5 Raine Drive, Ajax, ON
Property no longer active
This property was sold on November 27, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Central. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $790,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 4 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 36.32 x 134.91 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Attention Investors, Contractors & Renovators! Opportunity knocks in Ajax's sought-after Central Westney-Magill pocket. This detached 4-bed, 4-bath, 2-storey home with finished basement and 2-car garage sits on a deep 36 x 134 ft lot offering solid bones, a functional layout, and endless potential for those ready to add value. Main floor features separate living/dining rooms with hardwood floors and French doors, family room with fireplace, and eat-in kitchen with walk-out to fenced yard. Upstairs boasts four spacious bedrooms including a primary with 4-piece ensuite and sitting area. Basement finished with rec room, wet bar, 2-pc bath and office/5th bedroom. Yes, the home needs work-repairs, updates, and finishing touches are required-but the location, size and structure make it a fantastic project for the right buyer. Comparable renovated homes in the area have recently sold in the $1.05M-$1.10M range. Being sold as-is, where-is. No warranties. Quick closing available. Bring your contractor and imagination-this is your next profitable project in Ajax!
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Property Summary
This detached home located at 5 Raine Drive, Ajax is currently for sale and has been available on SousaSells for 259 days. This property is listed at $790,000 with an estimated mortgage of $2,630* per month. It has 5 beds, 4 bathrooms, and is 2000-2500 square feet. 5 Raine Drive, Ajax is in the Central neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5 Raine Drive, Ajax, ON L1T 3L3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Ajax, ON
For a property listed at $790,000 in Ajax, the legal minimum down payment is $54,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,275 for this transaction. As this listing is in Ajax (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,275.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.