563 Tara Hill Circle, Aurora, ON

Aurora Village, Aurora · MLS® N13876506

$599,000
For Sale
Listed 10 days agoNo offer date stated

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3Bedrooms
3Bathrooms
1Garage · 2 parking
1400-1599Sq ft

About this home

In short

  • Welcome to this bright and spacious 3-bedroom, 3-bathroom condo townhouse nestled in one of Aurora's most desirable family-friendly neighbourhoods.
  • The main floor features an open-concept living and dining area, a spacious eat-in kitchen with a walkout to a private, tree-lined deck, creating the perfect setting...
  • Upstairs, the primary bedroom offers a walk-in closet and private 4-piece ensuite, while two additional generously sized bedrooms and a full bathroom provide plenty...
  • A true standout is the bright, fully finished walk-out basement-a rare feature that fills the lower level with natural light while providing direct access to the...
  • This is a fantastic opportunity to own a spacious home with exceptional renovation potential and a highly sought-after walk-out basement in one of Aurora's most...

Welcome to this bright and spacious 3-bedroom, 3-bathroom condo townhouse nestled in one of Aurora's most desirable family-friendly neighbourhoods. Offering a functional layout, generous living spaces, and incredible potential, this well-maintained home is perfect for buyers looking to renovate and customize a home to their own style in a prime location. The main floor features an open-concept living and dining area, a spacious eat-in kitchen with a walkout to a private, tree-lined deck, creating the perfect setting for everyday living and entertaining. Upstairs, the primary bedroom offers a walk-in closet and private 4-piece ensuite, while two additional generously sized bedrooms and a full bathroom provide plenty of space for a growing family. A true standout is the bright, fully finished walk-out basement-a rare feature that fills the lower level with natural light while providing direct access to the fully fenced backyard and stone interlock patio. This versatile space is ideal as a family recreation room, home office, gym, or children's play area, with endless possibilities to suit your lifestyle. Additional highlights include an extra-long private driveway, and low-maintenance living with lawn care and snow removal managed by the condominium corporation. Ideally located close to Yonge Street, the scenic Tim Jones Trail, parks, transit, shopping, and restaurants. The prestigious St. Andrew College, Community centres and Highway 404 are just minutes away. This is a fantastic opportunity to own a spacious home with exceptional renovation potential and a highly sought-after walk-out basement in one of Aurora's most established and desirable communities.

Key facts

Property type
Condo Townhouse, 2-Storey
MLS®
N13876506
Bedrooms
3
Bathrooms
3 (1 half)
Size
1400-1599 sq ft
Cross streets
Yonge St/St.John's S
Parking
1 garage · 2 parking (attached)
Basement
Walk-Out
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$583/mo
Exposure
North
Property tax
$3,190 / 2025
Days on market
10
Listing brokerage
RE/MAX EXCEL REALTY LTD.

Rooms

Living RoomGround4.27 × 3.66 m

laminate · bay window · overlooks frontyard

Primary BedroomSecond5.18 × 3.05 m

hardwood floor · 4 pc ensuite · walk-in closet(s)

KitchenGround2.74 × 2.74 m

hardwood floor · eat-in kitchen · overlooks backyard

Bedroom 2Second3.96 × 3.05 m

broadloom · window · b/i closet

Dining RoomGround3.05 × 2.74 m

laminate · combined w/living · open concept

BreakfastGround4.57 × 3.05 m

hardwood floor · w/o to deck

RecreationBasement0.00 × 0.00 m

broadloom · walk-out

Bedroom 3Second3.05 × 2.44 m

broadloom · window · b/i closet

Our TakeTeam Asgarian · Broker
No automatic estimate

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Neighbourhood & location

Aurora Village, Aurora, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$2,730/mo
$127KIncome needed
4.7×Price ÷ income
$630Weekly cost
$8,455Land 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.

76%mortgage
Mortgage $2,730Property tax $266Condo fee $583Total carry $3,579

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)
$2,650per month

Mortgage amount $479,200 · 4.49% over 25 years

$119,800Down payment (20.0%)
$479,200Loan before insurance
$0CMHC premium
$3,498Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,650
Property tax
$266
Condo / maintenance fees
$583
Heating
$0
Estimated monthly cost
$3,498

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

One-time closing costs

Ontario land transfer tax
$8,455
Estimated closing costs
$8,455

Plus your down payment of $119,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,207/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

$315,674Total interest paid
$794,874Total of all payments
Principal $479,200 Interest $315,674
YearPrincipalInterestBalance
1$10,694$21,101$468,506
2$11,179$20,616$457,327
3$11,687$20,108$445,640
4$12,217$19,577$433,423
5$12,772$19,023$420,651
6$13,352$18,443$407,299
7$13,958$17,837$393,340
8$14,592$17,203$378,748
9$15,255$16,540$363,494
10$15,947$15,848$347,546
11$16,671$15,124$330,875
12$17,428$14,367$313,447
13$18,220$13,575$295,227
14$19,047$12,748$276,180
15$19,912$11,883$256,269
16$20,816$10,979$235,453
17$21,761$10,034$213,692
18$22,749$9,046$190,943
19$23,782$8,013$167,162
20$24,861$6,933$142,300
21$25,990$5,805$116,310
22$27,170$4,625$89,140
23$28,404$3,391$60,736
24$29,694$2,101$31,042
25$31,042$753$0

At the end of your 5-year term

Total paid over the term
$158,975
Principal paid down
$58,549
Interest paid
$100,425
Balance remaining
$420,651

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$4,750/mo
$57,000Gross annual rent
6.7%Cap rate after taxes and upkeep

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.

9.5%
Gross yield
− Property tax $3,190− Condo fees $6,996− Insurance $600− Vacancy & upkeep $6,270Net operating income $39,944

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

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