$868,000 - 176 Cherrywood Drive, Newmarket
Semi-Detached for Sale in Newmarket
109 days on market- MLS Number
- N12817200
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Welcome to this beautifully renovated 3+3 bedroom, 4 bathroom semi-detached home, updated with building permits from the City of Newmarket and designed for modern living. Situated on a spacious 34 x 95 ft lot, this exceptional property features a separate entrance to a fully finished basement with ADU registration-perfect for extended family living or potential rental income. could be rented around 4800-5000$ per month. Enjoy high-quality finishes throughout, including: Tile Flooring 2026; Engineering hardwood floors (2026)Large new windows (2026)New sliding door (2026)New wood stairs (front & back, 2026)Soffits (2026)Partial foundation waterproofing (2026)Brand-new appliances . Upgraded mechanics provide peace of mind: AC 2026, Gas furnace & thermostat (2024) Roof shingles (2023) 100 Amp electrical panel. Hot water tank rental (2026) - only $38/month + tax .Additional highlights 20K EXTENTED CONCRETE driveway DONE WITH CITY PERMIT and a thoughtfully designed layout ideal for families or investors. Unbeatable Central Location: Steps to parks, schools, Tim Hortons, transit, and everyday amenities. Just minutes to GO Transit, Upper Canada Mall, library, Southlake Regional Health Centre, Main Street shops & restaurants, and the scenic Fairy Lake. This turnkey home offers style, income potential, and convenience-all in one of Newmark's most desirable locations.
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.
176 Cherrywood Drive, Newmarket
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
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 109 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.
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 4 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.