228 Lormel Gate, Vaughan, ON
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
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!
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Property Summary
This detached home located at 228 Lormel Gate, Vaughan is currently for sale and has been available on SousaSells for 611 days. This property is listed at $1,488,888 with an estimated mortgage of $4,956* per month. It has 5 beds, 5 bathrooms, and is 1500-2000 square feet. 228 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
Hospital, Level, Park, Place Of Worship, Public Transit, School
Interior Features
Water Heater, Central Vacuum
Security Features
Carbon Monoxide Detectors, Smoke Detector
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 228 Lormel Gate S, Vaughan, ON L4H 0C9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Vaughan.
Configure Loan Settings
About Purchasing a Home in Vaughan, ON
For a property listed at $1,488,888 in Vaughan, the legal minimum down payment is $297,778 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 $26,253 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 $26,253.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Vellore Village, Vaughan.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.