$6,995/mo - 598 Lyman Boulevard, Newmarket
Detached for Rent in Newmarket
101 days on market- MLS Number
- N12828348
- Property Type
- Detached
- Status
- active
- Days on Site
- 101
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- EXP REALTY
Welcome to this beautifully appointed home in a highly desirable, family-friendly neighbourhood close to schools, parks, and shopping. Designed for everyday comfort and effortless entertaining, this spacious residence offers four generously sized bedrooms and four bathrooms, plus a convenient powder room in the pool house. The main level features a large eat-in kitchen, separate dining room, private office, and additional playroom-ideal for growing families and work-from-home living. An upper-level laundry room adds convenience, complemented by a second laundry area. The expansive mudroom offers ample storage and a built-in dog washing station, thoughtfully designed for busy households. The beautifully renovated primary retreat is a true standout, complete with a private deck, cozy gas fireplace, renovated ensuite, and an impressive walk-in closet/wardrobe (formerly a fifth bedroom). A cedar closet and intercom system in the bedrooms further enhance comfort and functionality. Bedrooms three and four share a Jack-and-Jill semi-ensuite. The fully finished basement features a separate entrance, kitchen, bedroom, and bathroom-ideal for extended or multi-generational living. Step outside to your private backyard oasis with an in-ground saltwater pool and pool house with its own powder room. The pool has been extensively updated with a new salt cell (2024), heater (2025), filter (2025), and a liner scheduled for Spring 2026. Major updates include all-new windows (2020), roof (2017), furnace and hot water tank (2016), and air conditioner (replaced in 2025). Meticulously maintained and thoughtfully updated throughout, this home truly has it all.
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.
598 Lyman Boulevard, Newmarket
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $6,995/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in Newmarket. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Negotiation Opportunity
At 101 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.
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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Newmarket.
Bathroom Count Matters
With 5 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.