1038 Jacarandah Drive, Newmarket, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Huron Heights-Leslie Valley. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $6,250,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 140.33 x 354 ft lot size
Description
Power of Sale opportunity. Exceptional opportunity to acquire a residential development site in the heart of Newmarket. Draft plan approved for a 23-unit low-rise project (20 semi-detached and 3 detached homes) with 46,091 SF GFA. Can be converted to rentals using ARU Bylaws, with the potential for 51 units. Zoning By-law Amendment approved and Draft Plan of Subdivision approved subject to conditions. Situated within an established low-density neighbourhood with limited remaining development parcels. Ideally located just minutes to Newmarket GO, East Gwillimbury GO, and the Hwy 404/Davis Dr. interchange, offering excellent commuter access. For a limited time, Vendor is offering to cover Land Transfer Tax and provide a 70% VTB to qualified purchasers, including 0% interest in year one. Full address: 1038-1040 Jacarandah Drive.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1038 Jacarandah Drive, Newmarket, ON L3Y 3G8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Newmarket, ON
For a property listed at $6,250,000 in Newmarket, the legal minimum down payment is $1,250,000 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 $142,725 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 $142,725.
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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.