$1,268,000 - 492 Traviss Drive, Newmarket
Detached for Sale in Newmarket
97 days on market- MLS Number
- N12838208
- Property Type
- Detached
- Status
- active
- Days on Site
- 97
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Newmarket
- Lot Size
- 5,568 sqft
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Welcome to this beautifully maintained 3259 sq ft detached home backing onto a serene greenbelt, offering 4 spacious bedrooms (including 2 with ensuite bathrooms), a main floor library, and a brand-new professionally finished 3-bedroom basement apartment with a separate entrance, full kitchen, and 2 bathrooms perfect for multi-generational living or generating rental income. Thoughtfully upgraded with hardwood flooring, pot lights throughout, and a new kitchen countertop, the sun-filled main floor features an elegant living and dining area, as well as a breakfast area that walks out to a private sundeck overlooking nature. Upstairs, you'll find four generously sized bedrooms, including a luxurious primary suite with a 5-piece ensuite, sitting area, and walk-in closet. One of the secondary bedrooms also features its own ensuite, while the others share a spacious bath. The newly finished basement offers a bright and functional layout with three bedrooms (all have windows), two bathrooms (including one semi-ensuite), a full-size kitchen, dining area, and living room. The private backyard is a true oasis with no rear neighbors and tranquil greenbelt views. Conveniently located close to schools, parks, Newmarkets historic Main Street, shops, restaurants, the hospital, Tom Taylor Trail, dog park, Costco & Costco Business Center, Highway 404 and more.
Estimate your monthly payments for this property
Estimated Payment
$5,608.79/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.
492 Traviss Drive, 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 $423/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.
Negotiation Opportunity
At 97 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.
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 3,000 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 7 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 6 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.