1226 Centre Street, Vaughan

Price: $5,749,000

3 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: N13677542

Attention Developers and Investors: We present to you a rare opportunity to acquire a highly sought-after property, ripe for redevelopment, in the rapidly evolving Thornhill corridor. This expansive 20,000 sqft lot spans 100 feet across Centre St and is ready to unlock its full potential. Situated central to the Greater Toronto Area with Promenade Mall, Hwy 407, Disera-Promenade BRT, Vaughan Metropolitan Centre, Rutherford GO Station, and York University all within a 10-minute radius, this piece of land undoubtedly fits the definition of Prime Real Estate!

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$5,749,000 - 1226 Centre Street, Vaughan

Detached for Sale in Vaughan

Popular Listing

Neighbourhood: Beverley Glen

3Beds
2Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
N13677542
Property Type
Detached
Status
active
Days on Site
9
Bedrooms
3
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Vaughan
Listing Brokerage
HAUSKEY REALTY
Description

Attention Developers and Investors: We present to you a rare opportunity to acquire a highly sought-after property, ripe for redevelopment, in the rapidly evolving Thornhill corridor. This expansive 20,000 sqft lot spans 100 feet across Centre St and is ready to unlock its full potential. Situated central to the Greater Toronto Area with Promenade Mall, Hwy 407, Disera-Promenade BRT, Vaughan Metropolitan Centre, Rutherford GO Station, and York University all within a 10-minute radius, this piece of land undoubtedly fits the definition of Prime Real Estate!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$25,429.77/mo

$
$
5%20%50%

5-yr fixed avg.

Principal: $4,599,200Interest: $3,029,730
Mortgage Amount$4,599,200
Total Interest$3,029,730
Est. Property Tax$4,072/mo
Total Cost$7,628,930

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Beverley Glen

Discover Beverley Glen

Beverley Glen is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Beverley Glen

  • Convenient location in Vaughan
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Beverley Glen offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1226 Centre Street, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
-0.5%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$4,072
Insurance (est.)-$1,198
Net Cash Flow-$2,470

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $3833/sqft, this property is priced above the Vaughan average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Detached Home Advantages

Detached homes in Vaughan are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

About Beverley Glen

I know Beverley Glen well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

Investment Perspective

Looking at this as an investment: Vaughan properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $23,954 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    1226 Centre Street, Vaughan | $5,749,000 | Battaglia Team