260 Davis Drive Unit 812, Newmarket

Price: $448,000

2 bedrooms, 1 bathrooms

800 sqft

Property Type: Condo

MLS#: N12683460

Welcome to 260 Davis Drive, Unit 812 - a bright and modern condo in the heart of Newmarket. This well-maintained unit offers a functional layout with generous living space, large windows for abundant natural light, and a private balcony with elevated views. Ideal for first-time buyers, downsizers, or investors. This condo delivers comfort, convenience, and excellent value. Enjoy the added benefit of a flexible bonus room, ideal for a home office, hobby space, or neatly organized storage. Whether you work from home or simply need extra room, this space adapts to your lifestyle. Steps to grocery options including Bravo Fresh Foods, a brand-new Asian-grocery option recently opened, minutes to trendy new restaurants, Upper Canada Mall, Southlake Hospital, Costco, Anytime Fitness. Easy access to public transit and GO Station, parks, shopping, and minutes to Hwy 404. Enjoy a vibrant, connected lifestyle in one of Newmarket's most convenient and fast-growing locations.

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$448,000 - 260 Davis Drive Unit 812, Newmarket

Condo for Sale in Newmarket

70 days on market
2Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
N12683460
Property Type
Condo
Status
active
Days on Site
70
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
Newmarket
Locker
Exclusive
Exposure
North East
Balcony
Open
Listing Brokerage
FIRST CLASS REALTY INC.
Description

Welcome to 260 Davis Drive, Unit 812 - a bright and modern condo in the heart of Newmarket. This well-maintained unit offers a functional layout with generous living space, large windows for abundant natural light, and a private balcony with elevated views. Ideal for first-time buyers, downsizers, or investors. This condo delivers comfort, convenience, and excellent value. Enjoy the added benefit of a flexible bonus room, ideal for a home office, hobby space, or neatly organized storage. Whether you work from home or simply need extra room, this space adapts to your lifestyle. Steps to grocery options including Bravo Fresh Foods, a brand-new Asian-grocery option recently opened, minutes to trendy new restaurants, Upper Canada Mall, Southlake Hospital, Costco, Anytime Fitness. Easy access to public transit and GO Station, parks, shopping, and minutes to Hwy 404. Enjoy a vibrant, connected lifestyle in one of Newmarket's most convenient and fast-growing locations.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,298.47/mo

Includes CMHC insurance ($12,499)

$
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5-yr fixed avg.

Principal: $403,200Interest: $273,842
Mortgage Amount$415,699
Total Interest$273,842
Est. Property Tax$317/mo
Total Cost$689,542

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

260 Davis Drive Unit 812, Newmarket

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$317
Insurance (est.)-$93
Net Cash Flow+$1,270

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 $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 70 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.

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.

Efficient Living

At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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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