8134 Yonge Street, Vaughan, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Uplands. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $54,900,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 330 x 400 ft lot size
- Convenient other garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Attention investors, builders, and developers! A rare 2.65-acre land assembly at the heart of Thornhill along Yonge Street: 8108 & 8134 Yonge St, 6 Thornhill Ave, and 5 & 7 Helen Ave. Spanning two prominent corners in Vaughan's Thornhill community, this site offers exceptional future redevelopment potential given its lot size, configuration, and land use designation for mid-rise, mixed-use, high-density within PMTSA #19.Strategic income + user upside: 8134 Yonge is vacant (ideal for an owner-user), while the 8108 Yonge plaza is ~85% tenanted, and all residential properties are fully leased, generating holding income during planning and entitlements.Unbeatable transit connectivity: located along the YRT bus route, minutes to Highway 407 and Langstaff GO Station, and less than a 5-minute walk to the future Royal Orchard TTC Station once the subway extension is complete.Create your landmark project in the center of Thornhill's growth and transformation.
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Pricing & Value Insights
Data-driven valuation for 8134 Yonge Street, Vaughan, ON L4J 1W4
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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 $54,900,000 in Vaughan, the legal minimum down payment is $10,980,000 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 $1,358,975 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 $1,358,975.
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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.