$1,999,000 - 10 Lincoln Street, Ajax
Multi-Family for Sale in Ajax
Popular ListingNeighbourhood: Central West
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- E13818006
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 11
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Ajax
- Taxes (2026)
- $7,699
- Listing Brokerage
- Re/Max Hallmark First Group Realty Ltd.
A rare opportunity in the heart of historic Pickering Village - three beautifully renovated individual suites. This exceptional legal triplex offers an incredible combination of space, flexibility and opportunity, making it ideal for multigenerational living, extended family, an owner-occupier with rental income, or those looking for a versatile investment property. Each suite offers a bright, open-concept living space, featuring two generously sized bedrooms and one bathroom. the main floor suite offers convenient ground-level living with a front deck and sliding door access to the large private fenced backyard and spacious deck. All three units have been extensively renovated, while the property also offers 8 parking spaces plus a 2-car garage. Surrounded by the charm of Pickering Village, the property is close to elementary and secondary schools, parks and trails, with easy access to the 401, 407 and GO Transit, as well as the upcoming Durham-Scarborough Bus Rapid Transit (DSBRT) corridor. All three suites will be vacant upon possession, providing exceptional flexibility for multi-generational living, owner-occupancy with rental income, or investment. *Main floor 2 bedroom with w/o to fenced yard - $2,800 plus hydro* *Second floor 2 bedroom $2,600 plus hydro* *Third floor 2 bedroom (temporarily occupied by a friend of the Seller) $2,500 plus hydro = $94,800* -- Expenses: Property Taxes $7,699 (2026) -- Property Insurance $3,030 -- Gas (Tankless heat & hot water) $1,201. -- Hydro $663. (This is for the house meter, apartments have separate meters paid by tenants -- Water/sewer $1,338 -- Snow & grass $2,202 = $16,133.
Estimate your monthly payments for this property
Estimated Payment
$8,842.25/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 Central West
Central West 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 Central West
- •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
Central West 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.
10 Lincoln Street, Ajax
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $666/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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 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 Ajax.
Bathroom Count Matters
With 3 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.
About Central West
I know Central West well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $8,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.