$730,000 - 745 Caradonna Crescent, Newmarket
Condo for Sale in Newmarket
- MLS Number
- N13175778
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Newmarket
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- HOMELIFE FRONTIER REALTY INC.
Rarely Offered Oversized End-Unit Townhome Offering Space Comparable to a Detached Home! This exceptionally spacious end unit provides the feel of a semi-detached home with the convenience of townhouse living. The oversized kitchen features ample cabinetry and generous counter space, ideal for growing families and everyday living. Located right beside the kitchen and front entrance, the separate Family Room offers a highly private and versatile space - perfect for a home office, media room, kids' playroom, or your own personal retreat. The second-floor Primary Bedroom includes an expansive Sitting Area large enough to comfortably accommodate a full home office setup while still maintaining a relaxing bedroom environment. Perfectly situated near Armitage Village Public School (JK-8) and Sir William Mulock Secondary School (9-12), making school commutes exceptionally convenient for families. Easy access to Highways 404 & 400, as well as the future Mulock GO Station, provides outstanding commuting and transportation convenience. The unfinished basement offers a clean and functional layout with endless potential to create your dream space - additional Family Room, bathroom, gym, recreation area, or in-law setup. As an added bonus, the townhouse complex is currently undergoing exterior upgrades to the front entrances and stairways. Once completed in approximately one month, the community will showcase an even more refreshed and modern appearance. A rare opportunity to own an oversized end-unit townhome with the spacious feel of a detached property and the added privacy of an end unit.
Estimate your monthly payments for this property
Estimated Payment
$3,745.28/mo
Includes CMHC insurance ($20,367)
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.
745 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 18 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 $3,042 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.