$988,000 - 614 Mcbean Avenue, Newmarket
Detached for Sale in Newmarket
New — Listed 3 days ago- MLS Number
- N13444952
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
**** Enjoy the expansive, open backyard with lush green lawn and stunning unobstructed views, the perfect setting for outdoor living, entertaining, or simply soaking in natures beauty. Fully separate walk-out basement featuring a private entrance, its own kitchen, laundry, and living space ideal for extended family living or as a great mortgage helper playground, basketball court, Open Concept, Inviting & Immaculate Like A Model Having Approx. 2,200+ Sqft Of Finished Living Space.Surrounded By Nature,Park Greenspace & Privacy,This Executive Home Features 9Ft Ceilings/Main Fl,Chef-Style Eat-In Kitchen W/Centre Island,B/Splash('19),Quartz C/Top('19), & U/C Lighting.Dining Room & Family Room Overlook Expansive Park/Field Greenspace, W/Large Patio & ('19)Sun-Filled+Bright T/Out,Ample Storage, Spacious Bedrooms & Newly Renovated Ensuite('17) Complete This Perfect Family Home. interior garage access, Finished Lower Level Potential Nanny Suite W/Separate Walk-Up Entrance, Features: Laundry, Bedroom W/W-In Closet, Full Kitchen, Bath+ Landscaped B/Yard.(New Pavers('19) Direct Garage Entrance Inside Home.. Extras: S/S Appl:Stove,D/W,Micro,Newer Fridge(12/21); Wh-W/D-Main;Nest Thermostat;All Elf's+Window Cov;Gdo+1Remote.Basement Appl.Incl.White: Stove,Newer Fridge Whirpool, Micro, Stacked Wh/W/D ;Cac; Cvac.Hwt(R) Exclude: Primary Bdrm Elf.Roof+Siding '17;Furnace "16
Estimate your monthly payments for this property
Estimated Payment
$5,068.95/mo
Includes CMHC insurance ($27,565)
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.
614 Mcbean Avenue, 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 $659/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Newmarket's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 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 $4,117 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.