$435,000

For sale

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#309 260 Davis Drive, Newmarket (Central Newmarket) - Single Family for Sale

#309 260 Davis Drive, Newmarket (Central Newmarket), Ontario, L3Y7C3

2 beds1 bath1 parking ft²

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Investment analysis

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$435,000

Newmarket

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$627/mo condo fee

Overview

This 2-bedroom, 1-bathroom condo in Newmarket is for sale offering roughly 850 sq ft of space. Listed at $435,000, it is attractively priced about 26% below the $590,000 median asking price in Newmarket. It has been on the market 13 days, fresher than the Newmarket average of 72 days.

Condos for Sale in Newmarket →All real estate in Newmarket →

Description

Welcome to this spacious and bright 2-bedroom, 1-bathroom home, offering an incredible opportunity for downsizers, first-time buyers, and investors. Situated in a peaceful building within an excellent neighborhood, it places you close to everything Newmarket has to offer. You are steps away from public transit (Viva) and just minutes from the hospital, Upper Canada Mall, and the boutique dining and shopping on historic Main Street. Features include 1 parking spots via maintenance fees, extensive visitor parking, and a large pay-per-use laundry room in the building. (id:66096)

Property Details

MLS®: N14109462
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Wall unit
Garage: Garage
Condo Fee: $627/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,944/yr
Listed: 13 days ago

Rooms

Flat

Living room: 3.81 x 2.64 meters
Dining room: 3.59 x 2.64 meters
Kitchen: 3.66 x 2.44 meters
Primary Bedroom: 4.7 x 3 meters
Bedroom: 3.63 x 3.02 meters
Other: 2.46 x 1.27 meters
Bathroom

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

Features

Appliances: Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings
Flooring: Tile, Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Newmarket (Central Newmarket) listings, avg age

72d

Price / ft²

$512

List price

$435K

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 2-bed single family in Newmarket (Central Newmarket) has been listed for 13 days, which is 59 days fresher than the city average of 72. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · KRISTIE ZHANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $435,000, about 4.7× the local median household income of $93,000.

Carrying it typically needs a household income of about $84,971 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$435,000· $512/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,750

Min 5%50%

Mortgage payment$2,291/mo

↳ CMHC premium ($16,530 capitalized)

Property tax (est.)$162/mo

Condo fee$627/mo

Total monthly$3,080

Cash Needed to Close

Down payment (5%)$21,750

Land transfer tax$5,175

Est. closing costs$3,805

Total cash needed$30,730

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice