5 Luce Drive, Ajax

$1,250,000
5 Luce Drive

$1,250,000

New
29d
Detached2-Storey

5 Luce Drive, Ajax

Total Monthly Obligation $6,083

Beds
6
Baths
5
Park
2
Sqft
2000-2500
DOM
29d
Score
15
Yield
3.3%
Cash on Cash
-10.1%
Cap Rate
2.4%
5Y IRR
7.6%
10Y IRR
8.4%
Property Type-Detached
MLS® Number-E13824558
Beds-6
Bathrooms-5
Size-2000-2500 sqft
Lot Size-39.06 × 88.67 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,987 (2025)
Parking-4 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 LEADING EDGE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Other
Sewer-Sewer
Possession-Flexible
Neighbourhood-Northeast Ajax
Title-Residential Freehold

No agent assigned

"Beautifully Upgraded 4-Bedroom Detached Home with Double Garage & Finished Walk-Out Basement in Ajax!" Welcome to this beautifully upgraded and exceptionally well-maintained 4-bedroom detached home, ideally located in one of Ajax's desirable family-friendly neighborhoods. Featuring an impressive brick and stone exterior, a double-car garage, and a spacious, functional layout, this home offers the perfect combination of style, comfort, and versatility. The bright, open-concept main floor is filled with natural light from numerous windows and enhanced by pot lights throughout. The seamless layout connects the inviting living area, cozy family room, and spacious eat-in kitchen-perfect for both everyday family living and entertaining. Thoughtfully upgraded throughout, this home features a new kitchen, new flooring, renovated bathrooms, new appliances, and creating a modern and move-in-ready living space. The finished walk-out basement provides valuable additional living space with direct access to the backyard and excellent potential for an in-law suite, extended family living, or future rental income, subject to applicable municipal requirements. Conveniently located close to schools, parks, shopping, transit, major highways, and everyday amenities, this beautiful Ajax home offers space, upgrades, and exceptional potential for its next owner

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,000,000
Land Transfer Taxes$21,475
Legal Fees (Est.)
$
Total cash required for closing$272,975

Total Monthly Obligation

$6,083/mo
Mortgage $5,042
Monthly Loss $4,756
Principal$1,327
Interest$3,715
Property Tax$666
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.9%12
Cash-on-Cash
-13.5%0
5-Year IRR
5.0%11
10-Year IRR
6.7%
Returns Index
6.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$40,800/yr
NOI
$24,233/yr
Net Cash Flow
-$3,023/mo
Cash Margin
-88.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.403
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo25
Risk Index
15.4/ 100

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

Comparables

Properties near 5 Luce Drive

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.