$2,350,000 - 161 Cranberry Lane, Aurora
Multi-Family for Sale in Aurora
Popular Listing- MLS Number
- N13246598
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 8
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Aurora
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Premium Location...Luxury living in Aurora Highlands with premium finishes in one of Aurora's most coveted neighbourhoods, surrounded by scenic trails & prestigious King's Riding Golf Club.$$$ spend on premium upgrades. Light-filled layout w/soaring 10' ceilings on main floor, offering a grand feel. A formal dining room sets the stage for memorable gatherings, while upgraded hardwood on main floor and cozy carpet on 2nd floor. The chef-inspired kitchen features quartz countertops, Wolf & Sub-Zero appliances, custom cabinetry, oversized island &huge eat-in area and a server. A Huge Deck of the Kitchen. An open-concept Great room with a gas fireplace. Versatile main floor office/library provides a quiet, sophisticated work space ideal for all kinds of professionals. Upstairs are 4 spacious bedrooms. Primary Bedroom boasts oversized sleeping space which can accommodate a living space as well, massive walk in closet, ensuite offers a separate shower and tub with 2 sinks. Separate entrance for the basement can serve as a nanny suite or in-law suite once finished to create privacy and separation. Roughed in for security cameras. Exterior Hot and cold hose bibs.
Estimate your monthly payments for this property
Estimated Payment
$10,394.84/mo
5-yr fixed avg.
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.
Discover Aurora
Aurora 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 Aurora
- •Convenient location in Aurora
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
Aurora 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.
161 Cranberry Lane, Aurora
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $783/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Aurora. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Aurora properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $9,792 (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.