$968,900 - 1000 Elgin Street, Newmarket
Detached for Sale in Newmarket
New — Listed 3 days ago- MLS Number
- N12964782
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Newmarket
- Lot Size
- 11,969 sqft
- Listing Brokerage
- RE/MAX METROPOLIS REALTY
Welcome to 1000 Elgin Street, Newmarket - a beautiful starter home or investment property with great rental potential set on a premium lot in a highly sought-after location. Nestled on an impressive 181-foot deep lot backing onto lush green space and a serene ravine, this charming property offers privacy, natural views, and the perfect backdrop for family living. Situated in a quiet, established neighborhood lined with mature trees, you'll appreciate the peaceful atmosphere and strong sense of community. Key Features: Expansive 181-foot deep lot with no rear neighbors -Walkout basement with rough-ins - ideal for an in-law suite. Perfect for first-time buyers or growing families. Enjoy unmatched convenience just steps from parks, schools, plazas, and public transit. You're also minutes from Southlake Regional Health Centre, Highway 404, and the Newmarket GO Station for easy commuting. Within walking distance, you'll find a wide range of everyday amenities including shops, restaurants, banks, a walk-in clinic, dental office, and optometrist - plus a gas station just up the street. An exciting new Costco is also coming soon to the area, adding even more value and convenience. Don't miss this exceptional opportunity to own a home in a thriving, family-friendly neighborhood.
Estimate your monthly payments for this property
Estimated Payment
$4,970.96/mo
Includes CMHC insurance ($27,032)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Newmarket
Newmarket is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Newmarket
- •Convenient location in Newmarket
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Newmarket offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1000 Elgin Street, Newmarket
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $881/sqft, this property is priced in line with current Newmarket market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Newmarket's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Newmarket are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Newmarket properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,037 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.