$525,000 - 250 Davis Drive Unit 604, Newmarket
Condo for Sale in Newmarket
- MLS Number
- N12891790
- Property Type
- Condo
- Status
- active
- Days on Site
- 23
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Newmarket
- Locker
- Ensuite+Exclusive
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Impressively Spacious And Thoughtfully Designed, This 3-Bedroom, 2-Bathroom Condo At The Atwood Offers Approximately 1,426 Sq. Ft. Of Well-Planned Living Space In The Heart Of Central Newmarket, Delivering The Comfort And Flow Of A Bungalow With The Ease Of Condo Living.The Expansive Living And Dining Areas Provide A Flexible Layout And A Fantastic Opportunity To Modernize And Personalize To Your Taste. The Functional Eat-In Kitchen And Sun-Filled Sunroom Offer An Excellent Foundation For A Fresh Design Vision-Ideal For Buyers Looking To Create Their Ideal Space.The Oversized Primary Bedroom Features A Walk-In Closet And Convenient Access To One Of Two Bathrooms, While Two Additional Generously Sized Bedrooms Allow For Multiple Layout And Design Possibilities.Enjoy The Convenience Of In-Suite Laundry, An Exclusive Ensuite Locker, And Owned Underground Parking. The All-Inclusive Maintenance Fees Cover Heat, Hydro, Water, Central Air Conditioning, Cable TV, Parking, And Building Insurance, Offering Outstanding Value And Predictable Monthly Costs.This Well-Managed Building Features Amenities Including An Exercise Room, Party/Meeting Room, Visitor Parking, And Elevators. Ideally Located Steps To Public Transit, Shopping, Library, Hospital, Community Centre, And Places Of Worship, With Easy Access To All That Newmarket Has To Offer. A Fantastic Opportunity To Secure A Large, Functional Condo In A Prime Location-Perfect For Anyone Seeking Space Without Compromise.
Estimate your monthly payments for this property
Estimated Payment
$2,693.52/mo
Includes CMHC insurance ($14,648)
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.
250 Davis Drive Unit 604, 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 $375/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 23 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 $2,188 (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.