$1,249,900 - 475 Kwapis Boulevard, Newmarket
Detached for Sale in Newmarket
33 days on market- MLS Number
- N13126408
- Property Type
- Detached
- Status
- active
- Days on Site
- 33
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- HOMELIFE FRONTIER REALTY INC.
Welcome To This Beautifully Maintained 4-Bedroom Family Home Featuring A Fully Finished Walkout Basement - Excellent Income Potential. The Home Showcases Over 3800Sq Ft Of Living Space, 9' Ceilings And A Dramatic 20' Open Foyer, Complemented By Hardwood Floors And Pot Lights Throughout The Main Level, Creating A Warm And Elegant Atmosphere. The Main Floor Features A Separate Side Entrance, Private Office And An Inviting Family Room With A Cozy Gas Fireplace-Perfect For Relaxing Evenings. The Spacious Eat-In Kitchen Offers Granite Countertops, Tall Cabinetry, And A Walk-Out To The Deck, Ideal For Enjoying Morning Coffee Or Hosting Summer Gatherings. Upstairs, The Generous Primary Suite Includes A Walk-In Closet And A Luxurious 5-Piece Ensuite With A Soaker Tub And Glass Shower. Three Additional Well-Appointed Bedrooms Complete The Upper Level, Including One Bedroom With Its Own Private Ensuite, While Another Features A Private Balcony And A Semi-Ensuite Shared With The Third Bedroom, Offering Comfort And Flexibility For Family Or Guests. The Fully Finished Walkout Basement Adds Exceptional Value And Versatility, Featuring A Large Recreation Room, Full Kitchen, Breakfast Area, Two Bedrooms, A 3-Piece Bathroom, And Its Own Laundry-Ideal For Extended Family Living Or Rental Income. Step Outside To A Fully Fenced Backyard Complete With A Concrete Patio And Vegetable Garden, Perfect For Entertaining Or Enjoying Family Time Outdoors. Conveniently Located Just Minutes From Top-Rated Schools, Parks, Shopping, Dining, And Easy Access To Highway 404, This Home Truly Has It All. Bonus: A+ Tenant Month To Month Currently In The Basement Willing To Stay - Please Note Some Photos Have Been Virtually Enhanced
Estimate your monthly payments for this property
Estimated Payment
$5,528.73/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.
475 Kwapis Boulevard, 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 $500/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.
Market Position
At 33 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 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 5 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 $5,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.