$1,890,000 - 172-174 Victoria Street, Newmarket
Multi-Family for Sale in Newmarket
140 days on market- MLS Number
- N12665276
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 140
- Bedrooms
- 6
- Bathrooms
- 8
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
A rare opportunity to own a stunning, fully custom duplex offering two completely self-contained, modern residences ideal as a multi-generational home or an exceptional investment property. Each side boasts thoughtfully designed living spaces with 10-foot ceilings on the main and second floors, and 9-foot ceilings in the finished basements, creating a bright and airy atmosphere throughout. Enjoy hardwood flooring, oversized windows, and custom built-in closets that elevate everyday living.The heart of each home is the chef-inspired kitchen, complete with feature islands, built-in stainless steel appliances, and sleek finishes that blend style with functionality. Upstairs, you'll find 2 spacious bedrooms and 2 full bathrooms on each side, while the finished basements offer large, versatile open rooms perfect as a 3rd bedroom, guest suite, or additional living space plus beautifully designed bathrooms and custom laundry rooms. Step outside to your private oasis with a professionally landscaped yard, ideal for relaxing or entertaining. Located just steps from historic Main Street, enjoy unparalleled access to local cafes, restaurants, walking trails, boutique hotels, and vibrant seasonal events. Whether you're looking for a forever home, multigenerational living, or a turnkey investment, this duplex delivers unmatched flexibility, quality, and location. *Seller's can provide fence between sides prior to closing if requested*
Estimate your monthly payments for this property
Estimated Payment
$8,360.11/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.
172-174 Victoria Street, 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
Competitive Pricing
At $630/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.
Negotiation Opportunity
At 140 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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 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 8 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 $7,875 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.