583 Velmar Dr

FOR SALE
$1,598,800
583 Velmar Dr, Woodbridge
583 Velmar Dr
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4 + 2
BEDROOMS
5
BATHROOMS
1 + 1
KITCHENS
10 + 4
ROOMS
N10423500
MLSID
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Property Description
Weston Downs prestigious and in demand location featuring aprox. 4000 sqft above grade plus aprox. 2000 sqft finished basement apartment for a total of aprox. 6000 sqft of luxury living space. This home has been renovated on main and second floors with new hardwood floors, smooth ceilings, pot lights. crown moldings, new custom kitchen with oversized central island, new bathrooms, primary bedroom features a dream 6 pc ensuit bath with sauna and huge walk-in closets with custom organizers, Circular oak stairs open to basement with iron pickets, smart and functional floor plan, steps to plaza, school, transit, park and more, minutes to 407 and 400 highways, close to subway and Vaughan mills mall.
Extras
b/i fridge/freezer, b/i oven, b/i microwave, b/i dishwasher, b/i gas cooktop,2 washers, dryer, fridge/stove/dw in basement, all elf's, all window coverings, cac, gdo+remotes, garden shed, central vac, separate service stairs to basement.
Nearby Intersections
Property Details
Street
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
59' x 138'
Fronting
West
Taxes
$8,494 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingGround11.65' x 18.04'Hardwood Floor, Crown Moulding, Pot Lights
DiningGround11.98' x 17.22'Hardwood Floor, Crown Moulding, Pot Lights
KitchenGround11.81' x 17.88'Hardwood Floor, Crown Moulding, Pot Lights
BreakfastGround11.81' x 12.47'Hardwood Floor, Centre Island, W/O To Yard
FamilyGround13.62' x 18.54'Hardwood Floor, Gas Fireplace, B/I Shelves
OfficeGround11.81' x 14.44'Hardwood Floor, French Doors, B/I Bookcase
Prim Bdrm2nd17.72' x 18.21'Parquet Floor, 6 Pc Ensuite, W/I Closet
2nd Br2nd11.15' x 12.80'Parquet Floor, 2 Pc Ensuite, Large Closet
3rd Br2nd11.15' x 16.24'Parquet Floor, Large Closet, O/Looks Frontyard
4th BrGround11.32' x 11.98'Parquet Floor, Large Closet, Pot Lights
RecBsmt23.95' x 23.95'Laminate, Gas Fireplace, Above Grade Window
KitchenBsmt7.87' x 11.48'Laminate, Open Concept, Above Grade Window
Woodbridge Market Statistics
Woodbridge Price Trend
583 Velmar Dr is a 4-bedroom 5-bathroom home listed for sale at $1,598,800, which is $19,548 (1.2%) lower than the average sold price of $1,618,348 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in Woodbridge increased by $58,000 (3.7%) compared to the previous 30 day period (September 21 - October 20) and down $136,480 (7.8%) from the same time one year ago.
Inventory Change
There were 188 4-bedroom homes listed in Woodbridge over the last 30 days (October 21 - November 19), which is down 12.6% compared with the previous 30 day period (September 21 - October 20) and up 15.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Woodbridge typically sold ($41,258) (2.5%) below asking price over the last 30 days (October 21 - November 19), which represents a $15,066 decrease compared to the previous 30 day period (September 21 - October 20) and ($50,868) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Woodbridge over the last 30 days (October 21 - November 19) stood at 59.6%, up from 40.0% over the previous 30 days (September 21 - October 20) and up from 40.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Woodbridge stood at 21 days when successfully sold over the last 30 days (October 21 - November 19), compared to 44 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife/Bayview Realty Inc.
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