$799,000

For sale

184 Prospect Street, Newmarket (Central Newmarket) - Single Family for Sale

184 Prospect Street, Newmarket (Central Newmarket), Ontario, L3Y3T6

2 beds2 baths4 parking1,300 ft²50 × 115 ft (5,750 sq ft) lot sizeListed 112 days ago

Overview

This 2-bedroom, 2-bathroom home in Newmarket is for sale offering roughly 1,300 sq ft of space. Listed at $799,000, it is attractively priced about 24% below the $1,049,000 median asking price in Newmarket.

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Description

Absolutely Stunning Solid Brick Fully Renovated Bungalow Situated On A Premium 50-Ft Frontage In Prime Central Newmarket. Rare Opportunity To Own A Beautifully Updated Detached Home Within Walking Distance To Southlake Regional Health Centre, Historic Main Street Shops & Restaurants, And The GO Train Station. This Exceptional Bungalow Offers Outstanding Value, Featuring Brand-New Laminate Flooring Throughout The Main Floor, Brand-New Appliances, 9-Ft Ceilings, And Elegant 8-Inch Baseboards. Situated On A Generous 50-Ft Lot With A Spacious Backyard Backing Onto Timothy Street Lofts. Ideal For First-Time Buyers, Downsizers, Investors, Or Professionals Seeking A Convenient Home Office (Buyer To Verify Permitted Uses). Enjoy The Perfect Combination Of Modern Upgrades, A Prime Location, And Excellent Investment Potential In The Heart Of Newmarket. (id:66096)

Property Details

MLS®: N13575006
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 50 × 115 ft (5,750 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,144.89/yr
Listed

Features

Appliances: Refrigerator, Dishwasher, Stove, Microwave, Window Coverings
Foundation: Concrete
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

112d

Newmarket (Central Newmarket) listings, avg age

70d

Price / ft²

$615

List price

$799K

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 2-bed single family in Newmarket (Central Newmarket) 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 NEW WORLD REALTY INC. · MASON HORMATI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $799,000, about 8.6× the local median household income of $93,000.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 68% 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)

$799,000· $615/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,900

Min 6.87%50%

Mortgage payment$4,125/mo

↳ CMHC premium ($29,764 capitalized)

Property tax (est.)$345/mo

Total monthly$4,471

Cash Needed to Close

Down payment (6.87%)$54,900

Land transfer tax$12,455

Est. closing costs$4,897

Total cash needed$72,252

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