246 Aspenwood Drive, Newmarket

Price: $1,298,000

5 bedrooms, 5 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: N12941650

Turnkey Elegance in the Heart of Woodland Hills - A Home That Has It All. Welcome to this stunning 4+1 bedroom, 5 bathroom residence, With over 3,000 sqft of living space, where timeless design meets modern living in one of Woodland Hills' most sought-after streets. From the moment you arrive, the beautiful landscaping and exceptional curb appeal set the tone for everything inside. Step through the front door into the grand entrance, greeted by rich hardwood floors that flow seamlessly across both the main and second levels, framed by elegant crown mouldings and classic wainscoting that give the home a refined look. Contemporary accent walls add just the right touch of modern personality throughout.The heart of the home is a true chef's kitchen, complete with gleaming granite countertops, a breakfast bar perfect for morning coffee or casual entertaining, and a layout designed for those who love to cook and gather. It flows effortlessly into the warm and inviting family room, where a gas fireplace creates the perfect ambiance on any evening. A separate dining room, living room, dedicated laundry room and convenient powder room round out the thoughtfully designed main floor. Upstairs, four generously sized bedrooms each feature custom built-in closet organizers and direct bathroom access - a rare and practical luxury that makes busy mornings effortless for families.The fully self-contained basement suite with a walk-out is a standout feature. Whether you choose to house extended family or potentially generate rental income, this bright and well-appointed space includes a full kitchen, a 3-piece bathroom, its own laundry room, fireplace in the living room, and quality ceramic and laminate flooring throughout. Close to schools, public transit, GO train, Upper Canada mall, groceries, restaurants, movie theatre, and big box stores, it is conveniently located for all your needs.This is a turnkey, move-in ready home that blends elegance, function, and outstanding value.

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$1,298,000 - 246 Aspenwood Drive, Newmarket

Detached for Sale in Newmarket

Popular Listing
5Beds
5Baths
2,000 - 2,499Sq Ft
Detached
Property Details
MLS Number
N12941650
Property Type
Detached
Status
active
Days on Site
9
Bedrooms
5
Bathrooms
5
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Newmarket
Listing Brokerage
RIGHT AT HOME REALTY
Description

Turnkey Elegance in the Heart of Woodland Hills - A Home That Has It All. Welcome to this stunning 4+1 bedroom, 5 bathroom residence, With over 3,000 sqft of living space, where timeless design meets modern living in one of Woodland Hills' most sought-after streets. From the moment you arrive, the beautiful landscaping and exceptional curb appeal set the tone for everything inside. Step through the front door into the grand entrance, greeted by rich hardwood floors that flow seamlessly across both the main and second levels, framed by elegant crown mouldings and classic wainscoting that give the home a refined look. Contemporary accent walls add just the right touch of modern personality throughout.The heart of the home is a true chef's kitchen, complete with gleaming granite countertops, a breakfast bar perfect for morning coffee or casual entertaining, and a layout designed for those who love to cook and gather. It flows effortlessly into the warm and inviting family room, where a gas fireplace creates the perfect ambiance on any evening. A separate dining room, living room, dedicated laundry room and convenient powder room round out the thoughtfully designed main floor. Upstairs, four generously sized bedrooms each feature custom built-in closet organizers and direct bathroom access - a rare and practical luxury that makes busy mornings effortless for families.The fully self-contained basement suite with a walk-out is a standout feature. Whether you choose to house extended family or potentially generate rental income, this bright and well-appointed space includes a full kitchen, a 3-piece bathroom, its own laundry room, fireplace in the living room, and quality ceramic and laminate flooring throughout. Close to schools, public transit, GO train, Upper Canada mall, groceries, restaurants, movie theatre, and big box stores, it is conveniently located for all your needs.This is a turnkey, move-in ready home that blends elegance, function, and outstanding value.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,741.49/mo

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5-yr fixed avg.

Principal: $1,038,400Interest: $684,048
Mortgage Amount$1,038,400
Total Interest$684,048
Est. Property Tax$919/mo
Total Cost$1,722,448

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.

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Neighbourhood Guide: Newmarket

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

246 Aspenwood Drive, Newmarket

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,700/mo
Range: $3,145 - $4,255
Cap Rate (ROI)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$919
Insurance (est.)-$270
Net Cash Flow+$2,511

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $649/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.

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 5 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 5 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 $5,408 (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.

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