Looking to get a new home but tired of searching for affordable opportunities in Toronto? This might be your sign to expand your search and consider Ajax.
Navigating the real estate market as a first-time home buyer is not an easy task, and finding opportunities to get your foot in the door in Toronto without breaking the bank might sometimes get overwhelming.
However, as pointed out by King Realty Co.’s real-estate agent Mya Barnes, stepping out of your comfort zone and looking for a realistic opportunity to join the market might be just the step you need to take.
“It’s really about getting into the market strategically and listening to your realtor and finding an entry point that can have a growing community, and setting yourself up to build equity over time,” Barnes said.
When it comes to finding an entry point, Ajax represents a great opportunity for first time buyers and young families, offering lower prices and more square footage per dollar, while maintaining proximity to Toronto.
“Ajax is kind of like this sweet spot. It’s a lot more affordable than Toronto, but it’s still very connected. You have a really easy commute to Toronto, and there’s super beautiful water trails, there’s a really strong sense of community; if you’re a family, moving to Ajax is great,” Barnes added.
Under $500,000, the city offers great townhouse and apartment opportunities, which can definitely get you into the market, and grant you a chance to upgrade in the future.
“You have to have a little bit of an imagination to see the long-term value. But in the $500,000 market, I would say it’s a bit competitive for the move-in ready [properties]. But if you can see past that and have a little bit of a vision, you honestly will have great equity growth in the future.”
For those who are just getting started, here are five listings under $500,000 to explore in Ajax.
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55 Clover Ridge Dr. W.
Listed for: $499,900
Type: Townhouse
This condo townhouse promises a combination of location, space, and affordability. With three bedrooms, two bathrooms, and a basement, the home offers a versatile space that offers a great opportunity for young families and those looking to get into the market. The unit has gone through some updates over time, including a renovated kitchen and second floor, added living space in the basement and hardwood flooring in the living and dining room. Residents are also steps away from the Ajax Waterfront and Rotary Park, and with close access to schools, local stores, and commuter routes. For more information, head to the listing or its scheduled open house this weekend.
311-45 Cumberland Lane
Listed for: $389,000
Type: Two-bedroom apartment
For just under $390,000, residents in this unit get access to a prime location in the heart of Ajax, just steps away from everyday amenities and the shores of Lake Ontario. The unit itself includes two bedrooms, a walkout private balcony, in-suite laundry, and all-inclusive services, including cable TV, internet, and water. Visit the listing for more.
217–189 Lake Driveway W.
Listed for: $489,900
Type: Three-bedroom, two-bathroom apartment
This generously-spaced apartment offers much more than just a living space for under $500,000. With a bright, open-concept layout, electric fireplace, and east-facing private balcony, the unit is an opportunity for a great living experience. The complex where the apartment is located also features great amenities, including tennis courts, an indoor pool, playground with exercise room, and more. For more information, visit the listing.
409–195 Lake Driveway W.
Listed for: $484,900
Type: Two-bedroom, two-bathroom apartment
This 906-Sqft. unit promises a functional and newly updated layout that’s ready to move in! The kitchen has just been upgraded with new flooring, appliances, ventilation and lighting, which give it that modern feel. Besides two bedrooms, the unit offers several conveniences, including ensuite laundry, an underground parking space, two air conditioning units, a south-facing private balcony, and more. It is located steps away from the waterfront and scenic walking and biking trails near Lake Ontario, as well as Highway 401, Ajax GO Station, and everyday amenities. For more, head to the listing.
PH4–92 Church St.
Listed for: $419,900
Type: Two-bedroom, two-bathroom apartment
Who says you can’t live in a penthouse for less than $450,000? This Ajax unit proves it’s possible! Sunsets are definitely the high point of the day in this unit, which includes an oversized balcony running the full-length of the unit, which provides beautiful east-facing views. The unit is carpet free and has been well-maintained, while the kitchen has been recently updated with a cozy dining area. The condo building also provides great amenities, from an indoor pool to a party and exercise room. Head to the listing for more information.
