$1,399,000 - 178 Waratah Avenue, Newmarket
Detached for Sale in Newmarket
100 days on market- MLS Number
- N12868192
- Property Type
- Detached
- Status
- active
- Days on Site
- 100
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
A rare and commanding 105-ft extra-wide frontage on one of the largest lots in all of Huron Heights-Leslie Valley - matched with a substantially upgraded 4-bed, 4-full + 1-half bath family home offering approx.fully finished lower level. Dining room entrance enlarged, giving the main level a brighter, more modern feel. New designer double-garage doors, plus roof improvements, updated exterior lighting, and selective interior refinements. The roof has been professionally renewed, enhancing both durability and overall home quality The main floor offers expansive principal rooms, hardwood flooring, oversized windows, and a separate family room with a classic brick fireplace. Upstairs, all four bedrooms are true full-size rooms with generous proportions, including a bright primary suite with its own ensuite. The finished lower level adds major functional value with two large recreational rooms, perfect for a home theatre, children's play zone, fitness area, games room, or multi-family living. This level also includes two full bathrooms, offering exceptional convenience for extended families, teens, guests, or in-law potential. The deep pie-shaped yard provides rare outdoor space and privacy, complemented by a large storage/workshop shed - an uncommon and highly practical feature in this area. Located directly across from a community park and minutes to schools, shopping, Costco, Upper Canada Mall, and Hwy 404. A substantial, bright, move-in-ready home on a premium oversized lot - upgraded, expanded, and ideal for families seeking space, flexibility, and long-term comfort.
Estimate your monthly payments for this property
Estimated Payment
$6,188.25/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.
178 Waratah Avenue, 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 $560/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 100 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.
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.
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 $5,829 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.