39 Lucas Lane Unit 16, Ajax

Price: $699,000

3 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: E13124786

DON'T MISS THIS GREAT OPPORTUNITY IN AN EXCELLENT LOCATION! Charming detached home featuring 2+1 bedrooms and 2 full washrooms, perfect for first-time buyers, down sizers, or growing families. Enjoy the open-concept kitchen and bright, sun-filled living space designed for comfortable everyday living and entertaining. A beautiful sunroom addition provides enjoyment with plenty of natural light. Nine skylights throughout the kitchen, family room, and living room create a warm and inviting atmosphere that truly sets this home apart.The large finished basement offers incredible flexibility and can be used as an additional bedroom, recreation room, family room, playroom, or in-law suite.Located in a fantastic family-friendly neighbourhood just minutes from the lake, Hwy 401, GO Train, hospital, schools, parks, shopping, and all amenities.A wonderful place to call home!

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$699,000 - 39 Lucas Lane Unit 16, Ajax

Condo for Sale in Ajax

31 days on market
3Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
E13124786
Property Type
Condo
Status
active
Days on Site
31
Bedrooms
3
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Ajax
Locker
None
Exposure
North
Balcony
None
Listing Brokerage
ROYAL LEPAGE VISION REALTY
Description

DON'T MISS THIS GREAT OPPORTUNITY IN AN EXCELLENT LOCATION! Charming detached home featuring 2+1 bedrooms and 2 full washrooms, perfect for first-time buyers, down sizers, or growing families. Enjoy the open-concept kitchen and bright, sun-filled living space designed for comfortable everyday living and entertaining. A beautiful sunroom addition provides enjoyment with plenty of natural light. Nine skylights throughout the kitchen, family room, and living room create a warm and inviting atmosphere that truly sets this home apart.The large finished basement offers incredible flexibility and can be used as an additional bedroom, recreation room, family room, playroom, or in-law suite.Located in a fantastic family-friendly neighbourhood just minutes from the lake, Hwy 401, GO Train, hospital, schools, parks, shopping, and all amenities.A wonderful place to call home!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,586.23/mo

Includes CMHC insurance ($19,502)

$
$
5%10%50%

5-yr fixed avg.

Principal: $629,100Interest: $427,268
Mortgage Amount$648,602
Total Interest$427,268
Est. Property Tax$495/mo
Total Cost$1,075,870

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

39 Lucas Lane Unit 16, Ajax

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
2.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$650
Property Tax (est.)-$495
Insurance (est.)-$146
Net Cash Flow+$1,469

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 $699/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 31 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 $2,913 (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.

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    39 Lucas Lane Unit 16, Ajax — $699,000 | Battaglia Team