$1,589,000
Vaughan
8 Hillside Avenue, Vaughan (Concord), Ontario, L4K1X1
This 4-bedroom, 2-bathroom home in Vaughan is for sale offering roughly 1,300 sq ft of space. Its $1,589,000 asking price sits right in line with the $1,589,000 median in Vaughan. It has been on the market 2 days, fresher than the Vaughan average of 65 days.
**RARE INVESTMENT & REDEVELOPMENT OPPORTUNITY IN VAUGHAN'S GROWING CONCORD COMMUNITY!** Discover exceptional potential on this expansive **100 FT x 190 FT lot (approximately 19,000 sq. ft.)**, ideally situated near Highway 7 and Keele Street in one of Vaughan's evolving transit-oriented neighbourhoods. Whether you're an investor, builder, developer, or end-user, this unique property offers an exciting opportunity to **live, rent, hold, or explore future redevelopment possibilities**. The existing detached bungalow features 3+1 bedrooms, 2 bathrooms, a finished walk-out basement with separate entrance, a detached garage, and parking for up to 6 vehicles. Enjoy a private, tree-lined backyard overlooking a picturesque ravine and creek. The property's impressive 100-foot frontage presents an opportunity to investigate potential severance into two approximately 50-foot-frontage parcels, as well as other residential redevelopment options, subject to applicable zoning, environmental constraints, municipal approvals, and buyer verification. Ideally positioned near Vaughan Metropolitan Centre, TTC subway connections, Viva transit, Highway 7, Highway 407, shopping, and major amenities. The surrounding Concord GO Centre area is undergoing significant planning and revitalization, including studies for a potential future GO station. **AN OUTSTANDING OPPORTUNITY TO SECURE A SUBSTANTIAL LANDHOLDING IN ONE OF VAUGHAN'S EVOLVING GROWTH CORRIDORS!** Buyers and their representatives are responsible for verifying all development possibilities and required approvals with the appropriate authorities. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Just listed: 2 days on market, against an average age of 65 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
This 4-bed single family in Vaughan (Concord) has been listed for 2 days, which is 63 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,589,000, about 17.3× the local median household income of $92,000.
Carrying it typically needs a household income of about $310,387 (20% down, 25-yr amortization, stress-tested) — roughly 237% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4K)
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