$4,910,000 - 1029,1025,1015 Davis Drive, Newmarket
Detached for Sale in Newmarket
35 days on market- MLS Number
- N12849400
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Newmarket
- Lot Size
- 16,448 sqft
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Exceptional Development Opportunity in Prime Newmarket Location!Rare offering featuring three detached bungalow properties at 1015, 1025, and 1029 Davis Drive, located in one of Newmarket's most desirable and high-exposure corridors. Lot sizes are approximately: 82.76 ft x 205.15 ft, 67.43 ft x 225.14 ft, 146.09 ft x 205.15 ft. Combined, the properties offer approximately 300 ft of frontage and over 200 ft depth, presenting excellent potential for future development or land assembly (buyer to complete own due diligence). Each property features a detached bungalow with a large private driveway accommodating 5-6 vehicles. Prime location with convenient access to Hwy 404, major shopping, transit, schools, and all essential amenities. All three properties are being sold together "as is, where is" condition.
Estimate your monthly payments for this property
Estimated Payment
$21,718.59/mo
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.
1029,1025,1015 Davis Drive, Newmarket
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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
Premium Pricing
At $3273/sqft, this property is priced above the Newmarket average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 35 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $20,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.