$749,900 - 185 Deerfield Road Unit 504, Newmarket
Condo for Sale in Newmarket
- MLS Number
- N12579250
- Property Type
- Condo
- Status
- active
- Days on Site
- 30
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Newmarket
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
***NEVER LIVED IN CORNER CONDO SUITE - Where modern Luxury & Convenience meet ***Step into a rare blend of space, style, and serenity in this beautiful Three-bedroom,Two-bathroom Corner Condo Suite with approx 1159 sq ft (per builder) that has never been lived in. With Natural light from tall windows this home invites you to experience elevated living - Step out onto the expansive outdoor area with a terrace area to enjoy morning coffee or relaxed evenings enjoying the sunset. The Open Concept Floorplan seamlessly integrates the Kitchen, Dining & Living areas with contemporary Kitchen, a moveable Island, stainless steel appliances and tall windows.Thoughtful design and convenience continues with the ensuite laundry. Also included is one parking space, one locker space and bike storage space *** Located minutes to public transportation & GO Train and nearby access to Highways 404 and 400. Explore the shops and dining at Upper Canada Mall, or a night out at nearby movie theatre and restaurants. Discover Newmarket's historic Main Street area or unwind in the natural beauty of nearby parks and trails - Mabel Davis Conservation Area. Located nearschools and everyday essentials, including Hospital and nearby medical facilities. Building amenities include an exercise room, indoor/outdoor lounge area and party/meeting room. Come explore what it feels like to live where convenience meets comfort to elevate your everyday living. Note: Some Photos are virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$3,847.38/mo
Includes CMHC insurance ($20,922)
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.
185 Deerfield Road Unit 504, 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 $750/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.
Market Position
At 30 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
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 $3,125 (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.