$590,000

For sale

#207 543 Timothy Street, Newmarket (Central Newmarket) - Single Family for Sale

#207 543 Timothy Street, Newmarket (Central Newmarket), Ontario, L3Y1R1

1 bed1 bath2 parking650 ft²$1,223/mo condo feeListed 58 days ago

Overview

This 1-bedroom, 1-bathroom condo in Newmarket is for sale offering roughly 650 sq ft of space. Its $590,000 asking price sits right in line with the $590,000 median in Newmarket. It has been on the market 58 days, fresher than the Newmarket average of 71 days.

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Description

Welcome to Timothy Street Lofts, where industrial character meets everyday comfort. This one-bedroom, one-bathroom loft is a standout in the building - offering two parking spots, a rare find for a one-bedroom, along with western exposure that fills the space with afternoon light and sunset views. This 699 square foot unit features soaring ceilings, exposed beams and ductwork, and an open-concept layout that gives the space an airy, lofty-like feel. The kitchen offers granite counters & stainless steel appliances, flowing into a bright living and dining area perfect for both relaxing and entertaining. Steps to Main Street Newmarket's shops and restaurants, the Tom Taylor Trail and Fairy Lake, with easy access to the GO train and hospital. Everything downtown Newmarket has to offer is right outside your door. Maintenance fees include, water, sewage, heat, hydro, cable and internet. (id:66096)

Property Details

MLS®: N13751834
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 650 ft²
Basement: None
Heating: Radiant heat, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,223/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,747.94/yr
Listed: 58 days ago

Rooms

Main level

Kitchen: 4.75 x 3.03 meters
Living room: 4.61 x 3.42 meters
Primary Bedroom: 4.28 x 3.32 meters
Laundry room: 2.32 x 3.03 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Blinds
Flooring: Laminate, Carpeted
Foundation: Unknown
Exterior: Brick
Lot Features: Elevator, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Newmarket (Central Newmarket) listings, avg age

71d

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 58 days, which is 13 days fresher than the city average of 71. Act while there is still low competition.

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Listed by ROYAL LEPAGE RCR REALTY · MARTHA BONANNO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $590,000, about 6.3× the local median household income of $93,000.

Carrying it typically needs a household income of about $115,248 (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)

$590,000· $908/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $34,000

Min 5.76%50%

Mortgage payment$3,083/mo

↳ CMHC premium ($22,240 capitalized)

Property tax (est.)$229/mo

Condo fee$1,223/mo

Total monthly$4,534

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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