$524,900 - 70 Cumberland Lane Unit 309, Ajax
Condo for Sale in Ajax
140 days on market- MLS Number
- E12661046
- Property Type
- Condo
- Status
- active
- Days on Site
- 140
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Ajax
- Locker
- Exclusive
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- THE NOOK REALTY INC.
Welcome to The Breakers, located in desirable Ajax by the Lake! This bright, spacious 2 bedroom, 2 bathroom 1179 sq ft corner unit features generously sized rooms, an open-concept layout, large balcony, and floor to ceiling wrap-around windows in the main living space for an abundance of natural light! Primary bedroom features a 4pc ensuite and His & Hers closets. No need to clear off the car with the convenience of underground parking. Large storage locker located in the lower level of the building. This quiet and established building has all the amenities you could want or need, offering resort-like living by including an indoor pool, sauna, hot tub, gym, games room and more. **EXTRAS** Lakeside trails and parks at your doorstep, and minutes to shopping, groceries and the hospital. **All inclusive style living: gas, water, high speed internet, premium cable, incredible amenities, building insurance ALL included in maintenance fee!**. SEE THE VIRTUAL TOUR FOR VIDEO WALK THROUGH OF THE UNIT AND SURROUNDING AREA! Quiet building in a premium location!
Estimate your monthly payments for this property
Estimated Payment
$2,693.01/mo
Includes CMHC insurance ($14,645)
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.
70 Cumberland Lane Unit 309, 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 $525/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 140 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.
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 $2,187 (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.