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Central Newmarket, Newmarket
$859,900
Comfortable raised bungalow in the heart of Newmarket close to Yonge St. Loved by the same family for over 35 years, now ready for its next chapter. Recently refreshed with new carpet and painted throughout. Huge bonus is the Registered Accessory Residential Unit (ARU) in basement, which features level entry and a giant living room with fireplace. This registered apartment provides the flexibility for multigenerational living or allows for extra income to help with the mortgage. Newmarket's registered accessory units are designated with an 'N' in their address which allows for extra waste bags and most lenders will consider some of the basement income when qualifying the buyer. Double garage plus level double driveway that easily accommodates 4 cars. No sidewalk to shovel! Huge, sunny backyard with a cute wooden shed and a sauna that can be used as a 2nd shed. Walk out from the dining room to the beautiful yard with perennials and raspberry bushes around the perimeter of the fully fenced yard. Kitchen is original to the build, this is your opportunity to design your dream kitchen if you wish. The large open layout lends itself to family gatherings that create memories. Upsizing , downsizing, or right-sizing, this lovely home will fit your lifestyle.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,257 |
| Lot Size | 50 ft x 110 ft |
| mls© Number | N13845018 |
| Listed By | ROYAL LEPAGE RCR REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,401
- Property tax
- $438
- Heat allowance
- $150
- Housing costs
- $4,989 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$154,000
gross annual household income
- Payment at 4%
- $3,619 / mo
- Cash down
- $171,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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