$700,000 - 31 Elm Street, Ajax
Detached for Sale in Ajax
32 days on marketNeighbourhood: Central
- MLS Number
- E13596868
- Property Type
- Detached
- Status
- active
- Days on Site
- 32
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Ajax
- Listing Brokerage
- MODERN SOLUTION REALTY INC.
Attractive and beautifully renovated, this charming 2+1 bedroom bungalow offers the perfect blend of comfort, style, and opportunity. Featuring a separate entrance to a fully finished basement, it's ideal for multi-generational living or rental income . The bright eat-in kitchen walks out to a maintenance-free deck overlooking a spacious backyard, creating the perfect space for entertaining or relaxing. Thoughtfully updated throughout, this home showcases a stunning custom cedar front porch, gleaming hardwood floors on the main level, new basement tile flooring, elegant crown moulding, a beautifully renovated lower-level bathroom and 2 separate laundry. Enjoy peace of mind with major mechanical updates, including an owned hot water tank (2025) and an owned furnace (2016).Situated in a sought-after family-friendly neighbourhood, you'll love the unbeatable location just minutes from top-rated schools, the hospital, GO Station, Highway 401, shopping, entertainment, and places of worship. Whether you're a first-time buyer, investor, or looking for a home with income potential, this exceptional property offers incredible value and endless possibilities. Don't miss your chance to make it yours!
Estimate your monthly payments for this property
Estimated Payment
$3,591.36/mo
Includes CMHC insurance ($19,530)
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
Central 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
- •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 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.
31 Elm Street, 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
Fair Market Value
At $1000/sqft, this property is priced in line with current Ajax market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 32 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Ajax are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Central
I know Central 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.