62 Terme Avenue, Vaughan, ON

$1,139,000
MLS#:N9264931
4 beds
4 baths
3.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of Vellore Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,139,000 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.

  • 4 Bedrooms and 4 Bathrooms
  • Premium 30 x 89 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This stunning semi-detached home in a high-demand area features a beautifully upgraded interior. The gourmet kitchen includes extended cabinets with glass doors, a quartz countertop, a custom backsplash, porcelain tiles, and S/S appliances. Walnut-stained hardwood floors run throughout the home, leading to a floating staircase with wrought iron railings. Smooth ceilings have been upgraded throughout.Originally a 4-bedroom model, it has been converted into 3 spacious bedrooms with a custom main floor plan. The second-floor bathroom features an upgraded vanity, new fixtures, and enhanced lighting. The main floor boasts an extra-large kitchen and dining area with a cozy fireplace.The front yard is beautifully landscaped, with an interlocking stone pathway. The garage provides direct access to a fully renovated basement. The backyard is a private retreat with a deck and hot tub.This home is conveniently located near parks, trails, shopping, schools, restaurants, YRT, GO Train, Hwy 400 & 427, Vaughan Mills Mall, Wonderland, and a hospital.

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Property Summary

This detached home located at 62 Terme Avenue, Vaughan is currently for sale and has been available on SousaSells for 694 days. This property is listed at $1,139,000 with an estimated mortgage of $3,791* per month. It has 4 beds, 4 bathrooms, and is unknown square feet. 62 Terme Avenue, Vaughan is in the Vellore Village neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
4
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 4, 2024
Sold price information is available to members only
Listed Date8/21/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size30 × 89 Feet
CountyYork
Annual Tax$4,968.08
Legal DescriptionPart Lot 178 Plan 65M4173 Pt28 65R31819

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Auto Garage Door Remote, Central Vacuum

Security Features

Community Features

Location

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62 Terme Avenue, Vaughan, 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 62 Terme Avenue, Vaughan, ON L4H 0R7

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.

Market Trend
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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$341,700 (30.0%)
* Minimum Canadian down payment required for this price is $227,800.
Amortization Period30 Years
Estimated Monthly Payment$3,791Based on a loan of $797,300 over 30 years.
Purchase Price$1,139,000
Loan Amount$797,300
Provincial Land Transfer Tax:$19,255
Total Estimated Closing Taxes:$19,255

About Purchasing a Home in Vaughan, ON

For a property listed at $1,139,000 in Vaughan, the legal minimum down payment is $227,800 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 $19,255 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 $19,255.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Vellore Village, Vaughan.

Verified Local Data
City Population323,103
City Median Age40.5 Yrs
City Ownership86% Owners
Avg Area List Price$1,437,427

People & Families

Age Distribution

Household Composition

One-person households
15%
Families with children
52%
Couples without children
28%
Other households
5%

Top Ethnic Origins

Italian35%
Canadian10%
Russian8%
Chinese6%

Local Schools Guide

Elementary Schools

Guardian Angels
Public200 Lawford Road, Vaughan, Ontario, L4H 0Z5
7.7
Pierre Berton
Public470 Via Campanile, Vaughan, Ontario, L4H 0X9
8.2
Glenn Gould
Public675 Vellore Park Avenue, Vaughan, Ontario, L4H 2G1
6.7
St Michael the Archangel
Public161 Via Campanile, Vaughan, Ontario, L4H 3J8
7.1
Le-Petit-Prince
Public79 Avro Road, Maple, Vaughan, Ontario, L6A 1Y3
7.2

Secondary Schools

No secondary schools data loaded.

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied86%
Rented14%

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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.