$1,260,000 - 793 Prest Way, Newmarket
Detached for Sale in Newmarket
34 days on market- MLS Number
- N13121246
- Property Type
- Detached
- Status
- active
- Days on Site
- 34
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Welcome to 739 Prest! This stunning 4-bedroom, 4-bathroom home offering spacious living, elegant finishes, and an unbeatable location is close to many beautiful km's of trail systems and outdoor amenities. Designed with comfort and functionality in mind, this home features impressive 9-foot ceilings that create a bright and airy atmosphere throughout the main level. The thoughtfully designed layout offers generous living and dining spaces perfect for both everyday living and entertaining.The modern kitchen, with a 36" gas range/cooktop and stainless appliances, flows seamlessly into the family room, backyard and dining room, creating the ideal gathering space for family and guests at any time of the year. Upstairs, you'll find a primary bedroom retreat complete with a private 5-piece ensuite boasting a stand alone tub, oversized glass shower enclosure and double sinks set into a huge vanity, finished off with a walk-in closet with a full closet organizer. The second, expansive bedroom has its own private 4-piece ensuite and double closet. Bedrooms 3 and 4 share a 4-piece ensuite of their own. Laundry is located on the second floor for your convenience. The basement is an unspoiled pallet for your imagination. You'll notice the backyard is fully fenced and gated for your furry friends and the kids to play safely with the play set provided. This is your chance to settle in the quietest and most prestigious part of Woodland Hills, the most coveted area of Newmarket.
Estimate your monthly payments for this property
Estimated Payment
$5,573.40/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.
793 Prest Way, 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
Competitive Pricing
At $504/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 34 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.
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.
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 $5,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.