$1,499,000 - 59 Lanewood Drive, Aurora
Detached for Sale in Aurora
47 days on market- MLS Number
- N13068254
- Property Type
- Detached
- Status
- active
- Days on Site
- 47
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Aurora
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Welcome to Aurora's sought-after Hills of St. Andrew neighbourhood-where comfort, space and an active lifestyle come together. Tucked on a quiet street, this beautiful 4+1 bed, 4 bath (2 full, 2 half) home offers over 2,500 sq ft plus a finished basement, providing room for the whole family. Highlights include updated kitchen, washrooms, shingles and main floor hardwood flooring with a bright, open concept design. The heart of the home is the fully renovated gourmet kitchen offering upgraded appliances, Caesarstone countertop and a large breakfast area while flowing seamlessly into the spacious family room, dining room, and walk-out to a backyard deck-perfect for entertaining. A separate living room adds flexibility for quiet moments or a home office. An open & airy staircase leads to the second level, where the primary bedroom offers hardwood floors, a walk-in closet and a 4-pc ensuite. Three additional generously sized bedrooms & a 4-pc bath complete the upper level. The finished basement features a large rec room, a workshop for hobbyists, and a bedroom with a 2-pc ensuite-ideal for guests or extended family-plus a cantina. Enjoy the outdoors where a park sits right across the street with a new children's playground and access to extensive walking/biking trails, while the Town Park & Sheppard's Bush Conservation are just minutes away. Golf lovers will appreciate proximity to St. Andrew's Valley Golf Club & King Valley Golf Club. Families benefit from top-tier education options-prestigious St. Anne's School and St. Andrew's College, Devins Drive PS & Our Lady of Grace CS. Just mins away is a grocery store, spa, café & restaurants. Bring your family out to the Aurora Town Square to enjoy year-round family activities & festivals, while the Aurora Community Centre, library, Hwy 400 & 404 & GO Station are all only a short drive away. Set in a well-established, family-friendly nieghbourhood, this home delivers the perfect balance of nature, convenience and community.
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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.
59 Lanewood Drive, 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 $600/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 47 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.
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.
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 $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.