Ajax City is one of the most diverse cities in Durham, Ontario. It is located in the middle of the Durham region, with Pickering bordering it to the North and West. Whitby also borders the city to the East and Lake Ontario to the South. The waterfront and vibrant community make it one of the most exciting places to live and run some investments.
Ajax houses one of the fastest-growing populations in Toronto, with a diverse composition of over 65 languages. The city does not discriminate against anyone and is friendly to people from all races and backgrounds. Business ideas tend to favor regions with high population growth, and Ajax isn’t left out either. One of the most popular investment ideas in the city will outrightly be around Real Estate, buying pre-construction homes. This article will look into everything Ajax has to offer surrounding investing in Buying Pre Construction houses in Ajax. Why don’t we start with a bit of history?
Most people in the youthful generation have been moving from the city to the suburbs. That’s reasonable because Ajax offers an insanely blooming economic structure that welcomes every type of investment. It is easier to raise a family in Ajax than in any other part of the state.
Most recently, Ajax has been dubbed ‘a place of new developments’ so investors won’t lack a money-making opportunity in the vast market. House hunters may be on the better side as the town offers newly built houses at surprisingly lower rates than all other parts of Durham. You’ll find pre-construction homes, semi-detached homes, townhomes, and anything else you’re looking for.
The cultural aspect of Ajax is never overlooked as the city offers more cultural flavor than all other cities around it. The cultural diversity of the people of Ajax leaves you in awe of their different lifestyles and cuisine. The mixed culture paves the way for a blend of great stores and restaurants, making the place worthwhile for a weekend out.
If you love beautiful scenery, then Ajax will be your next love. The city is a hub of unspoiled beauty! It offers a whole 6km of waterfront along the shore of Lake Ontario. Moreover, you won’t run out of spanning creeks, beautiful bridges, natural land, and other beautiful scenery across the city. Most residents and visitors will prefer their picnics and recreational activities along the Ajax Waterfront. A multi-trail is mainly used for in-line skating, jogging, cycling, and walking.
Ajax’s employees are its ambassadors. The city’s success is directly linked to its employees, and jobs are as available as ever. According to Indeed.com, we currently have close to 10,000 job opportunities to be explored in the area according to Indeed.com.
You can find houses of any kind in the city of Ajax, ranging from 1 Bedroom to 4-Bedroom houses and above. All these come at different prices. However, detached homes are the most prominent properties bought and sold in Ajax, doubling the townhouses and exceeding condominiums significantly.
That perfectly reflects the housing situation in Ajax and shows you that it is easier to get a good house at one of the cheapest price points in the whole of Toronto.
The demand for housing in Ajax is hiking as each day passes. That means you have a great shot at real-estate investment as more people are willing to purchase homes and live in the city. However, the rising prices may make it impossible for the younger generation to purchase homes in Ajax in the foreseeable future.
The DBHA (Durham Home Builders Association) former president Johnathan Schickedanz recently stated that there’s a housing shortage in Ajax, and when the commodity gets scarce, the price tends to rise. He also insisted that even when Ontario might be in a housing crisis, the people of Ajax deserve more housing and, more importantly, the right mixing of housing. Meredith Kennedy, DRAR president, stated that first-time homeowners are currently being locked out of the housing market.
It is speculated that there should be a minimum of 1 million new homes built in Ontario in the next decade. The baseline is that there is an expected influx in the population of Ajax, translating to more home units and real business investment.
In the last ten years, the prices of Condominiums, Condo Townhomes, Freehold Townhomes, and Detached homes have seen massive variation. According to listing.ca, for instance, the highest monthly change in real estate prices came in at around +18.75% in June 2020. On the contrary, the lowest dip in prices was at a record -34.74% in April 2022, this year. The Average Sold Price in April 2022 for condominiums, townhomes and detached homes is around $637,500 as compared to March’s $976,875.
However, compared to the past years, the recent half a decade has seen more price rises than any other year in the 10-year span. Moreover, these projects don’t spend too much time on the market recently as they did around ten years ago. Interestingly, the longest it took for a condominium, townhome, or detached home to be sold in the last ten years was 30 days back in January of 2012. In 2021, projects only lasted in the market for either 4, 5, or 6 days, except in July 2021, when the average rose to 21 days but then dipped to six in the following month. In 2022, the average number of days on the market for real-estate deals hasn’t gone past five days.
