220 Old Yonge Street, Aurora, ON
Aurora Village, Aurora · MLS® N12688372
About this home
Ideal for professionals wanting a home office! Situated on over an acre within Old Aurora, the Thomas Pargeter house seamlessly blends the past with thoughtful updating. This property offers what feels like rural living and tranquility just seconds from the Yonge Street and St. John's intersection with ample parking along a long driveway. Inside, original details have been meticulously preserved. The spacious principal rooms are ideal for residential or professional purposes. With two lower level rooms having separate entrances, this is the perfect floor plan for a lawyer, accountant, or professional wanting to keep living space and work space apart. Adjacent to the main residence is a fascinating historic bunker. This intriguing 1000 sq ft+ space offers endless possibilities: a private wine cellar, an artist's studio, a secure storage facility, or perhaps a one-of-a-kind entertainment area. A recently built garden barn is perfect for the lawn tractor or summer furniture storage. Metal roof installed in 2024. Smart home ready. Located in a quiet Aurora neighbourhood, you'll enjoy the perfect balance of rural tranquility and urban convenience. Used to have commercial zoning. Many possibilities here.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N12688372
- Bedrooms
- 5
- Bathrooms
- 4 (1 half)
- Size
- 3500-5000
- Lot
- 125.61 × 274.14 ft
- Cross streets
- St. John's Sdrd & Old Yonge
- Parking
- 4 garage · 16 parking (attached)
- Driveway
- Circular Drive
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block, Poured Concrete
- Roof
- Metal
- Sewer
- Sewer
- Property tax
- $9,664 / 2025
- Days on market
- 186
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
hardwood floor · fireplace
hardwood floor · double closet · semi ensuite
hardwood floor · fireplace · w/o to patio
cushion floor · combined w/game · b/i bookcase
W/O To Garden
hardwood floor · 4 pc ensuite · his and hers closets
pantry · cushion floor
hardwood floor · w/o to balcony · open concept
hardwood floor · w/o to patio · semi ensuite
cork floor · pantry · granite counters
hardwood floor · double closet · semi ensuite
ceramic floor · 2 pc bath
Concrete Floor
hardwood floor · walk-in closet(s) · semi ensuite
cushion floor · open concept
ceramic floor · laundry sink
Listed at $2,989,000, this home is about 20% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($703/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Aurora Village, so I widened the search to the surrounding area.
Based on 9 similar homes nearby, adjusted for size, beds, and baths.Median of 9 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.01M, a bit lower.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $2.34M
- Bedrooms +$30K
- Bathrooms −$15K
- Adjusts to $2.35M
That comparable adjusts to $2.35M; the $2.50M estimate above is the median of all 9 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Aurora HS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Yonge St / St. John's Sdrd is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $2.50M, median of 9 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 18% below the area average of $856/sqft.
165 days longer than the Aurora average (21 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Aurora Village, Aurora, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Yonge St / St. John's Sdrd, about 266 m away
Within a 15-minute (1.5 km) walk.
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.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $2,391,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,760
- Property tax
- $805
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,566
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $61,200
- Estimated closing costs
- $61,200
Plus your down payment of $597,800. 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
- $765,620
- Principal paid down
- $304,520
- Interest paid
- $461,100
- Balance remaining
- $2,086,680
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.