2978 Ebony Street, Ajax, ON
South East, Ajax · MLS® E13759160
About this home
In short
- 50' x 200' Corner Lot Severed to Two Lots with 50' x 100' Each in Prestigious "Lakeside Community".
- Bsmt Direct Facing Park (Tenant paying $2900 / Month + Utilities by Month to month, Landlord pay internet. ) .
- North Lot with Existing 1.5 Garage will be demolished due to severed lots, Both Lots Nestled Around New Million-Plus Homes, Can be Built Two Detached Homes or Two 4-Plex.
- Steps To Lake/Beach, Paradise Park, Walking Trails, Close to School, Conservation & Hospital, Mins to Shopping & Hwy401 & 412...
50' x 200' Corner Lot Severed to Two Lots with 50' x 100' Each in Prestigious "Lakeside Community". Build Your Dream Homes, South Lot with existing Bungalow and Fin. Bsmt Direct Facing Park (Tenant paying $2900 / Month + Utilities by Month to month, Landlord pay internet. ) . North Lot with Existing 1.5 Garage will be demolished due to severed lots, Both Lots Nestled Around New Million-Plus Homes, Can be Built Two Detached Homes or Two 4-Plex. ( Good For Self using + Rental income or Investment, Buyers to do their Own Due Diligence). Steps To Lake/Beach, Paradise Park, Walking Trails, Close to School, Conservation & Hospital, Mins to Shopping & Hwy401 & 412...
Key facts
- Property type
- Detached, Other
- MLS®
- E13759160
- Bedrooms
- 2+2 (4 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 50 × 200 ft
- Cross streets
- Ruthel / Ebony
- Parking
- 1.5 garage · 5.5 parking (detached)
- Driveway
- Private Double
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Other
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $7,010 / 2026
- Days on market
- 12
- Listing brokerage
- HOMELIFE LANDMARK RH REALTY
Rooms
4 pc bath · window · hardwood floor
overlooks park · south view · hardwood floor
closet · window · laminate
window · walk-in closet(s) · laminate
3 pc bath · window · laminate
crown moulding · fireplace · hardwood floor
window · closet · laminate
large window · west view · laminate
window · separate room · laminate
open concept · stainless steel appl · laminate
Listed at $1,000,000. 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 $984K, if it sells. A realistic range is $922K to $1.11M.
Independent value check: $809K. Without looking at the asking price, our model values the home itself about 19% below the ask (homes like it typically land between $758K and $848K).
Why $809K. The typical detached home sold in South East over the past year went for about $874K (143 sales). What sets this one apart:
- ▼ Lowers itIt is 700 to 1,100 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $7,010 a year; the typical home sold here pays about $6,400.
- ▼ Lowers it slightly2+2 bedrooms and 2 baths, against 3+1 and 3 typically.
- ▼ Lowers it slightlyThe listing presents it as a home to renovate or rebuild.
Total price vs nearby homes. Likely closing about $984K, from 31 recent closings in this pocket.
The market behind the math:
About 2.9 months of inventory: 30 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 $1,111/sqft against an area asking average of $584/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
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 $771K. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
- Corner lot: more light and frontage, sometimes at the cost of privacy. 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.
There were not many closely comparable homes right in South East, so I widened the search to the surrounding area.
Based on 31 comparable homes that sold in South East over the past two years, from 273 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $809K, which is where my estimate comes from.
Per square foot, these ask about $751/sqft; this home lists at $1,111/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 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 $800,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,379
- Property tax
- $584
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,963
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,475
- Estimated closing costs
- $16,475
Plus your down payment of $200,000. 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
- $262,740
- Principal paid down
- $98,914
- Interest paid
- $163,826
- Balance remaining
- $701,086
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 20 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 $2,539. 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 HOMELIFE LANDMARK RH REALTY. MLS®/PropTx.