$2,340,000 - 5 Phila Lane, Aurora
Detached for Sale in Aurora
73 days on market- MLS Number
- N12960890
- Property Type
- Detached
- Status
- active
- Days on Site
- 73
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Aurora
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Experience refined living in The Monarch by North Star Homes, a newly built 4-bedroom,5-bathroom residence offering approximately 4,700 sq. ft. of sophisticated design and exceptional craftsmanship. Thoughtfully designed with a traditional floor plan, this home showcases 10-foot ceilings on the main level and high-end finishes throughout. The gourmet kitchen impresses with quartz countertops and a stunning view of the lush green space in the backyard - the perfect setting for family gatherings or peaceful mornings. The open-concept basement provides endless possibilities for customization and entertaining, serving as a true extension of your living space. Nestled in one of Aurora's most desirable neighbourhoods, The Monarch offers an ideal blend of privacy and convenience. Enjoy easy access to Highway 404, the Aurora GO Station, and beloved local favourites including Greco's Grocery, Summerhill Market, Locale Restaurant, and Minami Sushi.
Estimate your monthly payments for this property
Estimated Payment
$10,350.61/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.
5 Phila Lane, 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 $780/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 73 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 3,000 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.
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 5 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.