583 Velmar Drive, Vaughan, ON
Property no longer active
This property was sold on November 22, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of East Woodbridge. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,598,800 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.
- 6 Bedrooms and 5 Bathrooms with 2 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 59.12 x 137.94 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free, Bar Fridge, Built-In Oven
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Weston Downs prestigious and in demand location featuring aprox. 4000 sqft above grade plus aprox. 2000 sqft finished basement apartment for a total of aprox. 6000 sqft of luxury living space. This home has been renovated on main and second floors with new hardwood floors, smooth ceilings, pot lights. crown moldings, new custom kitchen with oversized central island, new bathrooms, primary bedroom features a dream 6 pc ensuit bath with sauna and huge walk-in closets with custom organizers, Circular oak stairs open to basement with iron pickets, smart and functional floor plan, steps to plaza, school, transit, park and more, minutes to 407 and 400 highways, close to subway and Vaughan mills mall.
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Property Summary
This detached home located at 583 Velmar Drive, Vaughan is currently for sale and has been available on SousaSells for 609 days. This property is listed at $1,598,800 with an estimated mortgage of $5,322* per month. It has 6 beds, 5 bathrooms, and is 3500-5000 square feet. 583 Velmar Drive, Vaughan is in the East Woodbridge neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Interior Features
Carpet Free, Bar Fridge, Built-In Oven, In-Law Capability, Sauna
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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 583 Velmar Drive, Vaughan, ON L4L 8H7
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 $1,598,800 in Vaughan, the legal minimum down payment is $319,760 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 $28,451 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 $28,451.
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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.