$1,190,000 - 389 Elyse Court, Aurora
Townhouse for Sale in Aurora
50 days on market- MLS Number
- N13040050
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 50
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Aurora
- Listing Brokerage
- KW Living Realty
Freehold Townhouse, Close to 3,000 sq ft living space. Well maintained, Move in Condition. under 10 yrs. Spacious. Basement newly finished (2024).4 bedrm + Open library on 2nd fl. One office in bsmt (office can be 5th bedrm). Main fl 10 ft smooth ceil, Elegant Wall Moulding. 2nd fl 9 ft ceil. Pot lights thru-out main & bsmt. Open Concept Kitchen w/ upgrade cabinets, Stainless Steel appliances, Spacious island. Granite counters, backsplash. Double Front Entrance doors. Main fl includes convenient Laundry RM & Direct garage access. Huge master bedrm w/ 2 W/I closets & 5-pc ensuite Boasts Spa-like glass shower & freestanding Tub. Quartz counters thru-out 2nd fl bathrm. 2nd bedrm w/ walk-out to balcony. No sidewalk; Interlock Front. Parks 3 cars. Water softener, HRV & Finished Cold room: Great for practical storage. Whole house multi location storage. Ideally located minutes to Hwy 404, Aurora GO Station, Southlake Regional Hospital, vibrant shopping on Bayview Ave, parks & nature escapes. Top ranking schools: Dr. G.W. Williams SS; Aurora HS; Catholic: St. Maximilian.
Estimate your monthly payments for this property
Estimated Payment
$5,263.77/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.
389 Elyse Court, 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 $595/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 50 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Aurora have shown strong appreciation as families seek more space.
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 $4,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.