$520,000 - 191 Lake Driveway N/A Unit 414, Ajax
Condo for Sale in Ajax
44 days on market- MLS Number
- E13062166
- Property Type
- Condo
- Status
- active
- Days on Site
- 44
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Ajax
- Locker
- Exclusive
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP-HERITAGE REALTY INC.
Welcome to Lakeside Condo Living! This spacious 1,099 sq ft "penthouse" corner suite sits on the top floor of the beautifully maintained East Hamptons complex with preferred southwest exposure and picturesque views of Duffins Creek, Discovery Bay, and Lake Ontario. A rare find, this suite offers 3 generous bedrooms, 2 full 4-piece bathrooms, 2 parking spaces (1 underground & 1 surface - surface Parking space only 2 spots away from main entry), and a storage unit on the ground floor. The sun-filled, open-concept living and dining area is perfect for entertaining, complete with a built-in electric fireplace with custom mantel and walkout access to a private balcony. Living area Heating/Air Conditioning unit updated 2021. Bright kitchen with plenty of counter and cabinet space, task lighting, updated backsplash & porcelain flooring. Convenient in-suite laundry adds accessibility and extra storage. Primary Ensuite updated 2021 with Porcelain floors, Tub Surround & Faucet fixtures. Relax and take in serene lakeside views from your corner balcony. This home offers the perfect balance of lifestyle, comfort and convenience! *** East Hamptons Complex Amenities include: Indoor Pool, Tennis & Basketball Courts, Fitness & Party Room, Sauna, Outdoor Gazebo, Picnic & BBQ area, Playgrounds, Visitor Parking and more!*** Prime Location just Steps from incredible Nature Trails along the shores of Lake Ontario with Ajax Waterfront Park, Rotary Park & the Trans Canada Trail each offering countless ways to enjoy the outdoors while taking in the scenic Lakeside views. Superb location close to Hwy 401, Go Station, Schools, plenty of Shops and Restaurants and New Public Transit Bus Stop just steps from Complex Driveway.
Estimate your monthly payments for this property
Estimated Payment
$2,667.87/mo
Includes CMHC insurance ($14,508)
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 Ajax
Ajax 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 Ajax
- •Convenient location in Ajax
- •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
Ajax 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.
191 Lake Driveway N/A Unit 414, Ajax
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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 $520/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.
Market Position
At 44 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
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.
Investment Perspective
Looking at this as an investment: Ajax properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,167 (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.