243 Ridge Road, Aurora

$2,795,000
243 Ridge Road

$2,795,000

Price Change
28d
Detached2-Storey

243 Ridge Road, Aurora

Total Monthly Obligation $12,494

Beds
5
Baths
4
Park
10
Sqft
3000-3500
DOM
28d
Score
14
Yield
2.9%
Cash on Cash
-10.2%
Cap Rate
2.4%
5Y IRR
7.6%
10Y IRR
8.4%
Property Type-Detached
MLS® Number-N13827006
Beds-5
Bathrooms-4
Size-3000-3500 sqft
Lot Size-145.11 × 577.94 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Taxes-$10,134 (2025)
Parking-12 - Attached
Basement-Finished, Finished with Walk-Out, Separate Entrance, Walk-Out
Heating-Forced Air (Gas)
Brokerage-REMAX YOUR COMMUNITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood, Family Room
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Immediate
Neighbourhood-Aurora Estates
Title-Residential Freehold

No agent assigned

Private ~2 Acre ~5000SQFT Total Aurora Estate. Serene Hilltop Location. Aerial Views of City Lights & Mature Forests All Around. Unparalleled Privacy, Calmness & Serenity. Tucked Away at the Very End of a Private Cul-de-sac with Private Owners-Only Road Access. Exceptional Value In The Highly Renowned Aurora Estates Community Surrounded by Multiple $5M-$10M Neighbouring Estates. The Best Combination of Location, Privacy, Safety & Proximity. A Cottage-Like Estate In The City - 60 Seconds from Yonge St & all shopping needs yet Quiet, Tranquil & Private Like There's No One Around. Too Many Upgrades to Name. Oversized Garage, Long Driveway Easily Fits 10+ Large Cars. Useable Land & Room to Grow/Add, Build up to 3 RDUs. Back of Property May Be Severed to Form A New Building Lot to Build a 2nd Home or Simply Sell the Severed Lot. For Reference Smaller Building Lots on Ridge Rd Have Sold $1.215-$3M. Merely the Land Value of the Lots on this Property Severed Could Exceed the List Price. Endless Potential. 5 Beds, Private Entry Loft w/ Floor to Ceiling Skylights. 2 Separate Staircases. Main Floor Bedroom Can Be Used As Home Office or Formal Dining Room. 4 Baths: 6Pc Master Ensuite, 5Pc Main Bath, 2 Powder Rooms on Main Floor. Multiple Organic Fruit/Vegetable/Herb Trees & Plants- Tons of Mint (3 Varieties), Tomatoes, Sage, Chives, Potatoes & Pumpkins. Roses, Ontario Flowers, Hibiscus, Tulips & many other Flowers/Trees Surround the Front Yard. Enjoy Pure, Clean Water From The Private Well. Full & Comprehensive H20 Filtration System T/O Home & Exterior Hoses Via The Main Filter Presser, UV Light Disinfectant, Softener Salt Tank & Reverse Osmosis System. W/O Basement w/ Glass Sliding Door, Basement Also Accessible From Garage Through Rear Deck. No Rental Items, No Municipal H20 Bills. Reduced Overhead More Freedom. Municipal Water at Road. Truly A Once In A Lifetime Property. Turn-Key For End Users & Oozing w/ Potential for Prospective Investors. A True Gem In The Aurora Estates

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$2,236,000
Land Transfer Taxes$56,350
Legal Fees (Est.)
$
Total cash required for closing$616,850

Total Monthly Obligation

$12,494/mo
Mortgage $11,274
Monthly Loss $9,527
Principal$2,967
Interest$8,307
Property Tax$845
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.9%0
5-Year IRR
5.4%12
10-Year IRR
7.0%
Returns Index
7.5/ 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
$80,700/yr
NOI
$57,996/yr
Net Cash Flow
-$6,441/mo
Cash Margin
-95.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
0.8 mo14
Risk Index
12.1/ 100

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

Comparables

Properties near 243 Ridge Road

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.