$489,900

For sale

#503 270 Davis Drive, Newmarket (Central Newmarket) - Single Family for Sale

#503 270 Davis Drive, Newmarket (Central Newmarket), Ontario, L3Y8K2

2 beds2 baths1 parking1,100 ft²$881/mo condo feeListed 63 days ago

Overview

This 2-bedroom, 2-bathroom condo in Newmarket is for sale offering roughly 1,100 sq ft of space. Listed at $489,900, it is attractively priced about 17% below the $590,000 median asking price in Newmarket. It has been on the market 63 days, fresher than the Newmarket average of 71 days.

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

Description

Corner-unit living with sunset views and natural light from every angle! This spacious 2-bedroom, 2-bathroom suite offers an airy, open-concept layout with extra windows, beautiful western exposure and new flooring throughout. The generous living and dining areas provide plenty of room to relax, entertain and make the space your own, while the bright kitchen features stainless steel appliances and a charming bay window. Set in the heart of Newmarket, you're minutes from shopping, restaurants, transit and everyday conveniences along Davis Drive. Residents also enjoy an indoor pool, exercise room, party room and full-time security. Bright, spacious and exceptionally well located, this is a fantastic opportunity to create a home that feels entirely your own. (id:66096)

Property Details

MLS®: N13739958
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $881/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,545.75/yr
Listed: 63 days ago

Rooms

Main level

Living room: 6.28 x 3 meters
Dining room: 3.5 x 2.19 meters
Kitchen: 3.53 x 2.16 meters
Primary Bedroom: 4.85 x 3.11 meters
Bedroom 2: 3.87 x 3.2 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, Dryer, Microwave, Freezer, Window Coverings
Exterior: Concrete, Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

63d

Newmarket (Central Newmarket) listings, avg age

71d

Price / ft²

$446

List price

$490K

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 2-bed single family in Newmarket (Central Newmarket) has been listed for 63 days, which is 8 days fresher than the city average of 71. Act while there is still low competition.

Set a price alert Book a showing

Listed by KELLER WILLIAMS EXPERIENCE REALTY · AMANDA BUREL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $489,900, about 5.3× the local median household income of $93,000.

Carrying it typically needs a household income of about $95,695 (20% down, 25-yr amortization, stress-tested) — roughly 3% 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)

$489,900· $446/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $24,495

Min 5%50%

Mortgage payment$2,580/mo

↳ CMHC premium ($18,616 capitalized)

Property tax (est.)$212/mo

Condo fee$881/mo

Total monthly$3,674

Cash Needed to Close

Down payment (5%)$24,495

Land transfer tax$6,273

Est. closing costs$3,970

Total cash needed$34,738

Get Pre-Approved · Free & Fast

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

Rental cashflow calculator