397 Park Avenue, Newmarket, ON

$1,699,999
MLS#:N12039629
5 beds
2 baths
2500-3000 sqft
3.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2 1/2 Storey"] detached located in the coveted neighborhood of Central Newmarket. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,699,999 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.

  • 5 Bedrooms and 2 Bathrooms
  • Generous living space spanning 2500-3000 sqft on a premium 59.5 x 80 ft lot
  • Features a ["unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater Owned, On Demand Water Heater
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Incredible Home With All The Character Of A Turn Of the Century Home Yet Updated With All The Modern Conveniences. On One Of The Most Sought After Streets In Historic Downtown Newmarket! Steps To The New Postmark Hotel, Restaurants, Fairy Lake And All Amenities. Perfection++. Fabulous Layout With 9Ft Ceilings on Main Level, Stunning Gourmet Kitchen & Bathrooms, Formal Dining Room, Great Room With Gas Fireplace and Bay Window. Electrical, Plumbing, Ductwork, Drywall Etc. All significantly Updated Appprox 10 Years Ago. Remarkable Vaulted 11+ Ft Accent Ceilings in Both Bathrooms and 4th Bedroom! Pot Lights Galore, Gorgeous Glass Pocket Drs, Heated Floors (where tile), Custom Crown Moldings. All The Options/Upgrades With No Expense Spared! Walkout on 2nd Floor to Rebuilt Duradeck Protected Deck ('15). Front Deck Replaced ('16), Rear Deck (Trex) and Pillars Rebuilt ('16) Perfection+. Character Of A Century With No Older Home Hassles. All The Options/Upgrades With No Expense Spared.

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Key Features

Bedrooms
5
Bathrooms
2
Kitchens
1
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 22, 2025
Sold price information is available to members only
Listed Date3/25/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size59.5 × 80 Feet
CountyYork
Annual Tax$6,378
Legal DescriptionPt Lot 16 & 17, Pl 31 As In R196459; Newmarket

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeDetached

Heating & Cooling

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

Features

Property Features

Greenbelt/Conservation, Hospital, Library, Place Of Worship, Public Transit, Rec./Commun.Centre

Community Features

Location

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397 Park Avenue, Newmarket, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Central Newmarket, Newmarket.

Verified Local Data
Population6,202,225
Median Age39.6 Yrs
Ownership65% Owners
Avg Area List Price$741,777

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

Stuart Scott
Public247 Lorne Avenue, Newmarket, Ontario, L3Y 4K5
7.9
Rogers
Public256 Rogers Road, Newmarket, Ontario, L3Y 1G6
7.8
Maple Leaf
Public155 Longford Drive, Newmarket, Ontario, L3Y 2Y7
5.3
Canadian Martyrs
Public170 London Road, Newmarket, Ontario, L3Y 6R5
6.6
Prince Charles
Public684 Srigley Street, Newmarket, Ontario, L3Y 1W9
4.7

Secondary Schools

Sir William Mulock
Public705 Columbus Way, Newmarket, Ontario, L3X 2M7
6.6
Huron Heights
Public40 Huron Heights Drive, Newmarket, Ontario, L3Y 3J9
6.1
Dr John M Denison
Public135 Bristol Road, Newmarket, Ontario, L3Y 8J7
5.6
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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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 397 Park Avenue, Newmarket, ON L3Y 1V7

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.

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Financial Audit

Estimated Costs

Loan Amount$1,359,999.2
Monthly Mortgage$7,902
Property Tax (Est.)$532
Utilities & Maint.$350
Total Monthly Cost$8,784

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.

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.