$729,000 - 543 Timothy Street Unit 318, Newmarket
Condo for Sale in Newmarket
108 days on market- MLS Number
- N12786088
- Property Type
- Condo
- Status
- active
- Days on Site
- 108
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Newmarket
- Locker
- Owned
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- MAIN STREET REALTY LTD.
Welcome to Unit 318 at 543 Timothy Street - a rare top-floor loft offering style, space, and privacy in one of the area's most desirable boutique buildings. This bright and airy residence features soaring ceilings higher than the other two floors, expansive windows, and an open-concept layout designed for modern living. The sleek kitchen flows seamlessly into the living and dining area, making it perfect for entertaining or relaxing at home. Enjoy the tranquility of a top-floor setting with no neighbours above, generous natural light throughout the day, and contemporary finishes that give the space a sophisticated urban feel. Ideally located close to Main St and the Riverwalk Commons with Top shelf bars, restaurants, parks and transit, this loft delivers the perfect blend of convenience and lifestyle. Within a one minute walk to the farmers market and concerts in the Riverwalk. Upgraded black interior windows with 2 parking spots one underground and one surface. Included in the the maintenance fee is heat, hydro, water, sewage, cable including crave and high speed internet. If you look at the individual costs of those items you will find value. New windows were installed last year, and included in the maintenance fee is $247.02 to pay remaining balance on loan over approx 4 years. Amenities included are Gym, Huge top floor patio with Two BBQ, Theatre room, Games room, Board Meeting Room, Large party room with a professional Kitchen. This is a Prime downtown location
Estimate your monthly payments for this property
Estimated Payment
$3,740.15/mo
Includes CMHC insurance ($20,339)
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 318, 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
Fair Market Value
At $810/sqft, this property is priced in line with current Newmarket market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 108 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.
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 $3,038 (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.