$999,000 - 59 Charles Street Unit 8, Newmarket
Condo for Sale in Newmarket
- MLS Number
- N12916732
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Newmarket
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- YORK NATIONAL REALTY INC.
Welcome To 11 On Charles! Stunning Boutique Townhomes In The Heart Of Newmarket! This Bright, Open-Concept 1,535 Sq. Ft. Unit Offers 3 Bedrooms, 3 Bathrooms, And Is Filled With Natural Light And Luxurious Upgrades Throughout. Designed With High-End Finishes And Unparalleled Craftsmanship, The Home Features 9' Smooth Ceilings, White Oak 6" Engineered Hardwood, 8.5" Baseboards, 4" Casings, A Statement Oak Staircase With Glass Railings, And An Electric Fireplace. The Chef-Inspired Kitchen Boasts Extended Upper Cabinets, Valance Lighting, Granite Counters, And A Spacious Waterfall Island, Perfect For Entertaining. Ideally Located Directly Across From Southlake Regional Health Centre And Just A Short Walk To Historic Main Street, Fairy Lake, Trails, Parks, Cafes, Patios, And Local Shops. Minutes To GO Transit, Hwy 404/400. Whether You're Working Remotely, Entertaining, Or Exploring The City, This Home Offers The Perfect Balance Of Style, Comfort, And Walkable Convenience.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
59 Charles Street Unit 8, Newmarket
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Rental income estimator & ROI calculator
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 $714/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 16 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.