155 Main Street Unit 305, Newmarket

Price: $498,800

2 bedrooms, 1 bathrooms

800 sqft

Property Type: Condo

MLS#: N12936426

Welcome to sought-after Heritage North! This bright and spacious 2-bedroom suite offers serene green space views from a covered balcony, a carpet-free interior, and convenient in-suite laundry with an ample storage/linen closet. 1 underground parking space is exclusive. Pride of ownership is evident in this meticulously maintained building, with recent upgrades including new exterior balconies and railings. Enjoy a warm, welcoming community with great amenities: a main-floor reception room, a games room with billiards and shuffleboard, a library, a fitness centre, a sauna, a party room, and a beautifully appointed BBQ patio. Set on nearly 10 acres of lush, landscaped grounds, the community offers park surroundings, tennis/pickleball courts, and expansive green space. Ideally located close to scenic walking trails, transit, and all the conveniences of downtown living.

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$498,800 - 155 Main Street Unit 305, Newmarket

Condo for Sale in Newmarket

Popular Listing
2Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
N12936426
Property Type
Condo
Status
active
Days on Site
10
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
Newmarket
Locker
None
Exposure
North East
Balcony
Open
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Welcome to sought-after Heritage North! This bright and spacious 2-bedroom suite offers serene green space views from a covered balcony, a carpet-free interior, and convenient in-suite laundry with an ample storage/linen closet. 1 underground parking space is exclusive. Pride of ownership is evident in this meticulously maintained building, with recent upgrades including new exterior balconies and railings. Enjoy a warm, welcoming community with great amenities: a main-floor reception room, a games room with billiards and shuffleboard, a library, a fitness centre, a sauna, a party room, and a beautifully appointed BBQ patio. Set on nearly 10 acres of lush, landscaped grounds, the community offers park surroundings, tennis/pickleball courts, and expansive green space. Ideally located close to scenic walking trails, transit, and all the conveniences of downtown living.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,559.10/mo

Includes CMHC insurance ($13,917)

$
$
5%10%50%

5-yr fixed avg.

Principal: $448,920Interest: $304,894
Mortgage Amount$462,837
Total Interest$304,894
Est. Property Tax$353/mo
Total Cost$767,731

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.

Ready to get pre-approved?

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Neighbourhood Guide: Newmarket

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

155 Main Street Unit 305, Newmarket

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.9%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,223

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $624/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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.

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