$868,000 - 164 Avenue Road, Newmarket
Detached for Sale in Newmarket
113 days on market- MLS Number
- N12811438
- Property Type
- Detached
- Status
- active
- Days on Site
- 113
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome to 164 Avenue Rd. A charming bungalow nestled in the heart of central Newmarket. This beautifully maintained bungalow sits on a wide landscaped corner lot featuring gorgeous perennials, flagstone walkways and outdoor lighting. The breezeway access makes life simplier with a large mudroom space for your family & guests to leave their coats, footware, backpacks before entering the kitchen. The oversized garage has tons of storage space and a workshop area and is connected to the breezeway. Step inside this home to discover a warm and inviting layout featuring an updated kitchen, an updated dining room, a spacious bright living room with a gas fireplace, 2 bedrooms & bathroom. One bedroom is currently being used as an office. The dining room could easily be converted back into a bedroom.The spacious lower level primary suite offers a true private retreat. Featuring exposed beams and warm potlights, the space blends rustic charm with modern elegance. A cozy gas fireplace creates a serene ambiance, perfect for relaxing after a long day. Whether you are curling up with a book or enjoying a peaceful night's sleep, this thoughtfully designed suite offers comfort, style, and complete privacy. Outside, enjoy your own private oasis within a fenced backyard with mature trees, stone pathways, an outdoor dining area, and a peaceful campfire gathering space. Additional highlights include: Walk to historic Main Street, Fairy Lake, the library, schools, restaurants and more. Quick access to Hwy 400 & 404, transit, and community amenities. This is a rare opportunity to own a lovingly cared-for home in a highly sought-after neighborhood. A true gem!
Estimate your monthly payments for this property
Estimated Payment
$4,453.29/mo
Includes CMHC insurance ($24,217)
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.
164 Avenue Road, 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 $1240/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.
Negotiation Opportunity
At 113 days on site, this property has exceeded the typical selling timeline for Newmarket. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Efficient Living
At 700 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.
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 $3,617 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.