$579,888 - 272 Jeff Smith Court, Newmarket
Detached for Sale in Newmarket
135 days on market- MLS Number
- N12672494
- Property Type
- Detached
- Status
- active
- Days on Site
- 135
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Newmarket
- Lot Size
- 3,648 sqft
- Listing Brokerage
- THE LIND REALTY TEAM INC.
Land Lease! Age 55+ Retirement Community! Rare Gem in Leisure Valley Newmarket Retirement Community! Located on a peaceful cul-de-sac in sought-after area designed specifically for residents 55+. This beautifully upgraded 2 br bungalow offers comfort, practicality and minimal maintenance! Situated on leased land, this home is ideal for those seeking a lower overhead cost, with a quieter, low maintenance lifestyle just minutes from Southlake Hospital, Riverwalk Commons, Main Street, and all major amenities! 7 mins to highway 404! Step inside to find hardwood flooring throughout, senior friendly bathroom updated with oversized walk-in shower with seat, hand shower and safety grab bars. The huge custom centre island gourmet kitchen features oak cabinetry, breakfast bar and flows effortlessly through garden doors to a spacious dining room walkout to oversized composite deck and privacy overlooking mature trees. This property is ideal for smartsizers, downsizers and retirees looking for comfort, efficiency and a peace of mind in a well-cared for home and community. Pets welcome! Subject to landlord agreement. **Lease land at $910 per month. Maintenance fee of $250.00 per month and Taxes billed monthly at $130.00. (Total Monthly cost of $1290.00 plus utilities). Fees include: Snow removal, grass cutting and exterior maintenance as per the Lease agreement
Estimate your monthly payments for this property
Estimated Payment
$2,975.12/mo
Includes CMHC insurance ($16,179)
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.
272 Jeff Smith Court, 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
Fair Market Value
At $828/sqft, this property is priced in line with current Newmarket market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 135 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.
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.
Efficient Living
At 700 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.
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 $2,416 (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.