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Publicly listedPosted 4 months ago

121 Highmark Drive Vaughan (Vellore Village), Ontario

Highmark Drive, Vaughan (Vellore Village), ON, L4H0J6

Asking Price

$1,899,900

5

Beds

4

Baths

3,115

Sq ft

single-family-detached

Type

Listed on MLS and shown here with a PrivateDeals opportunity analysis. PrivateDeals is not the listing brokerage.

About this property

Location, Location, Location! Minutes to Hwy 400 (Teston Rd), Cortellucci Vaughan Hospital,Canada's Wonderland & Vaughan Mills.Stunning 3,115 Sq Ft upgraded home on a premium corner lot in Vellore Village. Features smoothceilings, 9 ft main floor ceilings, and a main floor den with 12 ft ceiling.Upgraded kitchen with Quartz counters & brand new Electric stove, newer SS appliancesoverlooks open-concept family room. Big windows with lots of natural light. New Hardwoodfloors throughout main & second floors, formal dining, fresh paint & new pot lights. Renovatedprimary en-suite with spa shower, soaker tub & double vanity. New bathrooms, new garage doors.Finished basement with 2 bedrooms, kitchen, living room & 5pc bath-ideal for extended family/rental income. Roof in good condition (inspected). Overlooks a park and has great curbappeal. Washer/Dryer condition unknown (as is).Move-in ready in a prime location! (id:24493) MLS® #N13102708 The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA

Opportunity analysis

Opportunity score

10 / 10

Recommended strategy

Fix & Flip|Rental

Automated estimate generated from listing data. Not a property valuation or investment advice.

Facts and features

Property type

single-family-detached

Status

move-in ready

Square feet

3,115 sq ft

Basement

finished

Separate entrance

No

Business case

Strengths

  • prime location near Hwy 400 and attractions
  • recent renovations and upgrades
  • finished basement for extended family/rental income

Opportunities

  • potential for further renovations to increase value
  • high demand for rentals in the area

Weaknesses

  • unknown conditions of washer/dryer
  • need for regular roof inspections

Threats

  • increasing competition from new developments
  • impact of local economy on rental income

Mortgage calculator

Full calculator

20.0%

0%
20%
50%
100%

Monthly payment (principal + interest)

$10,181

Down payment

$379,980

Mortgage amount

$1,519,920

Rate · amortization

6.5% · 25 yrs

Canadian semi-annual compounding. Add CMHC & land transfer tax →

Cash flow analysis

Full rental analysis

/month

What it would rent for, all units combined

%

= $379,980 · linked to the mortgage calculator

/mo

Est. 1.2% of price a year

/mo

Repairs, condo fees

Monthly cash flow

NET / MOAdd the rent

Enter the rent to see if this home pays for itself.

Rent needed to break even

$12,081/mo

Mortgage (P+I)

−$10,181

Property tax

−$1,900

Asking Price

$1,899,900

Interested in this property?

Get full details, or a cash offer if you're the owner.

Or call (647) 333-0170

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