$695,000 - 617 Gibney Crescent, Newmarket
Condo for Sale in Newmarket
109 days on market- MLS Number
- N12816188
- Property Type
- Condo
- Status
- active
- Days on Site
- 109
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Newmarket
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Absolutely immaculate and extensively renovated, this move-in-ready 3+1 bedroom, 2-bathroom, 2-storey townhome is set on a picturesque park-side lot surrounded by mature trees, scenic trails, and endless outdoor recreation. Featuring a finished walk-out basement, private garage and driveway, and a bright open-concept living and dining area, this home offers the perfect balance of comfort and style. Nearly $30,000 has been invested in recent enhancements throughout. The home showcases luxury vinyl tile flooring throughout, contemporary pot lights, refreshed baseboards, and updated carpeting on the stairs with a refinished railing. The kitchen has been beautifully modernized with granite countertops, stainless steel appliances (fridge, stove, dishwasher, and hood vent), and a custom built-in pantry that will remain. The entire interior has also been freshly painted, creating a clean, cohesive, and move-in-ready feel.The functional eat-in kitchen and thoughtfully designed layout make this property ideal for families, professionals, retirees, and outdoor enthusiasts alike. Situated in a welcoming community just minutes to Hwy 400 & 404, Upper Canada Mall, GO Train and Bus service, Southlake Hospital, and everyday amenities. Steps to local schools and parks.Maintenance fees provide exceptional value, covering summer lawn care, all window replacements, roof repairs, garage door maintenance, and virtually all exterior building components-offering true peace of mind and low-maintenance living.
Estimate your monthly payments for this property
Estimated Payment
$3,565.71/mo
Includes CMHC insurance ($19,391)
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.
617 Gibney Crescent, 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 $579/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.
Negotiation Opportunity
At 109 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.
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.
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 $2,896 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.