72 Warwick Avenue, Ajax, ON
South East, Ajax · MLS® E13785812
About this home
In short
- "LEGAL RETROFIT BASEMENT APARTMENT" Highly desirable Ajax lakeside community, fantastic 2 storey Tribute built home with premium pie shaped lot backing onto...
- This home offers nearly 3000 sq.ft. of thoughtfully designed living space on a private, beautifully treed lot.
- The main level boasts a bright, open concept layout featuring a spacious family room and large eat-in kitchen with granite counters and stainless steel appliances and...
- Adding immense value, the walk-out lower level features a large, Legal Retrofit Basement Apartment with its own separate entrance.
"LEGAL RETROFIT BASEMENT APARTMENT" Highly desirable Ajax lakeside community, fantastic 2 storey Tribute built home with premium pie shaped lot backing onto Conservation area and siding onto Park. This home offers nearly 3000 sq.ft. of thoughtfully designed living space on a private, beautifully treed lot. The main level boasts a bright, open concept layout featuring a spacious family room and large eat-in kitchen with granite counters and stainless steel appliances and a walk-in pantry. Walkout to deck with convenient yard access. A large combined living and dining room offers elegant entertaining space, while a dedicated main floor den provides the perfect quiet retreat for a home office of library. Upstairs, the home caters to large families with a convenient upper level laundry room and a rare Second Family Room, offering incredible versatility as a media hub or a homework zone. Four generous size bedrooms provide ample comfort for everyone. The second bedroom has a private balcony for morning coffee. Adding immense value, the walk-out lower level features a large, Legal Retrofit Basement Apartment with its own separate entrance. This premium income or multi-generational suite includes a eat-in kitchen with a breakfast bar, granite counters and stainless steel appliances. The cozy living room has a large picture window and gas fireplace and is combined with the dining room. Separate bedroom with a walk-in closet, independent laundry and storage facilities. Private covered entrance makes this apartment easily accessible for family or as a rental unit - a rare opportunity! This lakeside community home with waterfront walking and biking trails is yours to enjoy!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13785812
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 42.27 × 114 ft
- Cross streets
- Shoal Point and Warwick
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Apartment, Separate Entrance, Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,200 / 2026
- Days on market
- 6
- Listing brokerage
- REMAX CONNECT REALTY
Rooms
4 pc ensuite · walk-in closet(s)
laminate · combined w/dining
granite counters · pantry · w/o to sundeck
Broadloom
b/i bookcase · gas fireplace · laminate
coffered ceiling(s) · combined w/living · laminate
granite counters · stainless steel appl · breakfast bar
picture window · gas fireplace · open concept
W/O To Balcony
Walk-In Closet(s)
laminate · combined w/living
Listed at $1,289,000. 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 $1.27M, if it sells. A realistic range is $1.19M to $1.43M.
Independent value check: $1.20M. Without looking at the asking price, our model values the home itself about 7% below the ask (homes like it typically land between $1.13M and $1.26M).
Why $1.20M. The typical detached home sold in South East over the past year went for about $874K (143 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $10,200 a year; the typical home sold here pays about $6,400.
- ▲ Raises itIt is 2,500 to 3,000 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises it slightly4+1 bedrooms and 4 baths, against 3+1 and 3 typically.
Total price vs nearby homes. Likely closing about $1.27M, from 31 recent closings in this pocket.
The market behind the math:
About 1.5 months of inventory: 15 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 $469/sqft against an area asking average of $513/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in South East: 41 of the 136 detached leases here lately were basement units, around $1,700 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the Town of Ajax.
- Park / green-space backing. The listing says this home backs onto or abuts a park or green space. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
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 $1.20M. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($469/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 31 comparable homes that sold in South East over the past two years, from 274 closings there.
For sale
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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 $504/sqft; this home lists at $469/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
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 $1,031,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,645
- Property tax
- $850
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,495
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,255
- Estimated closing costs
- $22,255
Plus your down payment of $257,800. 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
- $338,671
- Principal paid down
- $127,500
- Interest paid
- $211,171
- Balance remaining
- $903,700
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 South East (41 of 136 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 18 whole-home leases in South East signed at a median of $4,263 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,506. 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 REMAX CONNECT REALTY. MLS®/PropTx.