304-195 Lake Driveway, Ajax, ON
South West, Ajax · MLS® E13791144
About this home
In short
- Live life by the lake in Discovery Bay one of South Ajax's hidden gems.
- The open-concept living and dining area features a cozy electric fireplace, north-east views, and a walkout to a covered balcony.
- The spacious primary bedroom boasts a double walk-in closet with custom storage shelving and a recently updated four-piece ensuite with bath/shower and large vanity.
- Enjoy resort style amenities including visitor parking, an indoor swimming pool & hot tub, exercise room, party room, tennis courts, and a private parkette & picnic...
- Parks, Schools, Shopping, Restaurants, And Everyday Essentials Are All Close By, Making Daily Life Simple And Convenient For Commuters, Highway 401 And The GO Station...
Live life by the lake in Discovery Bay one of South Ajax's hidden gems. Welcome To A Beautiful Move-In-Ready Condominium unit In The Sought-After East Hampton Community In Southwest Ajax. These bright, updated low-rise condos combine resort-style living with everyday convenience. This two-bedroom, two-bathroom split-model suite has been tastefully upgraded and lovingly maintained, offering private north-east views. Step inside the subject unit to a tiled foyer with an updated oversized double closet and custom sliding door panels, leading to a bright kitchen with abundant cupboard and counter space, and convenient ensuite laundry closet. The open-concept living and dining area features a cozy electric fireplace, north-east views, and a walkout to a covered balcony. The spacious primary bedroom boasts a double walk-in closet with custom storage shelving and a recently updated four-piece ensuite with bath/shower and large vanity. The second bedroom also offers a double closet, and is adjacent to another updated four-piece bathroom. Enjoy resort style amenities including visitor parking, an indoor swimming pool & hot tub, exercise room, party room, tennis courts, and a private parkette & picnic area with BBQ stations, children's play area that provides fun for the whole family. Just steps from the famous Rotary Park with picnic areas, hiking and biking trails, a splash pad, and snack bar - you'll have recreation at your doorstep. Nestled within a fantastic school district, this condo is ideal for all ages. This Home Places You Just Steps From The Lake Ontario Waterfront Trail And The Scenic Duffins Creek Nature Reserve, Where You Can Enjoy Peaceful Walks, Bike Rides, and Time Outdoors. Parks, Schools, Shopping, Restaurants, And Everyday Essentials Are All Close By, Making Daily Life Simple And Convenient For Commuters, Highway 401 And The GO Station Are Only Minutes Away, Helping You Stay Connected With Ease. Whether You Are A First-Time Buyer, Downsizer, Or Investor.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13791144
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999 sq ft
- Cross streets
- Westney Rd South & Lakefront area.
- Parking
- 1 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Maintenance
- $627/mo
- Exposure
- North East
- Property tax
- $2,930 / 2026
- Days on market
- 4
- Listing brokerage
- REAL ESTATE HOMEWARD
Rooms
ceramic floor · 4 pc bath
breakfast area · hardwood floor · combined w/living
hardwood floor · w/o to balcony · fireplace
ceramic floor · b/i dishwasher · combined w/laundry
4 pc ensuite · hardwood floor · b/i closet
hardwood floor · b/i closet · large window
ceramic floor · 4 pc ensuite
Listed at $425,000, which is about 8% below what comparable homes suggest.
The usual discount does not apply here. Homes listed this far under their comparable sales often close at or above the ask, so no closing range is shown.
Total price vs nearby homes. Fair value about $462K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $448/sqft against an area asking average of $461/sqft. Size and $/sqft both feed the estimate above.
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 and this building.
It never sees the asking price. The 41 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $410K. 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Below comparable homes on total price, yet the price per square foot ($448/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
There were not many closely comparable homes right in South West, so I widened the search to the surrounding area.
Based on 41 comparable homes that sold in South West over the past two years, from 46 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $462K, which is where my estimate comes from.
Per square foot, these ask about $452/sqft; this home lists at $448/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
South 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 $340,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,861
- Property tax
- $244
- Condo / maintenance fees
- $627
- Heating
- $0
- Estimated monthly cost
- $2,732
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,975
- Estimated closing costs
- $4,975
Plus your down payment of $85,000. 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
- $111,664
- Principal paid down
- $42,038
- Interest paid
- $69,626
- Balance remaining
- $297,962
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 West signed at a median of $2,371 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,379. 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 REAL ESTATE HOMEWARD. MLS®/PropTx.