$542,800

For saleJust listed

#311 250 Davis Drive, Newmarket (Central Newmarket) - Single Family for Sale

#311 250 Davis Drive, Newmarket (Central Newmarket), Ontario, L3Y7T7

3 beds2 baths2 parking1,100 ft²$1,036/mo condo feeListed 5 days ago

Overview

This 3-bedroom, 2-bathroom condo in Newmarket is for sale offering roughly 1,100 sq ft of space. Listed at $542,800, it is attractively priced about 8% below the $590,000 median asking price in Newmarket. It has been on the market 5 days, fresher than the Newmarket average of 72 days.

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Description

An impressive move-in ready 2+1 bed, 2 bath condo in the heart of Central Newmarket, offering over 1,100 sq ft of bright, open concept living space. The excellent floorplan features a modern, updated kitchen, ideal for everyday living and entertaining. The spacious primary bedroom includes a private ensuite bath and walk-in closet, while the generous second bedroom and versatile den provide room for guests or a home office. New laminate flooring runs through both bedrooms and the den. Rare for condo living, this suite includes two parking spaces and one locker. Located steps from Yonge St and Davis Dr, you're close to everything Newmarket has to offer, including historic Main Street, Upper Canada Mall, shops, restaurants, transit, schools, and parks. Simply move in and enjoy! Premium Estate Sale. Probate Complete w/certificate in hand. Turn-key unit available for quick closing, if needed. (id:66096)

Property Details

MLS®: N14134240
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,036/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,619.27/yr
Listed: 5 days ago

Rooms

Main level

Kitchen: 4.91 x 3.1 meters
Living room: 6.74 x 3.39 meters
Dining room: 6.74 x 3.39 meters
Primary Bedroom: 4.8 x 3.8 meters
Bedroom 2: 2.97 x 2.86 meters
Den: 2.8 x 2.1 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, Window Coverings
Flooring: Tile, Laminate
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Newmarket (Central Newmarket) listings, avg age

72d

Price / ft²

$494

List price

$543K

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 3-bed single family in Newmarket (Central Newmarket) has been listed for 5 days, which is 67 days fresher than the city average of 72. Act while there is still low competition.

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Listed by SAM KOLAHI AZAR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $542,800, about 5.8× the local median household income of $93,000.

Carrying it typically needs a household income of about $106,028 (20% down, 25-yr amortization, stress-tested) — roughly 14% 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)

$542,800· $494/ft²

For sale

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Full Cost Breakdown

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Down Payment5.39% · $29,280.00

Min 5.39%50%

Mortgage payment$2,847/mo

↳ CMHC premium ($20,541 capitalized)

Property tax (est.)$218/mo

Condo fee$1,036/mo

Total monthly$4,101

Cash Needed to Close

Down payment (5.39%)$29,280

Land transfer tax$7,331

Est. closing costs$4,128

Total cash needed$40,739

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