$687,000 - 71 Harrison Drive, Newmarket
Semi-Detached for Sale in Newmarket
- MLS Number
- N13165694
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 21
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- FARIS TEAM REAL ESTATE BROKERAGE
Top 5 Reasons You Will Love This Home: 1) Beautifully appointed, this 3+1 bedroom semi-detached bungalow offers a bright and well-balanced layout providing everyday comfort and timeless appeal, making it an ideal fit for families, professionals, or those seeking long-term value 2) Private, separate entrance enhancing the home's versatility, creating an excellent opportunity for extended family living, guest accommodations, or multi-generational flexibility 3) The main level is elevated by fresh paint and new engineered hardwood flooring underfoot, adding warmth and a fresh, modern aesthetic while seamlessly connecting the principal living spaces 4) Fully finished basement extending the home's functionality with a bedroom, kitchen, and updated bathroom, providing a comfortable and self-contained space perfect for in-laws, teens, or visitors 5) Ideally situated in a convenient and family-friendly neighbourhood, just moments from public transit, schools, parks, shopping, and dining, with quick access to Upper Canada Mall, Southlake Regional Health Centre, Historic Main Street Newmarket, and Highways 400 and 404. 1,018 above grade sq.ft. plus a finished basement *Please note some images have been virtually staged to show the potential of the home.
Estimate your monthly payments for this property
Estimated Payment
$3,524.67/mo
Includes CMHC insurance ($19,167)
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.
71 Harrison Drive, 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
Fair Market Value
At $981/sqft, this property is priced in line with current Newmarket market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 21 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,863 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.