$1,299,000 - 333 Rannie Road, Newmarket
Detached for Sale in Newmarket
54 days on market- MLS Number
- N13033124
- Property Type
- Detached
- Status
- active
- Days on Site
- 54
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Welcome to this beautifully upgraded family home in the highly sought-after Summerhill community of Newmarket, offering nearly 2,300 sq ft of above-grade living space. This impressive property features 4 spacious bedrooms, a 2-car garage, and an oversized driveway that parks up to 4 additional vehicles.The main floor showcases a bright, open-concept layout with an expansive combined living and dining area-perfect for hosting and everyday living. The dining room flows seamlessly into the modern, renovated kitchen, complete with a breakfast area that opens onto a large deck overlooking lush, mature greenery. A warm and inviting family room with custom millwork provides the ideal setting for family gatherings and relaxation. A standout feature of this home is the "LEGAL WALKOUT BASEMENT APARTMENT", offering exceptional income potential or multi-generation living. This spacious suite includes a large bedroom, an open living/dining/kitchen area, plus an additional family room that can serve as a second bedroom. The exterior is just as impressive, with beautiful landscaping all around, a full irrigation system, and a fully fenced yard for added privacy. With no neighbors in front or behind, the large backyard provides an ideal space for children to play and for hosting outdoor gatherings.The home features numerous upgrades throughout, including a modern kitchen with top-of-the-line appliances, renovated bathrooms, updated flooring, new windows, fresh paint, refined landscaping, and more. Located in a quiet and family-friendly neighborhood close to top schools, parks, shopping, and transit, this move-in-ready home offers comfort, style, and exceptional value-perfect for families, investors, or anyone seeking a private and beautifully appointed property in Summerhill.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/mo
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.
333 Rannie Road, 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 $650/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 54 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.
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 4 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 $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.