$580,000 - 70 Lovegrove Lane, Ajax
Condo for Sale in Ajax
52 days on market- MLS Number
- E13029684
- Property Type
- Condo
- Status
- active
- Days on Site
- 52
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Ajax
- Locker
- None
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Location! Location! Location! Perfect For First-Time Buyers, Commuters, Or Downsizers, This Exceptional One-Level Flat Offers Unmatched Convenience With Everything Right At Your Doorstep. Located Just A Few Minutes From The Durham Centre, Residents Enjoy Easy Access To A Neighbourhood Coffee Shop/Bakery, Lifetime Fitness, Costco, Walmart, The Keg, Cineplex, Casino, And More. Quick Access To The Hwy 401 On-Ramp Makes Commuting To Toronto Fast And Effortless.This Beautifully Designed Unit Features A Spacious Open-Concept Layout, Ideal For Entertaining. The Kitchen Offers An Extended Breakfast Bar, Stylish Backsplash, And Stainless-Steel Appliances, All Overlooking A Generous Dining Area. Rich Dark Laminate Flooring Flows Throughout The Home.The Bright Great Room Provides A Welcoming Gathering Space And Walks Out To A Private Terrace, Perfect For Outdoor Enjoyment. The Foyer Offers Convenient Closet Space Upon Entry, Adding Everyday Functionality.The Unit Includes Two Generously Sized Bedrooms. The Primary Bedroom Features A Spacious Walk-In Closet And A Private Ensuite Bathroom With A Full Glass Shower. The Second Bedroom Is Conveniently Located Near A Separate Full Bathroom.Additional Highlights Include Ensuite Laundry With Extra Closet Space, Private Garage Parking With Room For Seasonal Items Or Winter Tires, 9-Ft Smooth Ceilings, A Hot Water Tank Approximately Three Years Old, And Ample Visitor Parking.
Estimate your monthly payments for this property
Estimated Payment
$2,975.70/mo
Includes CMHC insurance ($16,182)
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 Lovegrove 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 $580/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 52 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 $2,417 (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.