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Central Newmarket, Newmarket
$899,000
Whether you're a builder, developer, investor, or simply looking for a beautifully renovated home to enjoy, this exceptional property offers incredible flexibility and long term value. Situated on a premium 80 x 140 ft lot in the heart of downtown Newmarket, this is a rare opportunity with endless possibilities. Move in ready and extensively renovated, this home is ideal as a primary residence, income property, or future redevelopment project. The property is much larger than it appears in the photos and offers outstanding potential for a wide range of buyers. Development opportunities include rebuilding with up to 35% lot coverage, adding an additional residential unit with up to 45% lot coverage, or constructing a garden suite (subject to municipal approvals). Adding even more value, the property is not located within the LSRCA regulated area, is not in an Environmental Protection (EP) zone, not within a floodplain, and not a heritage designated property. Previously owned by a builder, the home underwent a comprehensive renovation approximately 3-4 years ago and has been meticulously maintained. Features include wide plank hardwood flooring, stone countertops, stainless steel appliances, two beautifully updated bathrooms, a durable metal roof, furnace (2023), and central air conditioning (2023). The finished basement has a separate side entrance and offers excellent in law or income potential, complete with its own kitchen, spacious living area, bedroom, office, four piece bathroom, and dedicated laundry room.Outside, you'll find a detached garage, an oversized driveway with ample parking, and a property that combines immediate enjoyment with outstanding future potential. Whether you're looking to move in, generate rental income, or capitalize on future development opportunities, this is a property that truly offers it all.
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This seller is holding back offers
Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.
| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,128 |
| Lot Size | 80.05 ft x 141.41 ft |
| mls© Number | N13589928 |
| Listed By | WOODSVIEW REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,601
- Property tax
- $427
- Heat allowance
- $150
- Housing costs
- $5,179 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$159,000
gross annual household income
- Payment at 4%
- $3,783 / mo
- Cash down
- $179,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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Comparable sales
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