$869,900 - 923 Caribou Valley Circle, Newmarket
Condo for Sale in Newmarket
47 days on market- MLS Number
- N13051086
- Property Type
- Condo
- Status
- active
- Days on Site
- 47
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Newmarket
- Locker
- None
- Exposure
- North South
- Balcony
- Open
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Bright end-unit townhouse with rare 3-car parking and a walk-out basement, offering space, flexibility, and low-maintenance living in a highly convenient location. This well-maintained home features 3 bedrooms plus a sitting area off the Primary Bedroom that can easily be converted into a 4th bedroom, nursery, or private retreat. With 2 full bathrooms and a main floor powder room, the layout is designed for both everyday living and functionality. The main living areas feel open and inviting, with a natural flow throughout, while the finished basement adds valuable additional space for a home office, recreation area, or future bedroom. Public transit is right at your doorstep, making commuting simple. Major exterior items including the roof, windows, eavestroughs, garage door, and lawn care are all taken care of, allowing for a low-maintenance lifestyle with reduced long-term upkeep. A well-cared-for home offering great space, practical features, and the opportunity to personalize over time.
Estimate your monthly payments for this property
Estimated Payment
$4,463.04/mo
Includes CMHC insurance ($24,270)
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.
923 Caribou Valley Circle, 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
Competitive Pricing
At $621/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.
Negotiation Opportunity
At 47 days on site, this property has exceeded the typical selling timeline for Newmarket. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
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 $3,625 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.