The number of sales per year has been roughly consistent all along since 2012. The highest was 273 in April 2021. The number of times the sales dropped below 100 is countable, indicating there’s a constant market for homes in Ajax, Ontario.
|Type of House||2022||2021||2020||2019||2018|
Ajax is one of the fastest-growing towns in Greater Toronto. It is situated along Lake Ontario and has faced increased population growth in the recent past due to a spur in development. The population offers numerous opportunities for investors to set up businesses in the area. The most predominant investment in the region concerns the Real Estate sector because of the exponential increase in population – Everyone will need a roof over their head.
Again, Ajax has a pretty formidable Transit-and-Go infrastructure system that eases movement around the city. With Highway 401, you can comfortably access any part of the city, making it one of the most accessible cities to navigate in greater Toronto. Every good investment relies on great infrastructure channels, and Ajax has that in check.
Reports state that Ajax has some of the lowest house prices in the Greater Toronto Area. Well, that’s all an investor would want to hear in a booming market like Ajax’s. It’s a no-brainer that houses will have a high resale value after a short time due to the tremendous population increase. Moreover, the area is surrounded by numerous spas, shopping destinations, and dining spots. These alone will give every investor the incentive to plan on investing in the area.
Ajax is also fond of tourists and people willing to spend the more significant part of their evening chilling out in the fresh air. That is due to the Rotary and Waterfront parks and several trails and parks. The lake’s shore makes another beautiful sight, especially in the warm, sun-filled evenings. Moreover, you get the chance to enjoy several fun activities like horse racing, casinos, and others from the vast cultural recognition and entertainment spots.
There are numerous construction projects in Ajax every year. These are the eight major pre-construction projects that you could put your money on.
Location: 10 Doric St, Ajax, Ontario, Canada.
Development by OSMI Homes
|Development By||OSMI Homes3|
|Sales status||Now Selling|
|Suites Sizes||2171 to 2223 sq ft|
Ruback Town is one of Ajax’s newest and most lucrative pre-construction townhomes. It is located along 10 Doric St, ON, Canada and is under development by OSMI Homes. The townhome will be situated near Kingston Road and Harwood Ave. The townhome will have ten units, and their sizes will range from 2171 to 2223 square feet. Each home will have four spacious bedrooms and 3.5 bathrooms.
More info about Ruback Townhomes
There are numerous educational institutions that you can access from Ruback townhomes. The neighbourhood is filled with several schools, with Durham Secondary, UOIT, Lord Elgin Public School, and Archbishop Denis O’Connor Public School resting within a close radius.
If you live in Ruback Townhomes, Ajax, you’ll have all nature to yourself. There are lots of cycling trails, pedestrians, and preserved wetlands that will be worth your weekend or free time. You can also spare some time and stroll around the Waterfront Park, Rouge National Park, or Millers Creek Park.
Why live in an area where you have to cover long distances to go shopping? The nearby Kingston Road and Harwood Avenue streets harbor several small restaurants and shops. However, if you need a wider choice for a better dinner or shopping, the Pickering Town Center and Durham Shopping Center are close by. The restaurants offer an excellent and wide selection of cuisines for any-sized meal plans, while the stores are well-stocked to suit any of your needs.
There are two-floor plan models for you to choose from. We have six Crystal models and four Diamond models. If you need optional floor plans, you can contact Ruback Townhomes for clarity and more information.
About the Developers: OSMI
OSMI homes introduce a blend of indulgence, comfort, and design to the real-estate projects they run. Despite the fact that they are relatively new in the industry, they have a rich portfolio of the homes they’ve constructed.
Location: 361 Taunton Rd W, Ajax, Ontario, Canada
Development By Valour Capital Group
|Building Type||Condo and Townhouse|
|Development By||Valour Capital Group|
The Ajax Taunton Condos is a new set of condominiums under construction along 361 Taunton Road. Valour Capital Group is the body behind the building. The project features an 8-storey unit with around 1541 units with modern and high-quality interiors and amenities.
