$1,598,000 - 847 Memorial Circle, Newmarket
Detached for Sale in Newmarket
Popular Listing- MLS Number
- N12927210
- Property Type
- Detached
- Status
- active
- Days on Site
- 14
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- RE/MAX EXPERTS
Offered for sale for the very first time, this well maintained detached home reflects true original owner pride of ownership and is located in one of Newmarket's most desirable pockets. Set on a premium lot facing a beautiful park with no direct front neighbours, this home offers both privacy and scenic views. Boasting over 2,500 sq ft above grade plus a finished walkout basement, the home features 4+1 bedrooms and 4 bathrooms. The bright west facing layout fills the home with natural light and offers beautiful evening sun. Enjoy a front balcony overlooking the park along with a backyard deck complete with a large awning, perfect for outdoor living. The open concept kitchen is equipped with granite countertops and a large island, ideal for entertaining. Additional highlights include hardwood flooring on the main and second levels with no carpet, 9 ft ceilings, oak stairs, two gas fireplaces, and the convenience of upper floor laundry. All bedrooms are generously sized including a spacious primary retreat with a walk in closet. The finished walkout basement with a separate entrance includes one bedroom, a full bathroom, and a dedicated home theatre with a 110 inch projector setup, which can easily be converted into a second bedroom, offering excellent potential for a 2 bedroom in law suite or income generating apartment, with additional space available to add a kitchen. The professionally finished garage features upgraded doors and epoxy flooring, creating a clean and polished space. Ideally located close to top rated schools, parks, walking trails, Highway 404, Costco, Starbucks, and all everyday amenities.
Estimate your monthly payments for this property
Estimated Payment
$7,068.49/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.
847 Memorial Circle, 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 $639/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.
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 $6,658 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.