$1,468,800 - 5 Southam Street, Ajax
Detached for Sale in Ajax
34 days on market- MLS Number
- E13120738
- Property Type
- Detached
- Status
- active
- Days on Site
- 34
- Bedrooms
- 8
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Ajax
- Listing Brokerage
- LOYALTY REAL ESTATE
Welcome to 5 Southam Street - a stunning modern detached home in one of Ajax's most sought-after family-friendly neighborhoods. This beautifully upgraded 2-storey and loft residence offers exceptional value with premium finishes throughout, including pot lights on the main floor, 9 Ft Ceiling, smooth ceilings, hardwood flooring throughout, quartz countertops, two chef-inspired pantries, and a spectacular island kitchen perfect for entertaining and everyday living. Featuring 5 spacious bedrooms and a functional open-concept layout, this sun-filled home is enhanced by oversized windows that create a bright and inviting atmosphere throughout. The luxurious primary retreat boasts a walk-in closet and spa-like 5-piece ensuite. Adding incredible versatility and income potential is the city-approved legal 3-bedroom basement apartment with a separate entrance, Engross windows, Kitchen complete with quartz countertops and its own stainless appliances. THIS PROPETY OFFERS LEGAL BASEMENT! All three basement bedrooms include walk-in closets, making it ideal for extended family or rental income opportunities. The basement is fully insulated with Rockwool insulation in the ceilings and walls, plus DMX insulation beneath the flooring for enhanced comfort, soundproofing, and energy efficiency. Step outside to a large privately fenced backyard perfect for entertaining and family gatherings. Enjoy the convenience of a no-sidewalk driveway and attached 2-car garage offering ample parking. Additional upgrades include newer shingles completed in 2022.Located in an exceptional community with great schools and friendly neighbours, this home is minutes from Durham Centre featuring Costco, Walmart, Canadian Tire, Home Depot, Home Sense, restaurants, movie theatre, and quick access to Highways 401 & 412. Enjoy the added benefit of a horse racing track within walking distance. Rarely offered and move-in ready - this is the one you've been waiting for. Welcome home.
Estimate your monthly payments for this property
Estimated Payment
$6,497.00/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 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
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.
5 Southam Street, Ajax
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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 $490/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 34 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.
Detached Home Advantages
Detached homes in Ajax 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.
Excellent Flexibility
With 8 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 Ajax.
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.