The whole project is divided into four phases, and the first phase includes finishing off the first condominium with around 391 units. The second phase consists of a senior condominium with 308 units. The third phase covers an 800+-unit condominium, while the fourth phase includes a 42-unit townhome construction.
The condominiums come with amenities such as a Lounge, Fitness Room, Party Room, and Elevator.
More info about Ajax Taunton Condos
Taunton’s neighborhood houses numerous amenities and vast green spaces. The project is located to the north of Ajax’s Highway 401. One great thing about the surrounding area is that housing prices are subsidized. Schools and parks are also relatively affordable, so you won’t have a hard time taking kids to school or getting yourself some fun.
The neighborhood is pretty peaceful, and the roads are never traffic-laden. These bike-friendly streets and alleys are also homes to several shopping centres, stores, and food parlors. You’ll find all kinds of restaurants and shopping stops along Highway 401.
Here’s a roundup of the prominent places you can go around Taunton.
About the Developer: Valour Capitals
Valour Capitals work with approved development proposals and sourcing real estate assets. They carefully identify real-estate opportunities and take the necessary steps to determine their projects’ viability and strategize a viable financing solution.
Location: Ravenscroft Road & Taunton Road West, Ajax, Ontario
Development by Crystal Glen Homes
|Development By||Crystal Glen Homes|
|Suites sizes||2400-6500sq ft|
The Jax Condos project is a new pre-construction project located around Ravenscroft Road & Taunton Road. The project includes numerous condos in five units, each nine storeys high. The completion date is undisclosed yet, but you can always ask through Crystal Glen Homes contacts. Again, the occupancy capacity is undisclosed to this date.
The project plans have an elegantly designed exterior. The overall structure will be a mixture of uniqueness and a modern touch. There will be ample parking space too!
Jax Condos spans across 1961 Ravenscroft Rd, Ajax. There are numerous dining, entertainment, and shopping joints across the area. The roads are pretty great (they have an average walking score of 54), and you can quickly access all parts of the neighborhood.
Residents can go to No Frills Summerhill, Food Basics, No Frills Summerhill, and other options for groceries. There are multiple shopping centres, including International Clothiers, Roots 73 Factory Outlet, and Reitman’s.
Educational institutions are everywhere. The area has a mixture of educational institutions ranging from Ajax High School, Bolton C Fably School, Little People’s Play School, Durham College, and Centennial College. You also get numerous public parks, including the Hermitage Park, Nottingham Central Park, Ajax Waterfront Conservatory Area, and Picov Parkette, among others.
The area around Jax Condos is pretty commutable and has a network of roads to help you get by pretty quickly. Using the Durham Region Transit, you can get to the Ajax GO Station in 5 minutes. Highway 401 also eases motorists’ access to the city’s core.
About the Developer: Crystal Glen Homes
Crystal Glen Homes has been in the real estate industry for over 35 years. Unlike other starters, Crystal Glen Homes have had enough experience in the construction industry in Toronto and have seen through several projects to a conclusion. Their outstanding quality has earned them numerous awards regarding the quality and beauty of their craft. Currently, the Jax Homes project is the only one they’re running.
Location: 27 Harwood Ave S Ajax, Ontario
Development by U Developments
|Development By||U Developments|
|Suites sizes||1755-2060 sq ft|
|Architect(s)||Richard Henry Architect and NSDA Architects|
U Developments is responsible for constructing the 27 Hardwood Condos located along the L1S 2B8, 27 Harwood Ave South, Ajax, Ontario. The project involves a 9-storey structure with 131 habitable units. The house will have nine storeys, and its estimated completion/occupancy date has been undisclosed till now.
The condos will offer its prospective residents a mix of modern housing style as well as exquisite interiors and amenities. The project’s architecture is handled by RAW designs, who have a good history of giving awesome designs. The site is excellent for retail, residential and commercial purposes. It is accessible via Kingston Road and offers an array of facilities and amenities.
