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Listed 2 months ago

515 Kingston Road W

Central West, Ajax

$1,299,000

Detached|2-Storey
3 | 2 | 17
About this home

Rare opportunity to acquire a versatile mixed-use property in the heart of Historic Pickering Village, one of Ajax's most established and evolving communities. Situated on a generous 50 x 270 ft lot with excellent frontage on Kingston Road West, this unique property offers both residential and commercial functionality, making it ideal for investors, entrepreneurs, end-users, or those seeking a live-work opportunity. The upper level features a self-contained residential apartment, while the main level provides flexible commercial space suitable for a variety of permitted uses. The property's strategic location benefits from strong visibility, steady traffic exposure, and convenient access to Highway 401, public transit, shopping, restaurants, schools, and community amenities. Positioned along the Kingston Road corridor, an area experiencing continued investment, revitalization, and planned transit improvements, this property presents excellent long-term potential. Whether you're looking to operate your business on-site, generate rental income, or secure a property in a growing corridor, this is a unique opportunity to own a well-located mixed-use asset in Ajax. Buyer to conduct their own due diligence regarding zoning, permitted uses, redevelopment potential, and future land use planning.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$7,587
Lot Size50 ft x 270 ft
mls© NumberE13419956
Listed ByROYAL LEPAGE ASSOCIATES REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,649
Property tax
$632
Heat allowance
$150
Housing costs
$7,431 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $259,800
25-yr amortization

Income needed

$229,000

gross annual household income

Payment at 4%
$5,466 / mo
Cash down
$259,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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