138 Reed Drive, Ajax, ON
Central, Ajax · MLS® E13567174
About this home
Welcome to 138 Reed Dr, Ajax - your turn key dream home. Discover this beautifully updated spacious 2 storey detached home nestled in the highly desirable heart of Central Ajax offering a perfect blend of modern luxury and comfort. This home features 3+1 bedrooms, four fully remodeled bathrooms and a fully finished basement. An ideal layout for growing families. Showing exceptional pride of ownership, nearly every detail of this property has been extensively updated over the past 5 to 6 years. ---Gourmet kitchen (2020)--- with all new modern appliances. ---Interior finishes (2021)--- Freshly painted throughout with new baseboards trim and flooring, plush new carpeting on the stairs and second floor with elegant California shutters. ---Mechanical and exterior--- Brand new roof September 2025, new furnace and air conditioning unit (2020), gas fireplace, all new exterior doors (2021) and full back yard fencing. ---Backyard Oasis (2020)--- A large deck and Gazebo equipped with custom curtains, creating the perfect setting for outdoor entertaining. Absolutely everything has been done for you. Simply move in and enjoy. ---Unbeatable location--- Commuting is effortless with a short walk to the Ajax GO station and major bus routes plus quick access to highways 401 and 412. Enjoy ultimate convenience with top rated schools, parks, recreation centers, major shopping outlets and the local hospital just minutes away. Don't miss this rare opportunity to own a truly pristine , worry free home in one of Ajax's most convenient communities. *Please view Virtual Tour*Brokerage Remarks
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13567174
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000
- Lot
- 36.71 × 102.64 ft
- Cross streets
- Westney & Ritchie
- Parking
- 2 garage · 5 parking (attached)
- Driveway
- Private
- Basement
- Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,443 / 2026
- Days on market
- 2
- Listing brokerage
- SUTTON GROUP-HERITAGE REALTY INC.
Rooms
window · laminate · overlooks backyard
walk-in closet(s) · bow window · broadloom
4 pc bath · soaking tub · separate shower
bow window · window · broadloom
bow window · laminate · overlooks frontyard
closet · broadloom · window
gas fireplace · laminate · overlooks backyard
2 pc bath · window
3 Pc Bath
walk-out · bow window · laminate
Broadloom
window · broadloom · b/i bar
walk-in closet(s) · window · broadloom
Laminate
Listed at $959,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $938K, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $875K
- Adjusts to $875K
That comparable adjusts to $875K; the $875K estimate above is the median of all 7 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Westney Northbound @ Ritchie is about a 5-minute walk away.
Total price vs nearby homes. Fair value about $875K, median of 7 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 8% above the area average of $507/sqft.
9 days faster than the Ajax average (11 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Central, Ajax, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Westney Northbound @ Ritchie, about 427 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Ajax.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $767,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,094
- Property tax
- $537
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,631
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,655
- Estimated closing costs
- $15,655
Plus your down payment of $191,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $245,644
- Principal paid down
- $97,703
- Interest paid
- $147,941
- Balance remaining
- $669,497
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP-HERITAGE REALTY INC.. MLS®/PropTx.