$715,000 - 7 Torr Lane, Ajax
Condo for Sale in Ajax
67 days on market- MLS Number
- E12963704
- Property Type
- Condo
- Status
- active
- Days on Site
- 67
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,800 sqft
- Neighbourhood
- Ajax
- Locker
- Ensuite
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- PROPERTY.CA INC.
Welcome to one of Ajax's most sought-after communities, perfectly located just minutes from everyday essentials including Costco, Walmart, Home Depot, Starbucks, local restaurants, and the stunning Ajax waterfront along Lake Ontario. This beautiful and well-maintained 3-storey condo townhome offers an impressive 2,214 sq ft of livable space, combining the ease of condo living with the spacious feel of a freehold-style layout. Designed for comfort and functionality, the home features large bedrooms throughout and generous principal rooms, ideal for growing families or multi-generational living. The fully finished basement, complete with a full bathroom (2024), offers versatile additional living space-perfect for guests, extended family, or a recreation area. The thoughtfully designed layout provides great flexibility throughout. Enjoy the convenience of underground parking and maintenance-free living with no snow shovelling in the winter. Outdoor spaces include a refreshed front porch and a private backyard patio, ideal for relaxing or hosting gatherings. Situated close to schools, parks, public transit, and with quick access to Highways 401 and 412, this home delivers exceptional convenience and connectivity. A fantastic turnkey opportunity in a highly desirable, family-friendly community - don't miss your chance to call this one home!
Estimate your monthly payments for this property
Estimated Payment
$3,668.32/mo
Includes CMHC insurance ($19,949)
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.
7 Torr Lane, 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 $397/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 67 days on site, this property has exceeded the typical selling timeline for Ajax. 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.
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.
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 Ajax. 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: Ajax properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,979 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.