$879,900 - 578 Tapestry Lane Unit 14, Newmarket
Condo for Sale in Newmarket
31 days on market- MLS Number
- N13123346
- Property Type
- Condo
- Status
- active
- Days on Site
- 31
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,800 sqft
- Neighbourhood
- Newmarket
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to 578 Tapestry Lane, located in one of Newmarket's most desirable neighbourhoods. Step into this bright, inviting home featuring an open-concept design that blends functionality with modern elegance. The main-floor living area features a separate Dining area, an open-concept kitchen with granite countertops, a stylish glass backsplash, stainless steel appliances, and a convenient breakfast bar. The adjacent living room is bathed in natural light, enhanced by a gas fireplace and large windows, with a walk-out to the balcony all overlooking a peaceful ravine, creating a perfect space to relax or entertain. The main-floor primary suite is tranquil, boasting a generously sized walk-in closet with built-in storage and a spacious 4-piece ensuite. Practicality meets convenience in the mudroom, which features a washer & dryer and direct access to the garage. Upstairs, you'll find two spacious bedrooms, a well-appointed 4-piece bathroom, and a large hall closet that adds to the home's ample storage. The finished basement offers additional living space with a 4th bedroom, a 3-piece bathroom, and a spacious family room. Walk out to a patio overlooking the ravine, an ideal spot for outdoor relaxation. With large storage rooms and endless possibilities, the basement is a fantastic extension of the home. This home is ideally located just minutes from parks, schools, the Magna Community Centre, Southlake Hospital, transit, downtown Newmarket, and a wide range of major amenities. With its perfect combination of comfort, convenience, and exceptional curb appeal, 578 Tapestry Lane is truly a place to call home.
Estimate your monthly payments for this property
Estimated Payment
$4,514.34/mo
Includes CMHC insurance ($24,549)
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.
578 Tapestry Lane Unit 14, 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 $489/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.
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 4 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 $3,666 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.