$528,800 - 270 Davis Drive Unit 701, Newmarket
Condo for Sale in Newmarket
- MLS Number
- N12878190
- Property Type
- Condo
- Status
- active
- Days on Site
- 28
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Newmarket
- Locker
- Owned
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
One of the largest suites in the building offering an impressive 1,107 sq ft of bright and spacious living!!! * Beautifully updated 2 bedroom suite in a highly desirable building at 270 Davis Drive in the heart of Newmarket * Excellent split bedroom layout providing ideal privacy with bedrooms located on opposite sides of the suite - perfect for families, guests or a home office setup * Elegant welcoming foyer with double mirrored closet doors creating a bright and open first impression * Sun filled eat-in kitchen featuring large windows, updated cabinetry, modern finishes and plenty of space for everyday dining * Spacious formal dining area with ample room for a large dining table and additional cabinetry - ideal for hosting family gatherings and entertaining guests * Expansive living room filled with natural light from the large windows offering a warm and inviting space to relax or entertain * Two generously sized bedrooms * The primary bedroom offers huge walk-in closet providing excellent storage & 4 piece upgraded ensuite * 2nd spacious bedroom has 2 double closets & conveniently located 4 piece upgraded bathroom * Convenient ensuite laundry * Suite conveniently located close to the elevator allowing for easy access when bringing groceries and parcels home * Includes one underground parking space and one locker for additional storage * Well maintained building featuring fantastic amenities including a party room, exercise room and indoor lap pool (coming soon) * Located in a prime central Newmarket location just minutes to Upper Canada Mall, Southlake Regional Health Centre, restaurants, shopping, parks and walking trails * Excellent access to public transit, the Newmarket GO Station and quick access to Hwy 404 making commuting easy * Rare opportunity to own a spacious move-in ready suite in a sought-after Newmarket community!
Estimate your monthly payments for this property
Estimated Payment
$2,713.02/mo
Includes CMHC insurance ($14,754)
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.
270 Davis Drive Unit 701, 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 $529/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 28 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.
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 $2,203 (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.