64 Wells Street 305, Aurora

$825,000
64 Wells Street 305

$825,000

New
15d
Condo ApartmentLoft

64 Wells Street 305, Aurora

Total Monthly Obligation $4,693

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
15d
Score
14
Yield
3.5%
Cash on Cash
-13.5%
Cap Rate
1.7%
5Y IRR
5.0%
10Y IRR
6.5%
Property Type-Condo Apartment
MLS® Number-N13881230
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 8, 2026
Style-Loft
Building Type-Condo Apartment
Taxes-$4,028.92 (2026)
Maintenance-$829.36/mo
Locker-Owned
Parking-1 - Carport
Basement-None
Heating-Forced Air (Gas)
Brokerage-CHESTNUT PARK REAL ESTATE LIMITED
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Aurora Village
Title-Residential Condo & Other

No agent assigned

OPEN HOUSE - Saturday October 24 from 11am-1pm. Welcome to the Wells Street Schoolhouse Lofts. A rare opportunity to own a piece of Aurora's history in this beautifully converted schoolhouse, right in the heart of Historic Aurora Village. Full of character and charm, this freshly painted, like-new 2-bedroom, 1 bath, loft offers a unique blend of historic architecture and modern living. Enjoy soaring 13-ft ceilings, oversized schoolhouse windows, beautiful eastern exposure and an open sunroom overlooking the treetops. The open-concept layout feels bright and inviting, with engineered hardwood floors, a Scavolini kitchen, quartz countertops and a breakfast bar perfect for everyday living or entertaining. With 872 sq. ft. of interior space with a 44 sq. ft. terrace, there's room to spread out and enjoy the best of loft living. An ideal fit for first-time buyers, down-sizers or busy professionals looking for something a little different. One parking space with an EV charger and a storage locker are included. Residents also enjoy a fitness room and a meeting/social room. Step outside and experience all that Aurora Village has to offer, from the Farmers' Market and Town Park to Library Square, local restaurants, shops and community events. Walk to the Aurora GO Station for an easy commute, with convenient access to Highways 400 and 404. Opportunities in this sought-after, low-turnover building are few and far between.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$660,000
Land Transfer Taxes$12,975
Legal Fees (Est.)
$
Total cash required for closing$179,475

Total Monthly Obligation

$4,693/mo
Mortgage $3,328
Monthly Loss $3,817
Principal$876
Interest$2,452
Property Tax$336
Condo Fees$829
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.2%8
Cash-on-Cash
-16.9%0
5-Year IRR
2.6%6
10-Year IRR
5.1%
Returns Index
4.0/ 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
$29,292/yr
NOI
$9,982/yr
Net Cash Flow
-$2,496/mo
Cash Margin
-102.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.252
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
17.5/ 100

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

Comparables

Properties near 64 Wells Street 305

Time

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