51 Range Road, Ajax, ON
South East, Ajax · MLS® E13721258
About this home
In short
- In the South of Ajax just north of Lake Ontario you could build your dream home.
- The property features a 40' x 200' with an existing bungalow (sold as is where is) on it.
Opportunity knocks! In the South of Ajax just north of Lake Ontario you could build your dream home. The property features a 40' x 200' with an existing bungalow (sold as is where is) on it. There is municipal water running to the property line and a septic system installed already. This lot is primed for a custom build.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13721258
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 700-1100 sq ft
- Lot
- 40 × 200 ft
- Cross streets
- Lake Ridge Rd/Bayly St E
- Parking
- 6 parking
- Driveway
- Private
- Basement
- None
- Heating
- Radiant
- A/C
- None
- Exterior
- Aluminum Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $5,396 / 2025
- Days on market
- 24
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Listed at $529,900. Going by how homes in South East and the wider GTA have actually closed against their asking prices (about 98%, 31 local closings in 90 days), the likely sale price is near $521K, if it sells. A realistic range is $489K to $588K.
Independent value check: $627K. Without looking at the asking price, our model values the home itself about 18% above the ask (homes like it typically land between $588K and $657K).
Why $627K. The typical detached home sold in South East over the past year went for about $874K (143 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $5,396 a year; the typical home sold here pays about $6,400.
- ▼ Lowers it stronglyIt is 700 to 1,100 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers it3 bedrooms and 1 baths, against 3+1 and 3 typically.
- ▲ Raises it slightly0 garage and 6 total parking spaces, against 1 and 4 typically.
Total price vs nearby homes. Likely closing about $521K, from 31 recent closings in this pocket.
The market behind the math:
About 0.5 months of inventory: 5 detached homes for sale in the area against 31 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $589/sqft against an area asking average of $663/sqft.
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 31 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $659K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 31 comparable homes that sold in South East over the past two years, from 273 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $740/sqft; this home lists at $589/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
South East, 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 21, 2026); conventional rates run a little higher.
Mortgage amount $423,920 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,320
- Property tax
- $450
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,770
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,073
- Estimated closing costs
- $7,073
Plus your down payment of $105,980. 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
- $139,226
- Principal paid down
- $52,415
- Interest paid
- $86,811
- Balance remaining
- $371,505
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 numbersThe last 23 whole-home leases in South East signed at a median of $2,846 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,454. 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 HALLMARK REALTY LTD.. MLS®/PropTx.