$2,199,000

For sale

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

374 Penn Avenue, Newmarket (Bristol-London), Ontario, L3Y2S9

4 beds3 baths9 parking1,300 ft²69 × 262 ft (18,183 sq ft) lot sizeListed 29 days ago

Overview

This 4-bedroom, 3-bathroom home in Newmarket is for sale offering roughly 1,300 sq ft of space. It has been on the market 29 days, fresher than the Newmarket average of 39 days.

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Description

***Development Opportunity*** In the Heart of Newmarket! Welcome to 374 Penn Dr, an exciting opportunity for builders, developers and investors looking for a property with outstanding future potential in a highly desirable location. Location is a key highlight-just a 5-minute walk to Newmarket's popular Main Street, offering an excellent selection of restaurants, cafes, shops and local amenities. Enjoy being approximately a 5-minute walk from the conservation area, scenic walking trails and dog park, as well as convenient access to trails, busses and South lake Regional Health Centre on Davis Drive, school, Upper Canada Mall, 5 minute walk to go station, and train ride is 25 minutes to Downtown Toronto. With this prime location, excellent accessibility and proximity to some of Newmarket's most sought-after amenities, this property presents an exceptional opportunity to invest, develop or hold for the future. Buyer and buyer's agent to conduct their own due diligence regarding zoning, permitted uses, development potential and municipal approvals. A rare opportunity in an outstanding Newmarket location! (id:66096)

Property Details

MLS®: N13868110
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 9
Interior Size: 1,300 ft²
Lot Size: 69 × 262 ft (18,183 sq ft)
Frontage: 69 ft
Storeys: 1
Basement: Separate entrance, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,920/yr

Features

Appliances: All, Window Coverings
Foundation: Block
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Newmarket (Bristol-London) listings, avg age

39d

Price / ft²

$1,692

List price

$2.20M

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 4-bed single family in Newmarket (Bristol-London) has been listed for 29 days, which is 10 days fresher than the city average of 39. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · YASMIN ADAM-MAKO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $2,199,000, about 23.6× the local median household income of $93,000.

Carrying it typically needs a household income of about $429,542 (20% down, 25-yr amortization, stress-tested) — roughly 362% 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)

$2,199,000· $1,692/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $439,800

Min 20%50%

Mortgage payment$9,378/mo

Property tax (est.)$410/mo

Total monthly$9,788

Cash Needed to Close

Down payment (20%)$439,800

Land transfer tax$41,450

Est. closing costs$9,097

Total cash needed$490,347

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