121 Highmark Drive, Vaughan, ON
Vellore Village, Vaughan · MLS® N13102708
About this home
In short
- Location, Location, Location.
- 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.
- Finished basement with 2 bedrooms, kitchen, living room & 5pc bath-ideal for extended family/rental income.
- Washer/Dryer condition unknown (as is).
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!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13102708
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 46.62 × 113.34 ft
- Cross streets
- Weston Road / Major Mackenzie Drive W
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Available
- Basement
- Apartment, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster), Stone
- Foundation
- Other, Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,473 / 2025
- Days on market
- 164
- Listing brokerage
- HOMELIFE/PARAMOUNT REALTY
Rooms
tile floor · closet · window
hardwood floor · granite counters · stainless steel appl
hardwood floor · formal rm · formal rm
hardwood floor · pot lights · coffered ceiling(s)
tile floor · closet · window
closet · window · broadloom
semi ensuite · closet · window
hardwood floor · w/o to yard · overlooks family
semi ensuite · closet · window
hardwood floor · pot lights · open concept
hardwood floor · gas fireplace · formal rm
5 pc ensuite · walk-in closet(s) · window
Listed at $1,899,900. Going by how homes in Vellore Village have actually closed against their asking prices (about 97%, 50 local closings in 90 days), the likely sale price is near $1.84M, if it sells. A realistic range is $1.72M to $2.07M.
Independent value check: $1.64M. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $1.53M and $1.71M).
Why $1.64M. The typical detached home sold in Vellore Village over the past year went for about $1.40M (214 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $7,473 a year; the typical home sold here pays about $6,400.
- ▲ Raises itIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,000 to 2,500.
- ▲ Raises it slightly4+2 bedrooms and 5 baths, against 4+1 and 4 typically.
Longer on the market than typical. 164 days on the market against about 38 for homes like it here, and asking 16% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.84M, from 50 recent closings in this pocket.
The market behind the math:
About 2.6 months of inventory: 44 detached homes for sale in the area against 50 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $585/sqft against an area asking average of $559/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
- basement apartment features. A finished 2 bed basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Vellore Village: 56 of the 264 detached leases here lately were basement units, around $1,900 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Vaughan.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 50 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.59M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($585/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 50 comparable homes that sold in Vellore Village over the past two years, from 438 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $618/sqft; this home lists at $585/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Vellore Village: $1.63M in September 2026, up 8% from a year ago, on 207 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.43M | 28 |
| November 2025 | $1.37M | 17 |
| December 2025 | $1.26M | 14 |
| January 2026 | $1.26M | 7 |
| February 2026 | $1.48M | 12 |
| March 2026 | $1.30M | 15 |
| April 2026 | $1.53M | 25 |
| May 2026 | $1.29M | 23 |
| June 2026 | $1.66M | 22 |
| July 2026 | $1.25M | 11 |
| August 2026 | $1.38M | 17 |
| September 2026 | $1.63M | 16 |
Neighbourhood & location
Vellore Village, Vaughan, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Vaughan.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $1,519,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,404
- Property tax
- $623
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,027
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,473
- Estimated closing costs
- $34,473
Plus your down payment of $379,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $504,234
- Principal paid down
- $185,706
- Interest paid
- $318,528
- Balance remaining
- $1,334,214
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Vellore Village (56 of 264 recent detached leases were basement units, around $1,900 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,900 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 80 whole-home leases in Vellore Village signed at a median of $4,628 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,988. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE/PARAMOUNT REALTY. MLS®/PropTx.