$739,000

$769,000For salePrice drop↓ $30,000 (4%)

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

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

4 beds2 baths4 parking900 ft²33 × 95 ft (3,088 sq ft) lot sizeListed 26 days ago

Overview

This 4-bedroom, 2-bathroom home in Newmarket is for sale offering roughly 900 sq ft of space. Listed at $739,000, it is attractively priced about 13% below the $849,900 median asking price in Newmarket. It has been on the market 26 days, fresher than the Newmarket average of 39 days.

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Description

Welcome to this beautifully maintained modern home in the heart of Newmarket, complete with a legal basement apartment offering excellent income potential and versatility. Both the main home and lower-level suite have been thoughtfully upgraded with modern kitchens and bright, open-concept layouts, creating stylish and functional living spaces filled with natural light and complemented by pot lights throughout .Convenience is key with separate laundry facilities in both units. Situated on a desirable corner lot, the property offers ample parking and a beautifully maintained backyard garden perfect for relaxing or entertaining. Ideally located close to shopping, schools, parks, Southlake Hospital, public transit and a wide range of everyday amenities. A fantastic opportunity for homeowners, investors or multi-generational families seeking modern finishes, flexibility and a prime Newmarket location. (id:66096)

Property Details

MLS®: N13882332
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
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: $3,667/yr

Rooms

Main level

Living room: 3.65 x 3.35 meters
Dining room: 3.65 x 2.5 meters
Kitchen: 4.2 x 3.6 meters
Primary Bedroom: 3.5 x 3.2 meters
Bedroom 2: 3.6 x 2.5 meters
Bedroom 3: 3 x 2.6 meters

Basement

Living room: 6.9 x 3.3 meters
Dining room: 6.9 x 3.3 meters
Kitchen: 4.2 x 2.6 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All, Window Coverings
Flooring: Laminate
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

26d

Newmarket (Bristol-London) listings, avg age

39d

Price / ft²

$821

List price

$739K

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 4-bed single family in Newmarket (Bristol-London) has been listed for 26 days, which is 13 days fresher than the city average of 39. Act while there is still low competition.

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Listed by EXP REALTY · DINA MEDEIROS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $739,000, about 7.9× the local median household income of $93,000.

Carrying it typically needs a household income of about $144,353 (20% down, 25-yr amortization, stress-tested) — roughly 55% 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)

$739,000· $821/ft²

For sale

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Full Cost Breakdown

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Down Payment6.62% · $48,900

Min 6.62%50%

Mortgage payment$3,826/mo

↳ CMHC premium ($27,604 capitalized)

Property tax (est.)$306/mo

Total monthly$4,132

Cash Needed to Close

Down payment (6.62%)$48,900

Land transfer tax$11,255

Est. closing costs$4,717

Total cash needed$64,872

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