$2,300,000 - 703 Madeline Heights, Newmarket
Detached for Sale in Newmarket
38 days on market- MLS Number
- N12804692
- Property Type
- Detached
- Status
- active
- Days on Site
- 38
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- HOUSESIGMA INC.
BUNGALOW OF YOUR DREAMS!! Premier Lot On Prestigious Madeline Heights. Pool Sized, Nestled Amidst Lush Nature On A Serene, Private Court In One Of The Most Sought-After Enclaves, This Property Offers Tranquility And Exclusivity. With Over 4,280 Sqft Of Finished Living Space, This Expansive Bungalow Provides Luxurious Room. The Fully Landscaped 49.24' X 233.55' Lot Features Glorious Perennial Gardens And Mature Trees, Creating A Personal Paradise. Enjoy Breathtaking Views For Miles Across The Private Golf Course And Greenbelt, Plus Fabulous Sunsets From The Upper Deck Or Lower Patio. In-Law Capability Offers Space For Multi-Generational Living, With A Huge Open Area For Family Fun And Entertaining. Impeccably Maintained And Upgraded, It Captivates With Picture-Perfect Golf Course Views. High Ceilings And Floor-To-Ceiling Custom Patio Doors/Windows Flood It With Light, Framing The Best Views. Elegantly Appointed And Updated, Details Include A Massive Deck With Glass Panels For Scenery Enjoyment And A Covered Lower Patio For Oasis Entertaining. This Treasured Home Is In A Beloved Neighborhood Where Community And Charm Meet. Upgrades: 200-Amp Electrical (2024); Security Cameras Inside/Out (2024); Whole-House Hospital-Grade HEPA Filter (2024); Full Water Treatment Softener & Reverse Osmosis (2024); Custom Triple-Glazed Oversized Patio Doors/Window With Security Film (2025); Upgraded Light Fixtures (2025); Extra-Insulated Oversized Custom Garage Door With High Rails, Car Lift-Ready (2024); Epoxy Garage Floor (2024); Washer/Dryer (2025); New Deck Stairs (2025); Stain On Exterior Woodwork (2025); Upgraded Sprinkler System (2025); Upgraded Driveway (2024), New Roof Insulation (2024), New Kitchen (2023). Seize This Rare Chance To Elevate Your Lifestyle!
Estimate your monthly payments for this property
Estimated Payment
$10,173.68/mo
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.
703 Madeline Heights, 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
Premium Pricing
At $1150/sqft, this property is priced above the Newmarket average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 38 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.
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.
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 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 $9,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.