With a walk score of 79, the area road network offers you a safe commute around to get to retail stores, shopping, dining, recreational sports, and much more. Each one of those is only a few minutes from the condos. You can get fresh food supplies from spots like Maritime Fresh Seafood, Maimana Naan, and Buon Giorno Italian Bakery are some of the best dining and shopping options you can get from the neighborhood.
Arbour Park, Dennis O’Connor Park, and Lord Elgin Parks are some of the most popular places where you can spend your free time and experience some wildlife. Educational institutions come in plenty, with some of the most immediate being the Archbishop Dennis O’Connor High School and Lord Elgin Public School.
Regardless of who you are, 27 Harwood Ave Condos will offer you everything you need above a comfortable lifestyle.
About the Developer U Developments
Blending form and functionality, U Developments has been one of the go-to options when it comes to real-estate construction projects. They are currently running two more projects; the 253 Queen and 320 Bronte Condos.
Location: 282 Monarch Avenue, Ajax, Ontario
Development by 95 Developments
|Development By||95 Developments|
|Architect(s)||Grant Associates and Architects, and Wilkinson Eyre Architects|
Garden On The Bay is a new condo project that will paint a new picture on 282 Monarch Avenue, Ajax, Ontario. It is a project under construction by 95 Developments and features an all-new premium condominium. The condominium is located near Bayly Street.
The project is set to have a total of 949 apartments distributed within four towers and a load of other quality lifestyle amenities. The residential apartments will offer a wealthy health-focused lifestyle.
Garden On The Bay is located in an active neighborhood and has everything you need in reach. The region is well-connected and offers abundant transit choices to and from the city. The GO Train station and Highway 401 are easily accessible from this region, making commuting within the neighborhood easy. You’ll need approximately five minutes to get to Highway 401 and half an hour to get to Toronto. You’ll need only four minutes to get to the train by car.
There are numerous schools within the vicinity to provide both children and adults with quality education. This mixture of private and public schools involves institutions such as; Pickering High School, ST. Jude Catholic School and Applecroft Public School. There’s a good selection of eateries and retail shopping centres within reach for you to get your grocery supplies and some shopping.
Moreover, you can take a walk down the numerous lakeshore parks we have around Garden On The Bay in your free time. For instance, the Farmer’s Market is only 10 minutes away from the condos. There are other public urban living facilities like the Ajax Pickering Hospital, Ajax Public Library, and Ajax Hardwood Plaza, which are a walking distance away.
About the Developer, 95 Developments
95 Developments is committed to providing customer satisfaction through the convenience and quality portrayed in their projects. Their desire to give you more than excellent housing drives them toward employing innovation and ethical standards in their developments. 95 Developments is currently running four more projects in Toronto.
Location: 290 Old Harwood Avenue, Ajax, Ontario
Development by Greenvilla Homes
|Development By||Greenvilla Homes|
|Suites sizes||2100-2300sq ft|
The Henderson Manor Townhouse is the newest project in Ajax by Greenvilla Homes. It is situated around 290 Old Harwood Avenue in Ajax, Ontario. The building will be a low-rise one, with only three storeys and 20 units in total. Completion and occupancy of the construction are undisclosed.
Sitting in the centre of Ajax, the Henderson Manor is located between Harwood Avenue North and Kingston Road West.c the facility boasts a mixture of amenities and features fit for people of all ages and professions. The habitable spaces come in two or more bedroom layouts and spacious floor plans. The finish is entirely modern, and every house will have a private elevator. There will be a familiar spot for the residents to enjoy their sun out.
The location of the Henderson Manor favors your shopping, food, and entertainment options from its proximity to respective food, shopping, and entertainment spots. With a walk score of 64, you can comfortably run all errands on foot. There are numerous schools, restaurants, shopping outlets, and public libraries within the vicinity.
To be specific, you can take your meals from Wimpy’s Dinner, Fionn MacCool’s, Kelsey’s, and Tim Hortons, among others. The few good grocery outlets in the neighborhood are M&M Food Market, Costco, and Bulk Barn. If you need some time with nature, the Picov Parkette, Hermitage Park, and Nottingham Central Park are some of the most incredible places for a walk.
The Transit Score of Manor is 48, so you’ll not have difficulty navigating around. You will have access to major roads and the Ajax GO Station.
