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New3 days ago

318 Centre Street

Uplands, Vaughan

$3,438,000

Detached|Sidesplit
2 | 6 | 12
About this home

Welcome to 318 Centre Street, Thornhill - a truly distinctive side-split residence showcasing modern architectural design in Vaughan's prestigious Uplands community. Set on an impressive and beautifully manicured 100 x 250 ft lot overlooking Oakbank Pond and surrounded by multi-million-dollar homes, this exceptional property offers a rare combination of architectural character, privacy, and an enviable setting. Designed with entertaining in mind, this one-of-a-kind home features soaring vaulted ceilings, dramatic floor-to-ceiling windows, and an abundance of natural light throughout. Multiple fireplaces create warmth and character, while the expansive layout offers exceptional spaces for hosting family and friends, including a party room, spa, bar, and several walkouts to a covered veranda and terrace. The private primary suite occupies its own level and features a luxurious 8-piece ensuite, a two-sided fireplace, and an exclusive walkout to a peaceful rooftop terrace overlooking the serene waters of Oakbank Pond. The finished, open-concept walkout lower level provides additional living and entertaining space, complementing the home's generous and versatile layout. With its unique architecture, expansive lot, seamless indoor-outdoor flow, and exceptional setting, this home presents tremendous potential for the discerning buyer. The property requires some TLC, with select areas offering opportunities for updating, improvements, or modifications to suit the new owner's personal style and vision. A rare opportunity to restore, customize, and enhance an extraordinary residence in one of Thornhill's most desirable settings, within Vaughan's prestigious Uplands community. Bring your vision and create a truly remarkable home surrounded by multi-million-dollar properties and overlooking the tranquil beauty of Oakbank Pond.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleSidesplit
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$16,412
Lot Size100.1 ft x 250.07 ft
mls© NumberN13723964
Listed ByRE/MAX HALLMARK REALTY LTD.

Listing History

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$17,597
Property tax
$1,368
Heat allowance
$150
Housing costs
$19,115 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $687,600
25-yr amortization

Income needed

$588,000

gross annual household income

Payment at 4%
$14,468 / mo
Cash down
$687,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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