Ajax
The town of Ajax (also known as Ajax by the Lake) is located near the shores of Lake Ontario in the Durham Region and the real estate market is booming thanks to its close proximity to Toronto city. Under the Ontario province “Places to Grow Act”, the town of Ajax has been earmarked as one of the priorities “Urban Growth Center”.
Why Invest in Ajax Real Estate?
Ajax town has a robust public transport system as it’s served by the Durham Transit and GO Transit. It’s also easily accessible from all the major highways such as Highway 401 and Highway 407). Having a good public transport system and being easily accessible is one of the key factors that makes Ajax more attractive as one of the best towns to live and work in the Durham Region.
Amenities such as good performing schools, shopping malls, restaurants, entertainment joints, and recreational parks such as the Rotary Park and Ajax Waterfront Park are all available and easily accessible making the life of its residents and visitors fun and exciting. For outdoor activities, there are many trails along the parks or residents can visit Ajax Downs which is the only Quarter Horse Racing Track in Ontario.
Ajax’s downtown core is concentrated along Bayly Street and Harwood Avenue and many thriving businesses create employment opportunities for a significant number of the population. Businesses majoring in healthcare and manufacturing are also increasing in Ajax and they are among the top employers. The area has also undergone redevelopment to expand the street walkways, increase green spaces, and enhance lighting.
Data from the Toronto Real Estate Board indicate that Ajax has one of the highest property appreciation values in the Durham Region. The majority of properties in Ajax are single-family homes and detached houses although there is an increase in demand for new condominiums, especially from young professionals who value modern urban lifestyles. Rental income is also high as most of the residents are young working professionals and students. Therefore, investing in the Ajax real estate market can guarantee one of the highest returns on investment.
Accessibility of Ajax town
Getting to Ajax town and accessing its numerous neighborhoods is seamless as it has a solid public transportation system. Ajax is part of the Durham Regional Transit System and residents can easily access other parts of the Durham Region and Downtown Toronto. Ajax Go Train Station also provides transport services to different stations and it takes commuters 35 minutes only to reach Toronto’s Union Station. Those driving, they can get to Ajax town through Ontario Highway 2 or via Highway 401.The downtown core of this lakeside town has undergone great transformation making it a great spot for real estate investment.
Passengers using the Durham Regional Transit can use the Presto Cards to conveniently pay for their fares since they are easy to reload and can be used across multiple transit services across the Greater Toronto Area (GTA). Other acceptable transit payment options include; cash, paperless passes, and tickets. Passengers who belong to the Canadian National Institute for the Blind can get a free ride on Durham Regional Transit when they produce their CNIB cards. All Transit buses that are operated by Durham Regional Transit comply with the Accessibility for Ontarians with Disabilities Act (AODA). They are also fitted with automated audio and visual announcements to make them convenient for both operators and passengers.The town of Ajax also has dedicated spaces for cyclists, pedestrians, and personal cars. With such a robust public transport system, residents and visitors are able to move from Ajax to Downtown Toronto and other areas of the Greater Golden Horseshoe region in about 35 to 40 minutes.
Education in Ajax town
Ajax town is served by two school boards namely; The Durham District School Board and Durham Catholic District School Board. 27 elementary and secondary schools are managed by the Durham District School Board while the Durham Catholic District School Board operates 13 elementary and secondary schools in Ajax.
For post-secondary education, residents of Ajax can easily join institutions like Ontario Tech University, Trent University Durham Campus, and Durham College. Accessibility to these educational institutions is made easy thanks to the solid public transport system where students can use either the Durham Region Transit, or Go Transit, or drive to school via Highway 401.
Average condo prices in Ajax
The average price for pre-construction condos in Ajax is $650 per square foot. For the last decade, the Ajax real estate market has recorded an average appreciation of 8% for all pre-construction home types. New condominiums in Ajax are attracting an average resale price of $758,706 which represents an 8.7% increase for the last ten years. The demand for new condominiums in Ajax is increasing and the rental rates have appreciated over the years to reach an average price of $2,200. Currently, the demand for condos is still high and you can’t go wrong when you invest in pre-construction condos in Ajax town.
Ajax Neighborhoods
The town of Ajax has a total of 26 neighborhoods and most of the city is made of both commercial and residential residences where the majority of the homes are either single-family or detached homes. The rural side of Ajax town is largely farmland. Some of the most popular neighborhoods in Ajax include; Audley, Riverside, Salem Heights, Westney Heights, and Meadow Ridge. There are many townhomes in master-planned communities and new condominiums are also coming up in most Ajax neighborhoods. All the important amenities such as schools, shopping malls, and hospitals are also accessible and easily available in these great neighborhoods thus, making them family-friendly and a great choice for young professionals. Audley neighborhood is located east of Salem Height neighborhoods and it has many newer detached homes. Some of the recreational centers that residents enjoy include the Audley Recreation Centre which comprises a six-lane swimming pool, fitness center, as well as community clubs.
Ajax Downs is also a great spot for lovers of Quarter Horse Racing. If you want to live in a neighborhood with a rural touch, Meadow Ridge is a great choice for those who want to raise families in a tranquil environment. Nottingham Market and Meadow Ridge Plaza are the areas where residents of Meadow Ridge go for their shopping needs. The Riverside neighborhood is situated west of Meadow Ridge and just along the border of Ajax and Pickering. Most homes in this great residential neighborhood are well-landscaped detached homes. Residents of Riverside can easily access recreational amenities such as Duffins Trail and the Riverside Golf Course. Westney Heights neighborhood is located at the center of Ajax town and it provides residents with easy access to commercial areas, transport networks, and shopping areas. Most of the homes in the Westney Heights neighborhood are townhouses and large detached single-family houses.