46 Collins Crescent, Aurora, ON

Aurora Heights, Aurora · MLS® N13162392

$945,000
For Sale
Listed 150 days agoNo offer date statedSitting longer than typical
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4+1Bedrooms
3Bathrooms
6Parking
1500-2000Sq ft

About this home

In short

  • Bright detached 2-storey 4-bedroom home with a separate entrance 1-bedroom basement apartment, offering excellent potential for additional rental income.
  • Situated on an exceptional 131-foot-deep premium lot in the highly sought-after Aurora Heights community.
  • The income-generating basement apartment features 1 bedroom, a 3-piece bathroom, and a full kitchen, making it ideal for additional income or extended family living.
  • Whether you're looking to add your personal touch and customize the home or continue operating it as a turnkey investment property, this property offers excellent...
  • Conveniently located close to highly rated schools, shopping, transit, parks, Yonge Street, and more.

Bright detached 2-storey 4-bedroom home with a separate entrance 1-bedroom basement apartment, offering excellent potential for additional rental income. Situated on an exceptional 131-foot-deep premium lot in the highly sought-after Aurora Heights community.The main floor features a welcoming front deck, spacious family room, large living room, and an updated kitchen with stainless steel appliances and a large window overlooking the backyard. The main-floor bedroom includes a bathroom with a Jacuzzi tub, providing convenient main-floor living for occupants with mobility needs. Large picture windows throughout the home provide an abundance of natural light.The income-generating basement apartment features 1 bedroom, a 3-piece bathroom, and a full kitchen, making it ideal for additional income or extended family living.The extended driveway provides ample parking for 6+ vehicles with no sidewalk, offering exceptional convenience. Whether you're looking to add your personal touch and customize the home or continue operating it as a turnkey investment property, this property offers excellent flexibility, with the lower level currently tenanted. Conveniently located close to highly rated schools, shopping, transit, parks, Yonge Street, and more.

Key facts

Property type
Detached, 2-Storey
MLS®
N13162392
Bedrooms
4+1 (5 total)
Bathrooms
3
Size
1500-2000 sq ft
Lot
47.24 × 131.16 ft
Cross streets
Wellington/Haida
Parking
6 parking
Driveway
Private
Basement
Apartment, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Aluminum Siding, Brick
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,293 / 2025
Days on market
150
Listing brokerage
RE/MAX HALLMARK REALTY LTD.
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

Aurora Heights, Aurora, 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.

Aurora Village
$1.66M
Hills of St Andrew
$2.21M
Aurora Highlands
$1.35M
Bayview Wellington
$1.14M
Aurora Estates
$2.41M

Typical asking price of active listings of the same type, per area (outliers removed). Aurora.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$4,307/mo
$182KIncome needed
5.2×Price ÷ income
$994Weekly cost
$15,375Land 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.

91%mortgage
Mortgage $4,307Property tax $441Total carry $4,748

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,180per month

Mortgage amount $756,000 · 4.49% over 25 years

$189,000Down payment (20.0%)
$756,000Loan before insurance
$0CMHC premium
$4,621Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,180
Property tax
$441
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,621

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

One-time closing costs

Ontario land transfer tax
$15,375
Estimated closing costs
$15,375

Plus your down payment of $189,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,059/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

$498,016Total interest paid
$1,254,016Total of all payments
Principal $756,000 Interest $498,016
YearPrincipalInterestBalance
1$16,871$33,290$739,129
2$17,637$32,524$721,493
3$18,437$31,723$703,055
4$19,275$30,886$683,781
5$20,150$30,011$663,631
6$21,065$29,096$642,566
7$22,021$28,140$620,545
8$23,021$27,140$597,524
9$24,066$26,095$573,458
10$25,159$25,002$548,299
11$26,301$23,859$521,998
12$27,495$22,665$494,503
13$28,744$21,417$465,759
14$30,049$20,112$435,710
15$31,413$18,748$404,297
16$32,839$17,321$371,458
17$34,330$15,830$337,127
18$35,889$14,271$301,238
19$37,519$12,642$263,719
20$39,222$10,938$224,497
21$41,003$9,158$183,494
22$42,865$7,296$140,629
23$44,811$5,350$95,818
24$46,846$3,315$48,973
25$48,973$1,188$0

At the end of your 5-year term

Total paid over the term
$250,803
Principal paid down
$92,369
Interest paid
$158,434
Balance remaining
$663,631

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$3,150/mo
$37,800Gross annual rent
2.9%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

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.

4.0%
Gross yield
− Property tax $5,293− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $26,949

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.

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