$1,699,000 - 164 Park Avenue, Newmarket
Detached for Sale in Newmarket
Popular Listing- MLS Number
- N12949258
- Property Type
- Detached
- Status
- active
- Days on Site
- 8
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Newmarket
- Lot Size
- 8,636 sqft
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
This impressive bungalow offers far more space than meets the eye and must be seen to be fully appreciated. The main level showcases a chefs kitchen featuring a Wolf 6-burner gas range, Sub-Zero full fridge and freezer, an abundance of cabinetry with polished nickel hardware, a walk-in pantry and a large center island with breakfast bar and stylish pendant lighting. The open-concept dining area is perfect for everyday meals or entertaining. The great room is stunning with its soaring 14.5-foot vaulted ceiling, cozy wood-burning fireplace and walkout to the back deck. The primary suite includes a walk-in closet and a spa-like ensuite with double sinks, a glass shower with rain head and handheld and modern finishes. A main floor office offers the ideal work-from-home space. The mudroom/laundry room impresses with built-in closets, a folding counter with storage and direct access to the driveway. A convenient powder room completes this level. Beautiful engineered hardwood flows throughout the main floor. The finished basement expands the living space with a large rec room, open office/den area and four additional bedrooms with large windows, as well as a 3-piece bath and ample storage. Vinyl strip flooring runs through the lower level rooms. Step outside to enjoy the private backyard, surrounded by mature trees and lush gardens. Entertain or unwind on the low-maintenance composite deck, gather around the patio which is the perfect place for a fire bowl or chiminea or relax year-round in the hot tub. Located close to schools, transit, and everyday amenities, this remarkable home combines comfort, style and convenience.
Estimate your monthly payments for this property
Estimated Payment
$7,515.25/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.
164 Park Avenue, Newmarket
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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 $1133/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.
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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Newmarket.
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 $7,079 (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.