$589,999

For sale

#203 400 Park Avenue, Newmarket (Central Newmarket) - Single Family for Sale

#203 400 Park Avenue, Newmarket (Central Newmarket), Ontario, L3Y1V8

1 bed1 bath1 parking650 ft²$683/mo condo feeListed 57 days ago

Overview

This 1-bedroom, 1-bathroom condo in Newmarket is for sale offering roughly 650 sq ft of space. Its $589,999 asking price sits right in line with the $590,000 median in Newmarket. It has been on the market 57 days, fresher than the Newmarket average of 70 days.

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Description

Welcome To The King George School Lofts!*This Stunning 1 Bedroom Loft Offers South/West Views Just Steps to Historic Downtown Newmarket, You Truly Can't Beat The Location!*This Beautifully Designed Unit Showcases Soaring 12'8" Ceilings, Rich Hardwood Flooring, Oversized Windows And An Elegant Open-Concept Layout Filled With Natural Light Throughout*The Kitchen Is Thoughtfully Appointed With Quartz Countertops, A Freestanding Centre Island, And Full-Size Stainless Steel Appliances, Making It Ideal For Both Everyday Living And Entertaining*The 4 Piece Bathroom Is Finished With Marble, Adding Another Touch Of Luxury To The Space*Freshly Painted And Loaded With Upgrades, This Unit Includes Automatic Window Coverings, Custom Built-In Cabinetry, Oversized Closets, And An Abundance Of Storage Throughout*Enjoy The Convenience Of In-Suite Laundry And An Owned, Covered Parking Space*Located In An Unbeatable Area Close To Main Street's Shops, Restaurants, Cafes, And All Amenities That This Sought-After Area Offers*This Exceptional Loft Is Perfect For Those Seeking Style, Comfort, And Convenience In A Prime Location!*Don't Miss It! (id:66096)

Property Details

MLS®: N13765786
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Carport, Covered
Condo Fee: $683/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,495/yr
Listed: 57 days ago

Rooms

Main level

Kitchen: 3.48 x 3.38 meters
Living room: 3.48 x 2.51 meters
Bedroom: 3.04 x 2.92 meters

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

Features

Flooring: Hardwood
Exterior: Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Newmarket (Central Newmarket) listings, avg age

70d

Price / ft²

$908

List price

$590K

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 1-bed single family in Newmarket (Central Newmarket) has been listed for 57 days, which is 13 days fresher than the city average of 70. Act while there is still low competition.

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Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD. · MADDIE IRELAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $589,999, about 6.3× the local median household income of $93,000.

Carrying it typically needs a household income of about $115,247 (20% down, 25-yr amortization, stress-tested) — roughly 24% 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)

$589,999· $908/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $33,999.90

Min 5.76%50%

Mortgage payment$3,083/mo

↳ CMHC premium ($22,240 capitalized)

Property tax (est.)$291/mo

Condo fee$683/mo

Total monthly$4,057

Cash Needed to Close

Down payment (5.76%)$34,000

Land transfer tax$8,275

Est. closing costs$4,270

Total cash needed$46,545

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