$709,000 - 543 Timothy Street Unit 302, Newmarket
Condo for Sale in Newmarket
31 days on market- MLS Number
- N13123372
- Property Type
- Condo
- Status
- active
- Days on Site
- 31
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Newmarket
- Locker
- Owned
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome to the sought-after Timothy Lofts in the heart of Newmarket! This 900+ sq ft stylish 1+den/office condo offers the perfect blend of modern loft living, convenience, and lifestyle. Ideal for working professionals, first-time buyers, or commuters. This beautifully designed unit features an open concept layout, exposed brick walls with wood beams, wall to wall windows and two parking spots. It is located just steps from vibrant Main Street Newmarket, where you will find cafés, restaurants, shops, trails, and year-round community events like the farmers market. Walking distance to Southlake Regional Hospital and easy access to transit and commuting routes to downtown Toronto. The building features exceptional amenities, including a fully equipped gym, rooftop terrace with BBQ's, theatre room, games room with pool table, and tons of visitor parking. Monthly maintenance fees conveniently include internet, cable, hydro, heat, water, and sewage with no extra utility costs to worry about besides your property taxes. Experience the downtown lifestyle without the downtown cost of living in one of Newmarket's most desirable condo communities.
Estimate your monthly payments for this property
Estimated Payment
$3,637.54/mo
Includes CMHC insurance ($19,781)
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 302, 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 $788/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 31 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.
Efficient Living
At 900 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 $2,954 (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.