53 Howes Street, Ajax, ON
Central West, Ajax · MLS® E13675380
About this home
In short
- RARE AJAX OPPORTUNITY - SPACE, LOCATION & INCOME ALL IN ONE.
- This well-maintained, carpet-free 4-bedroom, 4-washroom home features granite kitchen countertops, a bright functional layout and a spacious primary bedroom with an...
- The finished basement offers 2 additional bedrooms and is currently generating $2,150/month in rental income.
RARE AJAX OPPORTUNITY - SPACE, LOCATION & INCOME ALL IN ONE! This well-maintained, carpet-free 4-bedroom, 4-washroom home features granite kitchen countertops, a bright functional layout and a spacious primary bedroom with an ensuite highlighted by a skylight. The finished basement offers 2 additional bedrooms and is currently generating $2,150/month in rental income. Backyard gate opens directly to the school grounds - perfect for families. Ideal for end users or investors looking for income potential and added value. DON'T MISS IT!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13675380
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 40.07 × 110.02 ft
- Cross streets
- Rossland/Church
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Available
- Basement
- Walk-Up, Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $7,854 / 2025
- Days on market
- 37
- Listing brokerage
- RE/MAX ACE REALTY INC.
Rooms
hardwood floor · closet · window
Laminate
hardwood floor · closet · window
Tile Floor
Tile Floor
Tile Floor
eat-in kitchen · w/o to deck
hardwood floor · closet · window
hardwood floor · walk-in closet(s) · 4 pc ensuite
Laminate
Hardwood Floor
Hardwood Floor
Laminate
Hardwood Floor
Listed at $1,199,000. Recent sales of homes like it put this one around $1.02M, so the ask is about 18% above what similar homes have sold for.
If it sells at this ask, expect about $1.18M, typically $1.15M to $1.20M: that is where homes here have closed against their asks in the last 90 days (40 closings).
The ask and what recent sales support disagree. When they differ this much, the asking price has been the closer guide about 87% of the time. Recent GTA homes first listed this far above their automated estimate sold at about 95% of the original ask, in a median 36 days, 26% of them after a price reduction (750 sales).
Total price vs nearby homes. Fair value about $1.02M, learned from recent GTA sales.
The market behind the math:
About 0.6 months of inventory: 8 detached homes for sale in the area against 40 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $533/sqft against an area asking average of $479/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Central West: 49 of the 152 detached leases here lately were basement units, around $1,700 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the Town of Ajax.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 109 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $951K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
Based on 109 comparable homes that sold in Central West over the past two years, from 289 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $462/sqft; this home lists at $533/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Central West, Ajax, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 4.24% via Ratehub.ca (as of September 18, 2026); conventional rates run a little higher.
Mortgage amount $959,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,250
- Property tax
- $655
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,905
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,455
- Estimated closing costs
- $20,455
Plus your down payment of $239,800. 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
- $315,025
- Principal paid down
- $118,598
- Interest paid
- $196,427
- Balance remaining
- $840,602
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
The suite is real income here: basements rent in Central West (49 of 152 recent detached leases were basement units, around $1,700 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,700 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 14 whole-home leases in Central West signed at a median of $4,034 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,824. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX ACE REALTY INC.. MLS®/PropTx.