$2,989,000 - 220 Old Yonge Street, Aurora
Detached for Sale in Aurora
138 days on market- MLS Number
- N12688372
- Property Type
- Detached
- Status
- active
- Days on Site
- 138
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Aurora
- Lot Size
- 1 sqft
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Ideal for professionals wanting a home office! Situated on over an acre within Old Aurora, the Thomas Pargeter house seamlessly blends the past with thoughtful updating. This property offers what feels like rural living and tranquility just seconds from the Yonge Street and St. John's intersection with ample parking along a long driveway. Inside, original details have been meticulously preserved. The spacious principal rooms are ideal for residential or professional purposes. With two lower level rooms having separate entrances, this is the perfect floor plan for a lawyer, accountant, or professional wanting to keep living space and work space apart. Adjacent to the main residence is a fascinating historic bunker. This intriguing 1000 sq ft+ space offers endless possibilities: a private wine cellar, an artist's studio, a secure storage facility, or perhaps a one-of-a-kind entertainment area. A recently built garden barn is perfect for the lawn tractor or summer furniture storage. Metal roof installed in 2024. Smart home ready. Located in a quiet Aurora neighbourhood, you'll enjoy the perfect balance of rural tranquility and urban convenience. Used to have commercial zoning. Many possibilities here.
Estimate your monthly payments for this property
Estimated Payment
$13,221.36/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.
220 Old Yonge Street, 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
Fair Market Value
At $854/sqft, this property is priced in line with current Aurora market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 138 days on site, this property has exceeded the typical selling timeline for Aurora. 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.
Detached Home Advantages
Detached homes in Aurora 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.
Larger Home Realities
At 3,500 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Aurora.
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.