$819,900 - 543 Timothy Street Unit 204, Newmarket
Condo for Sale in Newmarket
- MLS Number
- N12890390
- Property Type
- Condo
- Status
- active
- Days on Site
- 24
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Newmarket
- Locker
- Owned
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Showcasing authentic brick-and-beam construction, this loft condominium at 543 Timothy Street, Unit 204 located in the sought-after Specialty Lofts in the heart of downtown Newmarket. Offering approximately 1,463 sq. ft. of open-concept living space, this rare two-bedroom, two-bathroom residence showcases authentic loft character with original brick and beam construction, soaring ceilings, and oversized windows with southeast exposure and serene views of trees, parkland, and the surrounding community. The spacious living area features cork flooring and built-in shelving, flowing seamlessly into a modern kitchen with stainless steel appliances, breakfast bar, and an open dining space ideal for entertaining. The primary bedroom includes a walk-in closet, a 4-piece ensuite, and integrated ensuite laundry, while the second bedroom offers its own walk-in closet and convenient semi-ensuite access. Carpet-free throughout, the suite also includes a owned locker and two owned parking spaces, a rare and valuable offering. Residents enjoy premium building amenities such as an exercise room, party and media rooms, games room, visitor parking, and a community BBQ area, with heat, hydro, water, cable TV, and parking included in the maintenance fees. Perfectly positioned steps to Fairy Lake Park, trails, and conservation areas, and minutes to St. Andrews Valley Golf Club, Cardinal Golf Club, and Eagle's Nest Golf Club. Walk to Main Street shops, restaurants, the Newmarket Theatre, and local schools, with YRT/Viva transit nearby and easy access to the Newmarket GO Station for a seamless commute. This is authentic loft living at its finest in one of Newmarket's most vibrant and walkable locations.
Estimate your monthly payments for this property
Estimated Payment
$4,206.51/mo
Includes CMHC insurance ($22,875)
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.
543 Timothy Street Unit 204, 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 $586/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 24 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.
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.
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 $3,416 (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.