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Listed 13 days ago

31 Elm Street

Central, Ajax

$700,000

Detached|Bungalow
2 | 2 | 5
About this home

Attractive and beautifully renovated, this charming 2+1 bedroom bungalow offers the perfect blend of comfort, style, and opportunity. Featuring a separate entrance to a fully finished basement, it's ideal for multi-generational living or rental income . The bright eat-in kitchen walks out to a maintenance-free deck overlooking a spacious backyard, creating the perfect space for entertaining or relaxing. Thoughtfully updated throughout, this home showcases a stunning custom cedar front porch, gleaming hardwood floors on the main level, new basement tile flooring, elegant crown moulding, a beautifully renovated lower-level bathroom and 2 separate laundry. Enjoy peace of mind with major mechanical updates, including an owned hot water tank (2025) and an owned furnace (2016).Situated in a sought-after family-friendly neighbourhood, you'll love the unbeatable location just minutes from top-rated schools, the hospital, GO Station, Highway 401, shopping, entertainment, and places of worship. Whether you're a first-time buyer, investor, or looking for a home with income potential, this exceptional property offers incredible value and endless possibilities. Don't miss your chance to make it yours!

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,483
Lot Size43 ft x 115.51 ft
mls© NumberE13596868
Listed ByMODERN SOLUTION REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,583
Property tax
$374
Heat allowance
$150
Housing costs
$4,106 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $140,000
25-yr amortization

Income needed

$126,000

gross annual household income

Payment at 4%
$2,946 / mo
Cash down
$140,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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