$749,000

For sale

169 Penn Avenue, Newmarket (Bristol-London) - Single Family for Sale

169 Penn Avenue, Newmarket (Bristol-London), Ontario, L3Y2S3

5 beds3 baths4 parking900 ft²33 × 95 ft (3,088 sq ft) lot sizeListed 48 days ago

Overview

This 5-bedroom, 3-bathroom home in Newmarket is for sale offering roughly 900 sq ft of space. Listed at $749,000, it is attractively priced about 12% below the $849,900 median asking price in Newmarket.

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Description

Fantastic Investment Opportunity * 3+2 Bedroom * Legal Registered Basement * 1 Min Walk To Davis Drive & Transit * A Fantastic Opportunity For Investors, First-time Buyers & Extended Families * This bright & Charming Well-Maintained Bungalow Offers A Versatile Layout * Multiple Income Opportunities * The Main Floor Features 3 Spacious Bedrooms * Living Room W/ A Large Bay Window, Dining & A Well-Appointed Kitchen * Finished basement Offers 2 Separate Registered Units Each W/ Its Own Bedroom, Kitchen & Washroom * This Is An Outstanding Feature For Investors Looking To Generate Rental Income * Outside Enjoy A Private Backyard W/ Mature Trees & A Great Space For Relaxing & Entertaining * Location A Major Highlight W/ Walking Distance To Davis Drive & Public Transit & Conveniently Close To Schools, Parks, Grocery Stores, Shopping, Restaurants & Upper Canada Mall * Enjoy Easy Access To Major Roads, Main Street Newmarket & Fairy Lake Newmarket * Don't miss this unique investment opportunity! (id:66096)

Property Details

MLS®: N13799914
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Parking: 4
Interior Size: 900 ft²
Lot Size: 33 × 95 ft (3,088 sq ft)
Frontage: 33 ft
Storeys: 1
Style: Bungalow
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,816/yr

Rooms

Main level

Kitchen: 3.57 x 3.52 meters
Dining room: 3.57 x 2.68 meters
Living room: 3.97 x 3.37 meters

Ground level

Primary Bedroom: 3.8 x 2.92 meters
Bedroom 2: 3.67 x 2.43 meters
Bedroom 3: 2.8 x 2.71 meters

Basement

Kitchen: 4.38 x 2.87 meters
Living room: 4.72 x 3.27 meters
Bedroom 4: 5.51 x 3.32 meters

Features

Appliances: Stove, Oven, Two Refrigerators
Flooring: Laminate, Ceramic, Vinyl
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Newmarket (Bristol-London) listings, avg age

39d

Price / ft²

$832

List price

$749K

Homes here sell faster than most markets

Sold homes in this market spent an average of 30 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 5-bed single family in Newmarket (Bristol-London) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE EAGLE REALTY INC. · HANS OHRSTROM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $749,000, about 8.1× the local median household income of $93,000.

Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 57% above the area median.

Median household income: $93,000
Population: 43,556
Median age: 45.6
Owner / renter: 68% / 32%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3Y)

$749,000· $832/ft²

For sale

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Full Cost Breakdown

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Down Payment6.66% · $49,900.00

Min 6.66%50%

Mortgage payment$3,876/mo

↳ CMHC premium ($27,964 capitalized)

Property tax (est.)$318/mo

Total monthly$4,194

Cash Needed to Close

Down payment (6.66%)$49,900

Land transfer tax$11,455

Est. closing costs$4,747

Total cash needed$66,102

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