184 Prospect Street, Newmarket, ON

$878,000
MLS#:N13575006
2 beds
2 baths
1100-1500 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Central Newmarket. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $878,000 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 50 x 115 ft lot
  • Features a unfinished, half basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Absolutely Stunning Solid Brick Fully Renovated Bungalow Situated On A Premium 50-Ft Frontage In Prime Central Newmarket. Rare Opportunity To Own A Beautifully Updated Detached Home Within Walking Distance To Southlake Regional Health Centre, Historic Main Street Shops & Restaurants, And The GO Train Station. This Exceptional Bungalow Offers Outstanding Value, Featuring Brand-New Laminate Flooring Throughout The Main Floor, Brand-New Appliances, 9-Ft Ceilings, And Elegant 8-Inch Baseboards. Situated On A Generous 50-Ft Lot With A Spacious Backyard Backing Onto Timothy Street Lofts. Ideal For First-Time Buyers, Downsizers, Investors, Or Professionals Seeking A Convenient Home Office (Buyer To Verify Permitted Uses). Enjoy The Perfect Combination Of Modern Upgrades, A Prime Location, And Excellent Investment Potential In The Heart Of Newmarket.

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Property Summary

This detached home located at 184 Prospect Street, Newmarket is currently for sale and has been available on SousaSells for 0 days. This property is listed at $878,000 with an estimated mortgage of $2,923* per month. It has 2 beds, 2 bathrooms, and is 1100-1500 square feet. 184 Prospect Street, Newmarket is in the Central Newmarket neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date7/17/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementUnfinished, Half
Lot Size50 × 115 Feet
CountyYork
Annual Tax$4,144.89
Legal DescriptionPT LT 2 W PROSPECT PL 85 NEWMARKET AS IN R738915 ; NEWMARKET

Parking & Garage

Parking Spaces4.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Carpet Free

Security Features

Community Features

Location

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184 Prospect Street, 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 184 Prospect Street, Newmarket, ON L3Y 3T6

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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Newmarket.

Configure Loan Settings

Interest Rate4.00%
Down Payment$263,400 (30.0%)
* Minimum Canadian down payment required for this price is $62,800.
Amortization Period30 Years
Estimated Monthly Payment$2,923Based on a loan of $614,600 over 30 years.
Purchase Price$878,000
Loan Amount$614,600
Provincial Land Transfer Tax:$14,035
Total Estimated Closing Taxes:$14,035

About Purchasing a Home in Newmarket, ON

For a property listed at $878,000 in Newmarket, the legal minimum down payment is $62,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $14,035 for this transaction. As this listing is in Newmarket (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $14,035.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,049,128

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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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.