240 Elyse Court, Aurora, ON

Bayview Northeast, Aurora · MLS® N13730926

$1,188,000
For Sale
Listed 48 days agoNo offer date stated
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4Bedrooms
4Bathrooms
1Garage · 3 parking
2000-2500Sq ft

About this home

In short

  • 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.
  • 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...
  • 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...
  • 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...

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, 2-Storey
MLS®
N13730926
Bedrooms
4
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
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
48
Listing brokerage
HOMELIFE/BAYVIEW REALTY INC.

Rooms

Bedroom 2Second4.27 × 2.98 m

broadloom · w/o to balcony · b/i closet

Dining RoomMain3.81 × 3.00 m

laminate · open concept · combined w/great rm

Bedroom 3Second4.27 × 2.60 m

broadloom · b/i closet · large window

Primary BedroomSecond5.36 × 3.71 m

broadloom · 5 pc ensuite · walk-in closet(s)

KitchenMain4.11 × 2.68 m

laminate · granite counters · stainless steel appl

LaundrySecond2.00 × 3.00 m

Ceramic Floor

LoftThird4.88 × 2.74 m

broadloom · 3 pc ensuite · w/o to terrace

BreakfastMain3.66 × 2.68 m

laminate · overlooks ravine · w/o to balcony

Great RoomMain6.06 × 3.00 m

laminate · overlooks ravine · combined w/dining

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
What sellers nearby are askingCurrently listed nearby in Bayview Northeast · asking prices
$1.03Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market.

Per square foot, these ask about $527/sqft; this home lists at $528/sqft. Size is part of the price story, not just the sticker.

The 5 closest active listings nearby.

See all comparable homes
1.19MThis home1.10M1.20M939k1000k889kThis home vs active comparables

Neighbourhood & location

Bayview Northeast, Aurora, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Rural Aurora
$1.07M
Bayview Wellington
$865K
Aurora Grove
$867K

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
$5,415/mo
$227KIncome needed
5.2×Price ÷ income
$1,250Weekly cost
$20,235Land 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 $5,415Property tax $529Total carry $5,944

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)
$5,255per month

Mortgage amount $950,400 · 4.49% over 25 years

$237,600Down payment (20.0%)
$950,400Loan before insurance
$0CMHC premium
$5,784Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,255
Property tax
$530
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,784

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

6.49%Qualifying rate
$6,360/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

$626,077Total interest paid
$1,576,477Total of all payments
Principal $950,400 Interest $626,077
YearPrincipalInterestBalance
1$21,209$41,850$929,191
2$22,172$40,887$907,019
3$23,179$39,881$883,841
4$24,231$38,828$859,610
5$25,331$37,728$834,279
6$26,481$36,578$807,797
7$27,684$35,375$780,114
8$28,941$34,119$751,173
9$30,255$32,805$720,919
10$31,628$31,431$689,290
11$33,064$29,995$656,226
12$34,566$28,494$621,661
13$36,135$26,924$585,526
14$37,776$25,283$547,750
15$39,491$23,568$508,259
16$41,284$21,775$466,975
17$43,158$19,901$423,817
18$45,118$17,941$378,699
19$47,166$15,893$331,533
20$49,308$13,751$282,225
21$51,547$11,512$230,678
22$53,887$9,172$176,791
23$56,334$6,725$120,457
24$58,892$4,167$61,566
25$61,566$1,494$0

At the end of your 5-year term

Total paid over the term
$315,295
Principal paid down
$116,121
Interest paid
$199,174
Balance remaining
$834,279

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$4,200/mo
$50,400Gross annual rent
3.1%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.

4.2%
Gross yield
− Property tax $6,354− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $37,102

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE/BAYVIEW REALTY INC.. MLS®/PropTx.

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