$1,869,900 - 78 Wells Street, Aurora
Detached for Sale in Aurora
158 days on market- MLS Number
- N12368822
- Property Type
- Detached
- Status
- active
- Days on Site
- 158
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Aurora
- Listing Brokerage
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Majestic 'Aurora Village' home set up for a single family or extended family in the beautifully appointed self-contained in-law suite, or to provide rental income. This home offers numerous upgrades and 'green' features including a metal roof, heat and hot water on demand, plus a whole-home water filtration system, low-flush toilets and sustainable bamboo and cork flooring. Main floor features a large custom designed eat-in kitchen with centre island and substantial hidden pantry, pocket doors into the large living/dining room with fireplace and windows on three sides providing views of the magnificent pine trees and mature gardens. The family room/den with French doors access to stone patios and garden cottage/studio, and 3 pc bath. Upper level offers a second custom kitchen with laundry, a large primary bedroom/living room with built-in bookcase and fireplace, 3 pc ensuite bath and 2 additional bedrooms with a second 4 pc bath. Lower level offers a huge primary bedroom/family room with fireplace and plenty of built-in closets and storage spaces, stunning 4 pc marble bath and wet room, additional bedroom/study, wine room and dedicated laundry/craft room. Curated perennial gardens surround the home featuring private garden rooms and garden sheds with oodles of storage. Walk a block to the GO train station, library, cultural centre, museum and downtown shops, or cross the street to catch a baseball game or enjoy the playground in heritage Town Park.
Estimate your monthly payments for this property
Estimated Payment
$8,271.20/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 Aurora
Aurora 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 Aurora
- •Convenient location in Aurora
- •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
Aurora 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.
78 Wells Street, Aurora
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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 $935/sqft, this property is priced in line with current Aurora 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.
Negotiation Opportunity
At 158 days on site, this property has exceeded the typical selling timeline for Aurora. 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.
Detached Home Advantages
Detached homes in Aurora 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.
Excellent Flexibility
With 5 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 Aurora.
Bathroom Count Matters
With 4 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.
Investment Perspective
Looking at this as an investment: Aurora properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,791 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.