72 Velmar Dr
East Woodbridge, Woodbridge, L4L 8W4
FOR SALE
$1,774,900
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3 + 1
BEDROOMS5
BATHROOMS1 + 2
KITCHENS7 + 6
ROOMSN8240252
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Property Description
Incredible Value On This Beautifully Maintained Bungalow on An Oversized Lot In Highly Sought After Weston Downs! This Home Has Nearly 4000 Sq Ft Of Finished Space, Manicured Grounds And Stunning Curb Appeal. The Main Floor Offers A Spacious, Open Layout With Grand Foyer, Extra Wide Hallways, And 10 FOOT Ceilings. The Large Open Concept Living/Dining Flows Beautifully Into The Updated Eat-In Kitchen With Quartz Counters And Stainless Steel Appliances. Three Large Bedrooms (Including A Primary With Walk In Closet & Ensuite) 3 Updated Bathrooms And A Laundry/Mudroom Round Out The Main Floor. This is Also The Perfect Home For Multi-Generational Families Or Those Looking For Income Potential. There is A Separate Entrance To The Lower Level Which is Fully Finished And Features 2 IN-LAW SUITES Both With Their Own Kitchen, Bathroom, And Shared Laundry Facility. The Basement Could Easily Be Converted Back To Single Family Use And Provides A Ton Of Additional Living Space. Outside You Will Find A Huge Deck Perfect For Entertaining And A Fully Fenced Yard With Plenty Of Space For Kids Or Pets. Weston Downs Is The Ideal Location - Siding Onto Velmar DownsPark, Commuter Friendly, Walking Distance To Great Schools, And Close To Every Amenity (Shopping, Grocery, Restaurants). Roof, Furnace And AC Have All Been Updated In The Last Few Years.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-12-01 | 2024-03-31 | 122 | $1,899,900 | - | Expired |
| 2023-12-01 | 2024-03-31 | 122 | $1,899,900 | - | Expired |
| 2023-10-25 | 2023-12-01 | 37 | $1,999,900 | - | Terminated |
| 2023-10-13 | 2023-10-26 | 13 | $2,165,900 | - | Terminated |
Nearby Intersections
Weston & Rutherford (28)
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
2000-2500
Lot Size
61' x 126'
Fronting
West
Taxes
$6,047 (2023)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.24' x 10.99' | |
| Dining | Main | 16.57' x 11.22' | Eat-In Kitchen, Breakfast Area |
| Kitchen | Main | 12.07' x 9.58' | Eat-In Kitchen, Breakfast Area, Combined W/Kitchen |
| Kitchen | Main | 11.38' x 11.32' | |
| 2nd Br | Main | 11.91' x 16.83' | Ensuite Bath |
| 3rd Br | Main | 9.91' x 13.48' | |
| Foyer | Main | 6.07' x 32.64' | |
| Living | Lower | 10.56' x 11.22' | |
| Kitchen | Lower | 17.98' x 10.14' | |
| Kitchen | Lower | 12.40' x 17.32' |
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Woodbridge Market Statistics
Woodbridge Price Trend
72 Velmar Dr is a 3-bedroom 5-bathroom home listed for sale at $1,774,900, which is $442,086 (33.2%) higher than the average sold price of $1,332,814 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 3 bedroom home in Woodbridge declined by $4,297 (0.3%) compared to the previous 30 day period (February 29 - March 29) and down $95,904 (6.7%) from the same time one year ago.Inventory Change
There were 101 3-bedroom homes listed in Woodbridge over the last 30 days (March 30 - April 28), which is up 1.0% compared with the previous 30 day period (February 29 - March 29) and up 65.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Woodbridge typically sold $14,128 (1.1%) above asking price over the last 30 days (March 30 - April 28), which represents a $6,189 decrease compared to the previous 30 day period (February 29 - March 29) and $36,670 less 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 3-bedroom homes in Woodbridge over the last 30 days (March 30 - April 28) stood at 60.4%, up from 57.0% over the previous 30 days (February 29 - March 29) and down from 83.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom home in Woodbridge stood at 12 days when successfully sold over the last 30 days (March 30 - April 28), compared to 46 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Chay Realty
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