240 Elyse Court, Aurora, ON
Bayview Northeast, Aurora · MLS® N13465388
About this home
Exquisite luxury living in this exceptional 2,200+ sq. ft. Upgraded townhome, ideally situated on a premium ***RAVINE*** lot within a quiet and highly desirable enclave offers elegance, privacy, and everyday functionality. It featurs a grand double-door entry, Long driveway with no sidewalk, parking for two vehicles on the private driveway, and convenient direct access from the garage.Backing onto lush greenery, this residence offers unobstructed ravine, pond and trails view, a peaceful natural setting, and direct walkout access to scenic walking trails just steps from your door. The main level showcases soaring **10 FT** smooth ceilings thru-out, elegant pot lighting, rich oak staircases, and a bright open-concept layout, Gourmet Kitchen with Quartz C-Top, Ss Appliances & Cabinet Lighting, Breakfast area over view Ravine and Pond with w/o to deck. The upper level impresses with **9FT** ceilings, Primary Bed W/ Oasis bath and free stand Tub, spacious bedrooms, and a thoughtfully positioned second-floor laundry room for added convenience. The remarkable third floor offers a versatile loft-style retreat, perfect as a private primary suite sanctuary, executive office, family lounge, or guest retreat, complete with a full 3-piece bathroom and direct access to a spectacular rooftop terrace-style scenic patio and Balcony. This private outdoor space provides the perfect setting to relax while enjoying breathtaking panoramic ravine views. **THE WALK OUT BASEMENT** further enhances the home's versatility, offering endless possibilities for extended family living, a private guest retreat, a recreation area, home gym, or future income potential, with the added convenience of possible **SEPARATE ENTRANCE** through the garage. Ideally located MINUTES from amenities, including shopping, dining, recreation complexes, community centres, Highway 404, and GO Transit.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- N13465388
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500
- Lot
- 19.69 × 103.54 ft
- Cross streets
- Wellington/Leslie
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Other
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,354 / 2026
- Days on market
- 28
- Listing brokerage
- HOMELIFE/BAYVIEW REALTY INC.
Rooms
broadloom · w/o to balcony · b/i closet
laminate · granite counters · stainless steel appl
broadloom · 3 pc ensuite · w/o to terrace
laminate · overlooks ravine · w/o to balcony
Ceramic Floor
laminate · overlooks ravine · combined w/dining
broadloom · b/i closet · large window
laminate · open concept · combined w/great rm
broadloom · 5 pc ensuite · walk-in closet(s)
Listed at $1,188,000, this home is about 8% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Below comparable homes on total price, yet the price per square foot ($528/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.32M, a close match.
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 $1.15M
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $1.19M
That comparable adjusts to $1.19M; the $1.29M estimate above is the median of all 6 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.
On schools, this address is zoned for Dr. G.W. Williams SS, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Wellington St / Kaleia Av is about a 4-minute walk away.
Total price vs nearby homes. Fair value about $1.29M, median of 6 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Walk-out basement: natural light and strong in-law or income potential.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Income potential
- Worth verifying
- Value driver
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 3% below the area average of $546/sqft.
3 days faster than the Aurora average (31 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Bayview Northeast, 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: Wellington St / Kaleia Av, about 293 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
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 $950,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,072
- Property tax
- $530
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,601
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,235
- Estimated closing costs
- $20,235
Plus your down payment of $237,600. 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
- $304,301
- Principal paid down
- $121,034
- Interest paid
- $183,268
- Balance remaining
- $829,366
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
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 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 HOMELIFE/BAYVIEW REALTY INC.. MLS®/PropTx.