$888,800 - 853 Magnolia Avenue, Newmarket
Detached for Sale in Newmarket
- MLS Number
- N13153466
- Property Type
- Detached
- Status
- active
- Days on Site
- 26
- Bedrooms
- 4
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- RIGHT AT HOME REALTY
Offering a fantastic opportunity at 853 Magnolia. The 3+1 Bedroom Bungalow sits on a fantastic 200' deep Lot with 50 feet of frontage In The Desirable Community Of Newmarket. Located in a friendly Neighborhood close to Parks, Schools, Hospital, Local Amenities and mins away from Hwy 404. The main floor consists of a comfortable living room and dining area with south facing windows, Kitchen with side yard access a Primary Bedroom that walks out to the rear yard deck. 2 secondary bedrooms and the main bath complete your first floor. The finished lower level has new carpet throughout the family room and 4th bedroom. A gas woodstove for added comfort, storage and laundry areas. Fabulous back yard for the gardener. 2 Paw Paw trees a plum tree 2 apple trees, an oak, maple pine and a terrific variety of berries and perennial's to enjoy. Upgrades include windows 2018, roof shingles 2018, driveway 2023, Furnace and Air Conditioner 04 2025, dishwasher 2026, deck repaired 2025
Estimate your monthly payments for this property
Estimated Payment
$4,560.00/mo
Includes CMHC insurance ($24,798)
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.
853 Magnolia Avenue, 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 $808/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 26 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.
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 $3,703 (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.