15 Usherwood Street, Aurora, ON
Bayview Northeast, Aurora · MLS® N13591490
About this home
In short
- This incredible executive with a magnificent layout and design is located in a great neighbourhood on a quiet residential street.
- Stunning hardwood throughout.
- Large circular solid hardwood staircase.
- The 18-foot ceiling in the dining area.
- The enormous walk-out basement offers a blank canvas, awaiting your vision to unlock its full potential.
This incredible executive with a magnificent layout and design is located in a great neighbourhood on a quiet residential street. Approx. 3460 sq. ft., four bedrooms, four washrooms, double garage, 2-storey detached house. Stunning hardwood throughout. A 2-way gas fireplace accents the living & family rooms. Large circular solid hardwood staircase. The 18-foot ceiling in the dining area. The 9-foot main floor boasts a huge kitchen & a large breakfast area, and a den/office. The enormous walk-out basement offers a blank canvas, awaiting your vision to unlock its full potential.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13591490
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 41.54 × 110 ft
- Cross streets
- Bayview/Wellington
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Full, Walk-Out
- Heating
- Forced Air
- A/C
- Other
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,466 / 2025
- Days on market
- 60
- Listing brokerage
- FIRST CLASS REALTY INC.
Rooms
Hardwood Floor
hardwood floor · open concept
hardwood floor · 5 pc ensuite · walk-in closet(s)
broadloom · double closet
hardwood floor · cathedral ceiling(s) · open concept
broadloom · double closet
broadloom · 4 pc ensuite · walk-in closet(s)
hardwood floor · overlooks frontyard
Hardwood Floor
Eat-in Kitchen
Listed at $1,650,000 with no offer date. Homes here have been closing close to ask, so my read is $1.61M, typically $1.58M to $1.65M. Comparable closings on their own put this home around $1.54M, which supports the ask, so this is a firm read.
Compared as a project. The listing presents this home as one to renovate or rebuild, so the finished homes among its comparable sales were adjusted for that before comparing.
Longer on the market than typical. 60 days on the market against about 32 for homes like it here, and asking 7% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.61M, from 10 recent closings in this pocket.
The market behind the math:
About 1.8 months of inventory: 6 detached homes for sale in the area against 10 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $508/sqft against an area asking average of $550/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.44M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($508/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 10 comparable homes that sold in Bayview Northeast over the past two years, from 68 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 $568/sqft; this home lists at $508/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Bayview Northeast, 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: 5 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,320,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,225
- Property tax
- $706
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,931
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $29,475
- Estimated closing costs
- $29,475
Plus your down payment of $330,000. 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
- $433,520
- Principal paid down
- $163,208
- Interest paid
- $270,312
- Balance remaining
- $1,156,792
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
The suite is real income here: basements rent in Bayview Northeast (9 of 72 recent detached leases were basement units, around $1,900 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,900 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 34 whole-home leases in Bayview Northeast signed at a median of $4,220 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,426. 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 FIRST CLASS REALTY INC.. MLS®/PropTx.