About the Developer Greenvilla Homes
Greenvilla has had years of running real-estate projects. They work hard to ensure you get your best interests and more with the outstanding quality they put to their condos and townhouses across Ontario. Presently, the Henderson Manor is the only project Greenvilla Homes is running.
Location: Rossland Road West & Harkins Drive, Ajax, Ontario
Development by DC&F Corp
|Development By||DC&F Corp|
The environment in Ajax Meadows is refreshing. The natural beauty and the parks in its surrounding makes the area lively. Education is not left behind since there are several learning institutions nearby. That is the best ideal for families since there are many shops and restaurants in the immediate neighborhood.
The townhomes are designed to offer a luxury living environment, with spacious interiors and up-to-date kitchen setups amid vast spaces to work and study from home. Moreover, the natural features around the project have been protected during construction to offer a balance in nature.
You can pick up your groceries from the Real Canadian Superstore, M&M Food Market and Ric No Frills, Food Basics, and Al-Amin Groceries, among other outlets. Dining can be obtained from Freak’n Greek Grill House, Marhaba Food Centre, Tropical Delight Eatery, Aunty’s Recipe, Mexico Lindo, and Yardies Caribbean Cuisine, among others.
There are numerous options for leisure and entertainment as you can take your evening walk along with the nearby parks, including Mullen Park, Horne Park, Paulynn Park, and Mullen Creek Park, among others.
There are numerous educational institutions within the vicinity like Ecole Ronald-Marion, St. Wilfred Catholic School, Lincoln Alexander Public School, and the Alexander Graham Bell Public School, among other private and public schools.
The area around the Ajax Meadows is laced with a reliable transit system that allows you to move around comfortably. The project entitles 27 modern townhomes put together into a single community along Rossland Road. The estimated completion date is somewhere in 2023, and the prices are undisclosed.
About the Developer DC&F Corp
DC&F Corp has been constructing elegant communities around the GTA with its renowned extensive management, sourcing, planning, and development. They exceed all expectations in their construction and always come through on point and within budget.
Location: 520 Rossland Rd West, Ajax, Ontario
Development by Castleton Communities
|Development By||Castleton Communities|
|Architect(s)||Harkins Virtual and Construction Engineer|
Harkins Ridge Towns is a townhome under construction in Ajax. This project by Castleton Communities is located around the 520 Rossland Road, Ajax, Ontario, and is expected to have 27 residential suites. Apart from the usual basic amenities, the future residents of the Harkins Town will have golf courses and numerous vast spaces at their disposal to explore.
The basic amenities offered by the Harkins Ridge Townhomes are a private backyard, private balcony, BBQ area, and Outdoor terrace.
The neighborhood within has a plethora of local stores, eateries, retailers, restaurants, parks, and many more. Besides, there are numerous educational institutions and recreational spots within near reach. The schools include the Lester B Pearson School, Patrick Catholic Elementary School, Vimy Ridge Public School, etc. The area has exquisite golf courses where you can take a walk in your free time. Examples of such are the Pickering Golf Club and Riverside Golf Course. If you need to commute around, you could use the services of the easily-accessible Highway 401. The highway connects you to the Ajax GO Station if you want to board the train.
About the Developer, Castleton Communities
Castleton Communities is one of the most respected real estate developers from Ajax. Their popularity can be related to their vast portfolio of experienced and established developers and builders. All their projects have a touch of care, commitment, craftsmanship, and class.
Ajax is a continuously growing city and one that is among the most business-friendly zones in greater Toronto. The population has increased exponentially in the past few years. As a result, there has been a rise in numerous business opportunities for any investor. Real Estate investing will definitely be the order of the day, and yes, Ajax is the best market for such. However, you need to put in mind a few ideas before diving into business. You’ll need to collect as much information as you can concerning your target project. Get a comprehensive understanding of the real estate market and as well brace yourself with the current real-estate price trends.
Moreover, you should have an ideal ‘Best Home’ idea in your plans with necessities like the accessibility to restaurants and shopping stores, Highways, Parks, and educational institutions put into consideration. The price should also be a factor too, but you might need to spend a little more for a little better quality!
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