$1,875,000 - 367 Penn Avenue, Newmarket
Detached for Sale in Newmarket
Popular Listing- MLS Number
- N12930552
- Property Type
- Detached
- Status
- active
- Days on Site
- 13
- Bedrooms
- 6
- Bathrooms
- 7
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- SOLID ROCK REALTY
This spectacular Custom Home on a 50' x 195' lot, with no rear neighbours and incredible finishings awaits you! When was the last time you saw a home with 4 bedrooms upstairs, plus two in the basement, and ALL of them had their own, individual, ensuite bathroom?? Yes, it is a 4+2 bedroom, 7 luxurious bathroom home, located steps to Newmarket's main street. With a stone exterior, and architectural details throughout, you are welcomed into the large foyer and will be blown away by the gorgeous porcelain floors and extra lighting details. There are 10 ft ceilings on the main floor as well as the basement floors and 9ft ceilings on the second floor. Many listings say it- but THIS is a chef's kitchen. A STUNNING 8-ft waterfall island, custom cabinetry and exquisite finishes like the pot filler and backsplash. There is a main floor livingroom, dining room AND versatile office space. Upstairs you will find 4 bedrooms that do.not.disappoint. The primary bedroom has an incredible ensuite and a custom walk-in closet. The other 3 Bedrooms also have custom closets and their own, private bathrooms. The FINISHED walk-out basement not only has large recreation area- it also has two bedrooms, two ensute bathrooms, large windows, and a walk- out to the yard. Homes like this are just not available often. You must see these custom finishes for yourself. Minutes to Main St Shopping, GO Transit, Hospital, HWY 400 & 404, Upper Canada Mall & More! The large, private, yard has NO REAR NEIGHBOURS and is perfect for your BBQ and entertaining this summer! Book your private showing today to see this beautiful home.Taxes per Geowarehouse. Sold under power of sale. Sold As-Is, Where Is. Seller does not warranty any aspects of property, including but not limited to: sizes, taxes or condition.
Estimate your monthly payments for this property
Estimated Payment
$8,293.76/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.
367 Penn Avenue, 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 $536/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.
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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 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 7 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 $7,813 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.