$899,900 - 389 Ontario Street, Newmarket
Detached for Sale in Newmarket
Popular Listing- MLS Number
- N12943654
- Property Type
- Detached
- Status
- active
- Days on Site
- 9
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- OULAHEN TEAM REALTY INC.
Charming 3 bedroom, 2 bathroom detached home on a quiet street in the heart of downtown Newmarket. This home is beautifully maintained with original trim and mouldings throughout. Gas fireplace, built-in bookshelves in living room flows into dining area with bright picture window, perfect for family meals and entertaining. Chef's kitchen with stainless steel appliances, breakfast bar, farmhouse stainless steel sink, and subway tile backsplash. Cozy family room with walk out to relaxing deck and backyard. Renovated 3 piece bath on main floor. Spacious bedrooms with ample closet space. Third level bedroom with sloped ceilings offering architectural character. Total of 6 parking spaces, 4 cars in extra-large garage. Conveniently located just 700 metres to Newmarket GO station, YRT, and VIVA. Walk to Main St shops, Newmarket Recreation Centre, and close to Upper Canada Mall, Costco, Farm Boy, Real Canadian Superstore, No Frills, Food Basics, restaurants, shops, schools, parks, and so much more!
Estimate your monthly payments for this property
Estimated Payment
$4,616.95/mo
Includes CMHC insurance ($25,107)
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.
389 Ontario Street, Newmarket
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Rental income estimator & ROI calculator
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 $600/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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $3,750 (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.