z1
6.8

560 - Rolling Meadows, Thorold Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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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.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.