$839,900 - 86 Coleridge Drive, Newmarket
Townhouse for Sale in Newmarket
New — Listed 3 days ago- MLS Number
- N13443824
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Stunning 3 Bedroom Freehold Townhome with Finished Walk-Out Basement! Welcome to 86 Coleridge Drive, a beautifully maintained 3 bedroom, 3 bathroom townhome nestled in Newmarket's highly sought-after Summerhill Estates. Featuring a bright, open-concept main floor layout with hardwood flooring and an effortless flow from the kitchen to the living area-perfect for family gatherings. The upper level boasts three generous bedrooms, including a large primary suite complete with a newly renovated private ensuite bath and walk-in closet space. This home comes fully updated with a 200-amp electrical panel, offering plenty of power and peace of mind for modern electronics, and includes a level 2 EV charger installed in the garage. One of the crown jewels of this property is the fully finished walk-out basement which is perfect for a work from home space, rec room, or a kids play room, offering a bright and versatile recreation room that steps directly into your fully fenced backyard. In the backyard, you'll find a multiple decks-perfect for summer BBQs, outdoor dining, and entertaining friends and family. Recently updated windows throughout - including front door & (2) rear doors (2024). Unbeatable location just steps from Yonge St shopping, dining, parks, transit (VIVA/GO), and top-rated schools. Ready to move in and enjoy!
Estimate your monthly payments for this property
Estimated Payment
$4,309.12/mo
Includes CMHC insurance ($23,433)
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.
86 Coleridge Drive, 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 $764/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Newmarket's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Newmarket have shown strong appreciation as families seek more space.
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 $3,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.