276 Penn Avenue, Newmarket, ON

$899,000
MLS#:N12229101
4 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] semi-detached located in the coveted neighborhood of Bristol-London. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 32.5 x 95 ft lot
  • Features a ["finished", "separate entrance"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Accessory Apartment, Carpet Free, In-Law Suite
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Discover this beautifully renovated 3+1 bedroom home, complete with a fully legal basement apartment (ADU Registration No. 2016-0013)-registered with the Town of Newmarket. This exceptional property effortlessly combines modern comfort with incredible investment potential, making it a perfect fit for first-time buyers or savvy investors seeking strong rental income. Enjoy potential rental income of $4,600/month plus utilities (Main Floor: $2,900 and Basement Unit: $1,700). The bright, open-concept main floor features engineered hardwood flooring, pot lights throughout, and its own private laundry-offering both comfort and convenience. The modern kitchen boasts quartz countertops and backsplash, soft-close cabinetry, and a brand-new appliance set- designed for both style and functionality. The spacious legal basement unit includes a separate entrance, brand-new kitchen, private laundry, washroom, large living area, bedroom, and a den-ideal for rental income or extended family. Additional highlights include: Extended driveway with parking for up to 4 vehicles, Elegant sandstone Patio in the front yard, Backyard with a spacious deck and a custom-built 5' x 9.5' shed-perfect for storage or a creative workspace. Situated just steps from Upper Canada Mall, Newmarket GO Station, Tim Hortons, Costco, and Walmart, and only minutes to Highways 404 and 400. You'll also enjoy the vibrant shops, dining, and community charm of Main Street Newmarket. Don't miss this opportunity to own a stylish, versatile home in one of Newmarket's most sought-after neighborhoods!

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 25, 2025
Sold price information is available to members only
Listed Date6/18/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
ConstructionBrick
Lot Size32.5 × 95 Feet
CountyYork
Annual Tax$4,313.5
Legal DescriptionPT LT 7 PL 516 EAST GWILLIMBURY AS IN R438583; S/T A25037A NEWMARKET TOWN OF NEWMARKET

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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276 Penn Avenue, Newmarket, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 276 Penn Avenue, Newmarket, ON L3Y 2S6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$719,200
Monthly Mortgage$4,179
Property Tax (Est.)$359
Utilities & Maint.$350
Total Monthly Cost$4,888

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Newmarket.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Bristol London, Newmarket.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$993,083

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Canadian Martyrs
Public170 London Road, Newmarket, Ontario, L3Y 6R5
6.6
Maple Leaf
Public155 Longford Drive, Newmarket, Ontario, L3Y 2Y7
5.3
Denne
Public330 Burford Street, Newmarket, Ontario, L3Y 6L1
5.0
Meadowbrook
Public233 Patterson Street, Newmarket, Ontario, L3Y 3L5
4.7
Stuart Scott
Public247 Lorne Avenue, Newmarket, Ontario, L3Y 4K5
7.9

Secondary Schools

Dr John M Denison
Public135 Bristol Road, Newmarket, Ontario, L3Y 8J7
5.6
Huron Heights
Public40 Huron Heights Drive, Newmarket, Ontario, L3Y 3J9
6.1
Sacred Heart
Public908 Lemar Road, Newmarket, Ontario, L3Y 1R9
7.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.