$929,000 - 57 Alexander Road, Newmarket
Detached for Sale in Newmarket
34 days on market- MLS Number
- N13118638
- Property Type
- Detached
- Status
- active
- Days on Site
- 34
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- ROYAL LEPAGE/J & D DIVISION
Bright and welcoming, the home features an open-concept living and dining area and a family sized eat-in white kitchen with newer appliances and cork flooring. Walk out to the private, landscaped fenced garden with spacious patio, ideal for entertaining. Three well-sized bedrooms, including a primary with a two-piece ensuite, along with two additional bedrooms served by an updated four-piece bathroom. New hardwood flooring runs throughout the main floor (2020). The walk-in lower level, accessible from grade, provides excellent in-law suite potential. It includes a family room with a gas stone fireplace, a dedicated home office space, an additional bedroom, currently used by the owners as a mudroom and a three-piece bathroom. An oversized garage with partial wood-clad interior, insulation, windows, and a front workshop area adds versatility and still space to park a car, while the long driveway accommodates two cars. The extensive recent upgrades include new hardwood floors (2020), replacement of all aluminum wiring (2020), updated bathroom floors (2020), roof (2017), new patio, fencing and stairs (2024), insulated garage ceiling (2024), furnace (2024), and upgraded attic insulation (2025). Situated in the quiet, family-friendly Gorham-College Manor neighbourhood, close to top-rated schools including Prince Charles Elementary, French immersion, Huron Heights and Sacred Heart Catholic Secondary, Southlake Regional Health Centre, Newmarket GO Train, historic Main Street, Riverwalk Commons, numerous parks and trails, shops, and easy access to Hwy 404. An excellent bungalow offering comfort, flexibility, and move-in-ready living, with exceptional privacy in a highly desirable location.
Estimate your monthly payments for this property
Estimated Payment
$4,766.25/mo
Includes CMHC insurance ($25,919)
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.
57 Alexander Road, 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 $845/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.
Market Position
At 34 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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Newmarket. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 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 $3,871 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.