237 Lake Driveway W, Ajax

$1,499,995
237 Lake Driveway W

$1,499,995

New
22d
Detached2-Storey

237 Lake Driveway W, Ajax

Total Monthly Obligation $7,155

Beds
5
Baths
4
Park
6
Sqft
2000-2500
DOM
22d
Score
14
Yield
3.0%
Cash on Cash
-10.7%
Cap Rate
2.3%
5Y IRR
7.2%
10Y IRR
8.1%
Property Type-Detached
MLS® Number-E13847354
Beds-5
Bathrooms-4
Size-2000-2500 sqft
Lot Size-56.85 × 139 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Taxes-$8,749 (2025)
Parking-8 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-eXp Realty
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Inground
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South West
Title-Residential Freehold

No agent assigned

Welcome to this beautifully appointed and immaculately maintained 4+1 bedroom home, ideally situated in one of Ajax's most sought-after neighbourhoods, just steps away from beautiful waterfront trails. Set on a generous lot backing directly onto TRCA Land, this rare property offers the privacy of no rear neighbours and an exceptional outdoor setting that is difficult to find. Inside, a grand entry sets the tone for the bright and thoughtfully designed interior. The open-concept main level is filled with natural light and offers an effortless flow between the principal living spaces, creating an inviting setting for both everyday living and entertaining. The kitchen was fully renovated in 2022, featuring a beautiful new island, updated countertops, and a modern, functional design that complements the home's overall appeal. The finished lower level adds valuable flexibility with space for a fifth bedroom, home office, recreation area, gym, or guest accommodations. Throughout the home, pride of ownership is evident with numerous updates and improvements thoughtfully completed over the years, including custom stairs, spindles and treads, and updated flooring in 2020. Additionally, the roof was updated in 2016, and a newly renewed deck was completed in 2026. Outside, the backyard proves to be one of the standout features of the property. Backing onto protected conservation land resulting in no rear neighbours, this private outdoor retreat features custom landscaping with stamped concrete and a stunning pool, creating an exceptional space for entertaining, relaxing, and enjoying long summer evenings. The pool has been meticulously maintained with the input of a new liner in 2020, a 2024 pump and heater, and a custom winter cover from 2023/2024. This home truly provides the rare opportunity to own a move-in-ready home in a highly desirable Ajax location while offering a generous lot with exceptional privacy, truly creating a setting that feels like your own private escape.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,199,996
Land Transfer Taxes$26,475
Legal Fees (Est.)
$
Total cash required for closing$327,974

Total Monthly Obligation

$7,155/mo
Mortgage $6,051
Monthly Loss $5,562
Principal$1,592
Interest$4,458
Property Tax$729
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.9%0
5-Year IRR
4.7%10
10-Year IRR
6.5%
Returns Index
6.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$45,720/yr
NOI
$27,899/yr
Net Cash Flow
-$3,726/mo
Cash Margin
-97.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo21
Risk Index
14.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 237 Lake Driveway W

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.