388 Vellore Park Avenue, Vaughan

$1,499,000
388 Vellore Park Avenue

$1,499,000

New
2d
Detached2-Storey

388 Vellore Park Avenue, Vaughan

Total Monthly Obligation $7,055

Beds
6
Baths
5
Park
2
Sqft
3000-3500
DOM
2d
Score
18
Yield
4.5%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-N14100686
Beds-6
Bathrooms-5
Size-3000-3500 sqft
Lot Size-39.54 × 112.02 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,597.06 (2026)
Parking-4 - Built-In
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-Vellore Village
Title-Residential Freehold

No agent assigned

Welcome to 388 Vellore Park Avenue in Vaughan's sought-after Vellore Village community! Offering approximately 3,274 sq. ft. above grade, plus a 1298 sq.ft of finished basement, this spacious detached home provides room for everyday family life, entertaining and working from home. The main floor features separate living and family rooms, a cozy fireplace, a private office, and a generous kitchen with extensive cabinetry and a peninsula overlooking the dining area. A walkout leads to the rear patio and fenced backyard with a covered pavilion, perfect for outdoor gatherings. Upstairs, four generously sized bedrooms offer comfort and privacy. The expansive primary retreat features a walk-in closet and a five-piece ensuite with double sinks, a corner tub and a separate shower. A second bedroom enjoys its own four-piece ensuite and walk-in closet, while the third and fourth bedrooms share a convenient Jack-and-Jill bathroom. Upper-floor laundry and an open den complete this thoughtfully designed level. The finished basement features a separate side entrance, two bedrooms, a compact kitchen, living and dining areas, and a bathroom, offering added privacy and flexibility for extended family. An attached double garage adds everyday convenience. Enjoy a well-connected location close to schools, parks, restaurants and everyday shopping, with convenient access to Highway 400, Vaughan Mills and Cortellucci Vaughan Hospital-a welcoming place to call home!Photo disclosure: Some photographs have been digitally decluttered, virtually staged or enhanced using AI. Furnishings and décor shown may differ from the property's current presentation.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$1,199,200
Land Transfer Taxes$26,455
Legal Fees (Est.)
$
Total cash required for closing$327,755

Total Monthly Obligation

$7,055/mo
Mortgage $6,047
Monthly Loss $5,463
Principal$1,591
Interest$4,455
Property Tax$633
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.4%1
5-Year IRR
9.7%34
10-Year IRR
10.3%
Returns Index
18.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$67,560/yr
NOI
$48,707/yr
Net Cash Flow
-$1,988/mo
Cash Margin
-35.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo21
Risk Index
16.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 388 Vellore Park Avenue

Time

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