348 Vellore Avenue, Vaughan, ON
Vellore Village, Vaughan · MLS® N13610278
About this home
In short
- Welcome to 348 Vellore Ave.
- Proudly offered by the original owners, this beautifully updated 4-bedroom, 4-bathroom home combines modern style with exceptional functionality.
- The renovated main and upper levels showcase contemporary finishes throughout, including a stunning modern kitchen and beautifully updated bathrooms.
- The fully finished basement features a complete second kitchen, offering excellent flexibility for extended family, guests, or entertaining.
Welcome to 348 Vellore Ave. Proudly offered by the original owners, this beautifully updated 4-bedroom, 4-bathroom home combines modern style with exceptional functionality. The renovated main and upper levels showcase contemporary finishes throughout, including a stunning modern kitchen and beautifully updated bathrooms. Recent upgrades, including the roof and windows, provide added value and peace of mind.The fully finished basement features a complete second kitchen, offering excellent flexibility for extended family, guests, or entertaining. Step outside to a covered backyard entertaining area, perfect for hosting gatherings or relaxing in any season.Ideally located just minutes from major highways and key commuter routes, with schools, parks, shopping, and everyday amenities nearby, this move-in-ready home offers the perfect blend of comfort, convenience, and style. A rare opportunity to own a meticulously maintained home from its original owners.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13610278
- Bedrooms
- 4
- Bathrooms
- 4
- Size
- 2000-2500 sq ft
- Lot
- 36.02 × 109.91 ft
- Cross streets
- Weston/Via Camp/Major Mac
- Parking
- 2 garage · 7 parking (attached)
- Driveway
- Available
- Basement
- Finished, Half
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,169 / 2026
- Days on market
- 84
- Listing brokerage
- PROSPECT REALTY INC.
Rooms
Listed at $1,580,000. 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 $1.53M, if it sells. A realistic range is $1.43M to $1.72M.
Independent value check: $1.33M. Without looking at the asking price, our model values the home itself about 16% below the ask (homes like it typically land between $1.25M and $1.39M).
Why $1.33M. 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 itThe listing presents it as a home to renovate or rebuild.
- ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $6,169 a year; the typical home sold here pays about $6,400.
Longer on the market than typical. 84 days on the market against about 38 for homes like it here, and asking 19% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.53M, from 50 recent closings in this pocket.
The market behind the math:
About 2.1 months of inventory: 35 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 $702/sqft against an area asking average of $629/sqft.
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 $1.32M. Condition and finishes remain an in-person call.
What the listing highlights2 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
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
Based on 50 comparable homes that sold in Vellore Village over the past two years, from 438 closings there.
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $669/sqft; this home lists at $702/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 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 $1,264,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,989
- Property tax
- $514
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,503
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,075
- Estimated closing costs
- $28,075
Plus your down payment of $316,000. 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
- $419,332
- Principal paid down
- $154,437
- Interest paid
- $264,895
- Balance remaining
- $1,109,563
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
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 114 whole-home leases in Vellore Village signed at a median of $3,994 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,055. 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 PROSPECT REALTY INC.. MLS®/PropTx.