$1,298,800 - 863 Shadrach Drive, Newmarket
Detached for Sale in Newmarket
37 days on market- MLS Number
- N13117020
- Property Type
- Detached
- Status
- active
- Days on Site
- 37
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
This well maintained bungalow is situated on a premium, pie-shaped lot in a quiet neighbourhood just steps from St. Andrews Valley Golf Club. The property immediately impresses with its expansive, private backyard approx 97 feet across the back, perennial gardens and featuring an in-ground pool with a tranquil waterfall, perfect for summer entertaining. Significant mechanical updates provide total peace of mind, including a furnace replaced in 2020, central air in 2019, 2 new garage doors and openers in 2021. Recent pool enhancements gas heater 2020, pool pump 2023, and a winter cover 2024. The interior layout is designed for both function and elegance with 9 foot ceilings on the main floor, beginning with a formal separate dining room, convenient main-floor laundry with direct access to the garage. Moving deeper into the home, you'll discover a bright good size kitchen complete with a breakfast bar & separate eating area with a walk out to the backyard and overlooking the great room. This living space features soaring 12-foot vaulted ceilings and windows that overlook the private rear gardens and pool area. The home's versatility is further enhanced by a fully self-contained in-law suite in the basement, which includes a separate entrance and two additional bedrooms, a full kitchen with granite counters and a third bedroom, office or gym and a 3pc bath. This secondary living area is an ideal solution for multi-generational families or as a premium guest retreat. Combining a prime location near top-rated golf facilities with modern upgrades and a resort-like exterior, this home is a rare find in a fantastic community. A great opportunity for someone looking to downsize while still having space when the family comes to visit.
Estimate your monthly payments for this property
Estimated Payment
$5,745.03/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.
863 Shadrach 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
Fair Market Value
At $866/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 37 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 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 $5,412 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.