$595,000 - 400 Park Avenue Unit 203, Newmarket
Condo for Sale in Newmarket
51 days on market- MLS Number
- N13035186
- Property Type
- Condo
- Status
- active
- Days on Site
- 51
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Newmarket
- Locker
- None
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Welcome To The King George School Lofts!*This Stunning 1 Bedroom Loft Offers South/West Views Just Steps to Historic Downtown Newmarket, You Truly Can't Beat The Location!*This Beautifully Designed Unit Showcases Soaring 12'8" Ceilings, Rich Hardwood Flooring, Oversized Windows And An Elegant Open-Concept Layout Filled With Natural Light Throughout*The Kitchen Is Thoughtfully Appointed With Quartz Countertops, A Freestanding Centre Island, And Full-Size Stainless Steel Appliances, Making It Ideal For Both Everyday Living And Entertaining*The 4 Piece Bathroom Is Finished With Marble, Adding Another Touch Of Luxury To The Space*Freshly Painted And Loaded With Upgrades, This Unit Includes Automatic Window Coverings, Custom Built-In Cabinetry, Oversized Closets, And An Abundance Of Storage Throughout*Enjoy The Convenience Of In-Suite Laundry And An Owned, Covered Parking Space*Located In An Unbeatable Area Close To Main Street's Shops, Restaurants, Cafes, And All Amenities That This Sought-After Area Offers*This Exceptional Loft Is Perfect For Those Seeking Style, Comfort, And Convenience In A Prime Location!*Don't Miss It!
Estimate your monthly payments for this property
Estimated Payment
$3,052.66/mo
Includes CMHC insurance ($16,601)
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.
400 Park Avenue Unit 203, 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
Fair Market Value
At $992/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 51 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.
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.
Efficient Living
At 600 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 $2,479 (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.