$1,115,000 - 489 Menczel Crescent, Newmarket
Detached for Sale in Newmarket
New — Listed 2 days ago- MLS Number
- N12979810
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Welcome to this spacious and versatile 4+2 bedroom, 4 bathroom home located in a highly desirable Newmarket neighbourhood * Offering a functional layout with exceptional flexibility, this property is ideal for growing families, multi-generational living or income potential * The main level features a bright and well-designed floor plan with generous principal rooms, perfect for both everyday living and entertaining * A dedicated main floor office provides the ideal space for working from home or can easily serve as a study or additional sitting area * The kitchen offers ample cabinetry and workspace, seamlessly connecting to the dining and living areas for a practical and inviting flow * Upstairs, you will find four generously sized bedrooms including a spacious primary retreat complete with a private ensuite bathroom * The fully finished basement features a separate entrance, cold room, and a well-appointed 2-bedroom in-law suite with its own kitchen, offering excellent potential for extended family or rental income * This home provides the perfect balance of space, functionality and opportunity * Located close to top-rated schools, parks, shopping, transit and all essential amenities * A fantastic opportunity to own a home that offers both comfort and long-term value in one of Newmarket's most sought-after communities! *Some pictures have been virtually enhanced*
Estimate your monthly payments for this property
Estimated Payment
$4,932.02/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.
489 Menczel Crescent, 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 $558/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Newmarket's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 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 $4,646 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.