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Listed 22 days ago

110 Velmar Drive

East Woodbridge, Vaughan

$1,799,000

Detached|2-Storey
4 | 4 | 9
About this home

Welcome to 110 Velmar Drive, a spacious executive home on a premium corner lot in the prestigious Weston Downs community. A grand double-door entry leads to soaring cathedral ceilings, a striking staircase, and 9-foot ceilings throughout the main floor. Offering approximately 4,034 sq. ft. above grade, this well-designed home features large principal rooms, a main floor den and laundry room, plus service stairs to the expansive unfinished basement with excellent in-law suite potential.The family-sized kitchen showcases granite countertops, a centre island, and a walkout to a large deck overlooking the fully fenced backyard. The oversized primary suite includes a sitting area, his-and-hers closets, and a luxurious 6-piece ensuite. Every bedroom enjoys access to an ensuite bath, while dark-stained parquet flooring runs throughout the home.Complete with a 3-car garage, wide interlocking driveway, and parking for 6 vehicles, this home is ideally located close to Highways 400 & 427, top-rated schools, parks, transit, Vaughan Hospital, Vaughan Mills, The National Golf Club, Kortright Centre, and more. Updates include a newer fence (2019) and furnace, central air, and hot water tank (2020).

Extras

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$9,440
Lot Size71.93 ft x 125.79 ft
mls© NumberN13560554
Listed ByRE/MAX EXPERTS

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$9,208
Property tax
$787
Heat allowance
$150
Housing costs
$10,145 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $359,800
25-yr amortization

Income needed

$312,000

gross annual household income

Payment at 4%
$7,570 / mo
Cash down
$359,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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