148 Aurora Heights Drive, Aurora

$979,000
148 Aurora Heights Drive

$979,000

New
2d
Detached2-Storey

148 Aurora Heights Drive, Aurora

Total Monthly Obligation $4,755

Beds
3
Baths
4
Park
2
Sqft
1100-1500
DOM
2d
Score
16
Yield
3.8%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.1%
Property Type-Detached
MLS® Number-N14104578
Beds-3
Bathrooms-4
Size-1100-1500 sqft
Lot Size-109.77 × 46.87 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$5,173.43 (2025)
Parking-3.5 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS TORONTO CITY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-60-90
Neighbourhood-Aurora Heights
Title-Residential Freehold

No agent assigned

Set on a beautiful corner lot in sought after Aurora Heights, this inviting home offers a rare sense of privacy with a backyard backing onto the grounds of Our Lady of Grace Catholic Elementary School. Enjoy the open outlook, landscaped surroundings, an ideal setting for quiet mornings, family gatherings and relaxed outdoor living.The bright main floor brings the living and dining areas together around a bay window. The kitchen opens to a sunken eating area with a walkout to the deck, creating an easy connection between everyday meals and time outdoors. Upstairs, three bedrooms include a primary with a 2 piece ensuite, along with a 3 piece main bath.The finished lower level is currently arranged as an exercise room and recreation room, with a 3 piece bath. One room could be reimagined as a fourth bedroom with convenient access to the bathroom, offering added flexibility for family, guests or potential in law or nanny quarters. A spacious laundry room with abundant storage offers the opportunity to create a beautifully organized space for a growing household.Enjoy a convenient location close to schools, parks, Aurora Community Centre, public transit and everyday amenities. With its private feeling backyard, versatile living spaces and welcoming neighbourhood setting, this home offers a wonderful place to settle in and enjoy Aurora Heights.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$783,200
Land Transfer Taxes$16,055
Legal Fees (Est.)
$
Total cash required for closing$213,355

Total Monthly Obligation

$4,755/mo
Mortgage $3,949
Monthly Loss $3,716
Principal$1,039
Interest$2,910
Property Tax$431
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%1
5-Year IRR
6.8%17
10-Year IRR
8.1%
Returns Index
10.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$37,284/yr
NOI
$23,882/yr
Net Cash Flow
-$1,959/mo
Cash Margin
-63.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo32
Risk Index
18.2/ 100

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

Comparables

Properties near 148 Aurora Heights Drive

Time

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