64 Machell Avenue, Aurora, ON
Aurora Village, Aurora · MLS® N12646608
About this home
In short
- Welcome to this beautifully renovated 2-storey home, ideally situated in the heart of downtown Aurora.
- Set on a rare and expansive 50 x 190 ft lot, this home offers a perfect blend of comfort, elegance, and opportunity.
- With 3+1 spacious bedrooms and 4 modern bathrooms, its designed to suit both families and investors alike.
- The fully finished walkout basement with a separate entrance provides excellent potential for a rental unit or an in-law suite making it a smart investment for extra...
- Step outside to a breathtaking backyard oasis private, serene, and beautifully landscaped.
Welcome to this beautifully renovated 2-storey home, ideally situated in the heart of downtown Aurora. Set on a rare and expansive 50 x 190 ft lot, this home offers a perfect blend of comfort, elegance, and opportunity. With 3+1 spacious bedrooms and 4 modern bathrooms, its designed to suit both families and investors alike. The fully finished walkout basement with a separate entrance provides excellent potential for a rental unit or an in-law suite making it a smart investment for extra income or multi-generational living. Step outside to a breathtaking backyard oasis private, serene, and beautifully landscaped. Enjoy the oversized patio, perfect for summer gatherings, morning coffees, or quiet evenings under the stars. Located in one of Auroras most desirable and walkable communities, you're just minutes from charming shops, top-rated schools, parks, and the GO station. A true gem offering style, space, and income potential in a sought-after location. note: basement kitchen Photos are virtually staged***
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N12646608
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4
- Size
- 1500-2000 sq ft
- Lot
- 50.04 × 191.31 ft
- Cross streets
- Yonge & Wellington
- Parking
- 3 parking
- Driveway
- Available
- Basement
- Walk-Out, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding, Concrete
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,995 / 2024
- Days on market
- 272
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
ceramic floor · fireplace
hardwood floor · window
window · pot lights
laminate · walk-out · pot lights
hardwood floor · pot lights
ceramic floor · skylight
4 pc ensuite · hardwood floor
hardwood floor · window
3 pc ensuite · overlooks backyard · hardwood floor
closet · window
Listed at $1,088,000 with no offer date. Homes here have been closing close to ask, so my read is $1.03M, typically $987K to $1.06M. Comparable closings on their own put this home around $1.05M, which supports the ask, so this is a firm read.
Longer on the market than typical. 272 days on the market against about 45 for homes like it here, and asking 3% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.03M, from 16 recent closings in this pocket.
The market behind the math:
About 1.1 months of inventory: 6 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $622/sqft against an area asking average of $600/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. In Aurora Village basements rarely rent out (3 of 52 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the Town of Aurora.
- Ravine / green setting. This home sits beside a ravine creek. A premium that comparable-sales math under-prices, so read the estimate as a floor.
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 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.12M. Condition and finishes remain an in-person call.
What the listing highlights4 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
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
Its public catchment (Aurora HS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 16 comparable homes that sold in Aurora Village over the past two years, from 100 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 $546/sqft; this home lists at $622/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Aurora Village, Aurora, 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). Aurora.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 10 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 $870,400 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,764
- Property tax
- $416
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,181
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,235
- Estimated closing costs
- $18,235
Plus your down payment of $217,600. 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
- $285,861
- Principal paid down
- $107,619
- Interest paid
- $178,242
- Balance remaining
- $762,781
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
About the suite: in Aurora Village basements rarely rent out (3 of 52 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 14 whole-home leases in Aurora Village signed at a median of $3,274 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,431. 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 YOUR COMMUNITY REALTY. MLS®/PropTx.