$729,000 - 707 Caradonna Crescent, Newmarket
Condo for Sale in Newmarket
- MLS Number
- N13154310
- Property Type
- Condo
- Status
- active
- Days on Site
- 23
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Newmarket
- Locker
- None
- Exposure
- North South
- Balcony
- None
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Get your foot in the door in Armitage Village, one of Newmarket's most sought-after established communities. Located in desirable South Newmarket, this spacious condo townhome delivers the best of both worlds - the space and privacy of a traditional townhome with the ease of low-maintenance condo living. Ideal for downsizers, small families, busy professionals, and frequent travellers. Offering 1,648 sq ft, this well-designed home features 3 bedrooms, 3 bathrooms, and peaceful courtyard views. The main floor includes an eat-in kitchen with ample storage, a comfortable family room, and combined living and dining areas overlooking the courtyard. Upstairs, the primary suite features a renovated 5-piece ensuite, walk-in closet, and feature window. Two additional comfortably-sized bedrooms and a full 4-piece bathroom complete the second level. The full unspoiled basement offers excellent potential for storage, recreation, or future finishing. Notable updates include direct garage entry, updated windows, furnace (2024), central air conditioning (approx. 2023), and upgraded exterior steps, walkways, and columns (completion expected summer 2026). Enjoy carefree condo townhome living with lawn care and snow removal to your front door included in the monthly fees, along with exterior upkeep of common elements. An added advantage of condo ownership is that major exterior components such as the roof, windows, and garage door are replaced through the condominium corporation as needed, helping reduce exposure to large unexpected expenses. Ideally located just steps from shopping, Bailey Ecological Park, the Mulock Multi-Use Path, and the future Mulock Park featuring gardens, a skating trail, and AGO partnership programming. Close to Armitage Village PS, Sir William Mulock SS, public transit, Highways 404 and 400, and the future Mulock GO Station.
Estimate your monthly payments for this property
Estimated Payment
$3,740.15/mo
Includes CMHC insurance ($20,339)
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.
707 Caradonna 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 $456/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 23 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 $3,038 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.