$919,800 - 94 Prospect Street, Newmarket
Detached for Sale in Newmarket
New — Listed yesterday- MLS Number
- N13448954
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Newmarket
- Lot Size
- 9,580 sqft
- Listing Brokerage
- CENTURY 21 MYPRO REALTY
Welcome to 94 Prospect St -A Turnkey Home on a 110-Foot Lot in One of Newmarket's Most Desirable Neighbourhoods. An Ideal Blend Of Business Potential And Family Living. Recently Installed New A/C System. Thoughtfully updated with modern conveniences and timeless charm, this 3-bedroom home is the perfect blend of form and function.The bright and spacious main level features a bow window that fills the living room with natural light, upgraded Kitchen & Bathrooms, Along With A Separate Washer & Dryer. Incredible Flexibility W/ Separate Entrance To Finished Bsmt-Perfect For In-Law Suite! Full Kitchen, Its Own Laundry, And A Full Washroom - Perfect For Extended Family, Guests, Or Rental Income. This Property Offers Flexibility For Investors, Multi-Generational Families, Or Those Seeking A Home Business Setup (Zoning Permits Home-Based Business). Unbeatable Location Steps To Go Train Station, Fairy Lake, Trails, Rec Centre & Main St Shopping. A Must See For First-Time Buyers & Investors!
Estimate your monthly payments for this property
Estimated Payment
$4,719.05/mo
Includes CMHC insurance ($25,662)
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.
94 Prospect Street, Newmarket
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $836/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.
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.
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 $3,833 (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.