$1,099,000 - 230 Lancaster Avenue, Newmarket
Detached for Sale in Newmarket
- MLS Number
- N13221390
- Property Type
- Detached
- Status
- active
- Days on Site
- 17
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to this bright and very special 4-level backsplit detached home,(5 level with the basement) ideally located on a quiet crescent in a desirable family-friendly neighborhood. Situated on a large lot with spacious front, side, and backyard areas, this property is perfect for nature lovers and families seeking comfort, privacy, and outdoor enjoyment.This well-maintained home features a functional layout filled with natural light and has been extensively upgraded throughout the years. EV Charger in the Garage installed by the seller. All major 2023 upgrades include a new front door, upgraded stairs, full interior painting, smart pot lights, smart light switches, smart doorbell, updated faucets and door handles, driveway sealing, water softener, water filtration system, laundry sink cabinet, and removal of the popcorn ceiling in the living room.The kitchen was beautifully enhanced in 2023 by removing the wall between the kitchen and dining area, creating a brighter and more open-concept layout. A stylish new backsplash was also added in 2026, and a new entrance door (2026). Both bathrooms were fully renovated in 2023 with new vanities, mirrors, toilets, faucets, lighting, and fans. Additional updates include a new washer and dryer (2025).As an added bonus, the seller is including brand-new materials for a future bathroom renovation, including an OVE shower base, shower glass panel, toilet, vanity, mirror, fan, faucet, and extra laminate flooring a fantastic opportunity for buyers to customize additional living space.Conveniently located just steps to Yonge Street and public transit, and minutes to Upper Canada Mall, Food Basics, Walmart, restaurants, parks, schools, and many other amenities, a wonderful opportunity to own a beautifully updated home in a highly sought-after location.
Estimate your monthly payments for this property
Estimated Payment
$4,861.25/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.
230 Lancaster 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 $733/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 17 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.
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.
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.
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 $4,579 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.