195 Lake Driveway N/A Unit 409, Ajax

Price: $449,500

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: E12902378

Bright and beautifully updated 2-bedroom, 2-bathroom condo in Ajax's sought-after East Hamptons community. Located on the 4th floor, this spacious 906 sq. ft. suite offers a functional layout with tasteful upgrades throughout. The kitchen was refreshed in 2026 with a new fridge, stove, dishwasher, overhead vent, and updated lighting, while new flooring installed throughout in 2026 adds a clean, modern feel. Both bathrooms were also fully renovated in 2026, making this home truly move-in ready. Enjoy the convenience of ensuite laundry, one underground parking space, an owned locker, and two A/C units for added comfort. The private south-facing terrace is the perfect spot to relax outdoors. This well-maintained building offers excellent amenities including an indoor pool, gym/exercise room, elevator, community BBQ area, and visitor parking. Ideally located just steps to the Ajax waterfront, Rotary Park, and scenic walking and biking trails along Lake Ontario, and only minutes to Highway 401, Ajax GO Station, shopping, and everyday conveniences. A fantastic opportunity to own in a well-established lakeside community.

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$449,500 - 195 Lake Driveway N/A Unit 409, Ajax

Condo for Sale in Ajax

85 days on market
2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
E12902378
Property Type
Condo
Status
active
Days on Site
85
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Ajax
Locker
Owned
Exposure
South
Balcony
Terrace
Listing Brokerage
Royal Heritage Realty Ltd.
Description

Bright and beautifully updated 2-bedroom, 2-bathroom condo in Ajax's sought-after East Hamptons community. Located on the 4th floor, this spacious 906 sq. ft. suite offers a functional layout with tasteful upgrades throughout. The kitchen was refreshed in 2026 with a new fridge, stove, dishwasher, overhead vent, and updated lighting, while new flooring installed throughout in 2026 adds a clean, modern feel. Both bathrooms were also fully renovated in 2026, making this home truly move-in ready. Enjoy the convenience of ensuite laundry, one underground parking space, an owned locker, and two A/C units for added comfort. The private south-facing terrace is the perfect spot to relax outdoors. This well-maintained building offers excellent amenities including an indoor pool, gym/exercise room, elevator, community BBQ area, and visitor parking. Ideally located just steps to the Ajax waterfront, Rotary Park, and scenic walking and biking trails along Lake Ontario, and only minutes to Highway 401, Ajax GO Station, shopping, and everyday conveniences. A fantastic opportunity to own in a well-established lakeside community.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,306.17/mo

Includes CMHC insurance ($12,541)

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5-yr fixed avg.

Principal: $404,550Interest: $274,759
Mortgage Amount$417,091
Total Interest$274,759
Est. Property Tax$318/mo
Total Cost$691,850

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: Ajax

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

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

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.

70
Walk Score
Varies
Price Range

195 Lake Driveway N/A Unit 409, Ajax

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$318
Insurance (est.)-$94
Net Cash Flow+$1,283

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

Competitive Pricing

At $499/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.

Negotiation Opportunity

At 85 days on site, this property has exceeded the typical selling timeline for Ajax. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

Efficient Living

At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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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    195 Lake Driveway N/A Unit 409… — $449,500 | Battaglia Team