318-193 Lake Driveway Drive, Ajax, ON

South West, Ajax · MLS® E13794758

$449,900
For Sale
Listed 3 days agoNo offer date stated
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2Bedrooms
2Bathrooms
2Garage
900-999Sq ft

About this home

In short

  • Welcome to 193 Lake Driveway - a Two Bedroom split design - with 2 UNDERGROUND PARKING SPOTS.
  • The newly renovated kitchen (2026) features Quartz countertops, new appliances , full size ensuite laundry, pantry & double closet for extra storage.
  • The Primary Bedroom boasts a Walk-In Closet & 4 Piece Ensuite.
  • Only minutes to 401/ Go Train, resturants and shopping.
  • From an indoor pool, sauna, and hot tub for relaxation, to a well-equipped gym and Tennis court for fitness enthusiasts, there's no shortage of options to unwind and...

Welcome to 193 Lake Driveway - a Two Bedroom split design - with 2 UNDERGROUND PARKING SPOTS! Each bedroom boasts its own full bathroom, perfect for privacy! This unit's design is a perfect layout and features an open concept living/dining room, Crown moulding, fireplace & walkout to balcony with sunny South-Western exposure overlooking Duffins Creek And Conservation Area. The newly renovated kitchen (2026) features Quartz countertops, new appliances , full size ensuite laundry, pantry & double closet for extra storage. The Primary Bedroom boasts a Walk-In Closet & 4 Piece Ensuite. Only minutes to 401/ Go Train, resturants and shopping! Nestled in the sought after neighbourhood of South Ajax, conveniently located Just steps from Lake Ontario, Rotary Park- with picnic areas, hiking and biking trails, splash pad & snack bar, making this an IDEAL LOCATION! The amenities in this complex are impressive, offering something for everyone. From an indoor pool, sauna, and hot tub for relaxation, to a well-equipped gym and Tennis court for fitness enthusiasts, there's no shortage of options to unwind and stay active! community BBQ area & party room also provides a space for social gatherings.

Key facts

Property type
Condo Apartment, Apartment
MLS®
E13794758
Bedrooms
2
Bathrooms
2
Size
900-999 sq ft
Cross streets
Westney Rd S /Lakedriveway W
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$628/mo
Exposure
South West
Property tax
$3,247 / 2026
Days on market
3
Listing brokerage
RIGHT AT HOME REALTY

Rooms

LaundryMain

ceramic floor · b/i shelves

Primary BedroomMain4.42 × 3.17 m

overlook water · 4 pc ensuite · walk-in closet(s)

FoyerMain

double closet · ceramic floor

KitchenMain2.54 × 2.32 m

breakfast bar · b/i dishwasher · renovated

Living RoomMain3.66 × 3.30 m

overlook water · w/o to balcony · electric fireplace

Bedroom 2Main3.35 × 2.69 m

overlook water · large closet · laminate

Dining RoomMain4.47 × 2.38 m

combined w/living · open concept · laminate

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

South West, Ajax, ON

CommuteTime from this home to where you spend your day

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Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Central West
$445K
South East
$500K
South West
$464K

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

Affordability
$2,050/mo
$103KIncome needed
4.4×Price ÷ income
$473Weekly cost
$5,473Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

70%mortgage
Mortgage $2,050Property tax $271Condo fee $628Total carry $2,949

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

$
20.0%
$
%
4.39%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 18, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$1,970per month

Mortgage amount $359,920 · 4.39% over 25 years

$89,980Down payment (20.0%)
$359,920Loan before insurance
$0CMHC premium
$2,869Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,970
Property tax
$271
Condo / maintenance fees
$628
Heating
$0
Estimated monthly cost
$2,869

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$5,473
Estimated closing costs
$5,473

Plus your down payment of $89,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.39%Qualifying rate
$2,387/monthPayment at the qualifying rate

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

$231,113Total interest paid
$591,033Total of all payments
Principal $359,920 Interest $231,113
YearPrincipalInterestBalance
1$8,145$15,497$351,775
2$8,506$15,135$343,269
3$8,884$14,758$334,386
4$9,278$14,364$325,108
5$9,690$13,952$315,419
6$10,120$13,522$305,299
7$10,569$13,073$294,730
8$11,038$12,604$283,692
9$11,528$12,114$272,165
10$12,039$11,602$260,125
11$12,574$11,068$247,552
12$13,132$10,510$234,420
13$13,714$9,927$220,706
14$14,323$9,318$206,383
15$14,959$8,683$191,424
16$15,623$8,019$175,801
17$16,316$7,325$159,485
18$17,040$6,601$142,445
19$17,796$5,845$124,648
20$18,586$5,055$106,062
21$19,411$4,230$86,651
22$20,273$3,369$66,378
23$21,172$2,469$45,206
24$22,112$1,529$23,094
25$23,094$548$0

At the end of your 5-year term

Total paid over the term
$118,207
Principal paid down
$44,501
Interest paid
$73,705
Balance remaining
$315,419

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.

Let's connect

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

Rental yield
Estimate$3,050/mo
$36,600Gross annual rent
4.7%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

8.1%
Gross yield
− Property tax $3,247− Condo fees $7,536− Insurance $600− Vacancy & upkeep $4,026Net operating income $21,192

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

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