140 Lormel Gate, Vaughan, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Vellore Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,895,000 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.
- 5 Bedrooms and 5 Bathrooms with 2 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 40.07 x 105.09 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Bar Fridge
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Step into this beautifully upgraded home that seamlessly blends modern upgrades with timeless style. Located in a desirable neighborhood, this property boasts 4,300 sq ft of living space, offers exceptional comfort, functionality, and contemporary décor with an open-concept design and soaring ceilings. The fully remodeled kitchen features stainless steel appliances, a large island, and quartz countertops. Hardwood floors run throughout the spacious layout, which includes four bedrooms and four bathrooms. The luxurious primary suite offers a spa-like en-suite bathroom renovated in 2023. The professionally finished garage provides polyaspartic flooring and slat wall storage completed in 2024. All new energy-efficient windows and a patio door were installed in 2023. Smart home features include app-controlled permanent Gemstone exterior lighting added in 2024. Enjoy a private backyard with a patio, perfect for relaxing or entertaining guests. The home also boasts a finished basement complete with a kitchen and a three-piece bathroom, offering additional living space and versatility. A new roof was installed in 2022 and comes with a 50-year warranty for peace of mind. The home is on a quiet, family-friendly street with easy access to schools, parks, shopping, and transit. This move-in ready home is packed with thoughtful upgrades and long-term value. Don't miss your chance to own this exceptional property.
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Property Summary
This detached home located at 140 Lormel Gate, Vaughan is currently for sale and has been available on SousaSells for 415 days. This property is listed at $1,895,000 with an estimated mortgage of $6,308* per month. It has 5 beds, 5 bathrooms, and is 2500-3000 square feet. 140 Lormel Gate, Vaughan is in the Vellore Village neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Electric Car Charger, Fenced Yard, Public Transit
Interior Features
Bar Fridge
Security Features
Community Features
Location
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 140 Lormel Gate, Vaughan, ON L4H 0C5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Vaughan, ON
For a property listed at $1,895,000 in Vaughan, the legal minimum down payment is $379,000 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 $34,375 for this transaction. As this listing is in Vaughan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $34,375.
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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.