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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Central Newmarket. Expertly crafted featuring premium stone construction, this residence presents an exceptional opportunity offered at $3,998,000 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.
This exceptional custom-built luxury residence set on over an acre of private land is just minutes from downtown Newmarket.Finished in all-natural Quebec sandstone, this architectural home features a private triple driveway and rare four-car tandem garage with custom built-in storage. The grand foyer showcases marble and metal inlay flooring with soaring arched cathedral ceilings. Wide-plank white oak floors, bespoke millwork, and designer lighting flow throughout. The main level offers a heated mudroom with five custom coat closets and a private guest suite with walk-in closet and 4-piece ensuite. The chef's kitchen is designed for entertaining, featuring dual islands, quartz countertops, custom cabinetry with frosted glass accents, pantry and servery, and premium Thermador appliances including a six-burner range, dual wall ovens, and integrated fridge and freezer. Walk out to a covered loggia with ceiling fans and outdoor TV for year-round enjoyment. Upstairs includes a full laundry room and four spacious bedrooms, each with a walk-in closet and private ensuite. The primary retreat offers a private deck, custom walk-in closet, and spa-inspired ensuite with heated floors, steam dual rain shower, and soaker tub. The walk-out lower level features radiant heated floors, floor-to-ceiling windows, sauna, glass-enclosed gym, second kitchen and dining area, and access to a covered patio. Smart home features include Sonos speakers, motion lighting, central vacuum, dual-zone HVAC, hot water on demand, and steam humidifier.
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The current listing price for 197 Sherwood Place, Newmarket, ON in Central Newmarket, Newmarket is $3,998,000.
This property features 5 bedrooms and 7 bathrooms across approximately 5000 + sqft.
197 Sherwood Place, Newmarket, ON is a Detached (2-Storey) featuring a Finished with Walk-Out basement.
Key property features include: Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School.
Interior highlights include: Auto Garage Door Remote, Built-In Oven, Carpet Free, Central Vacuum, Countertop Range, Guest Accommodations, Sauna, Steam Room, Storage, Sump Pump, Water Treatment.
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Yes, this property offers parking space for 9.0 vehicles (Attached).
Heating is provided via Gas and cooling via Central Air.
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Data-driven valuation for 197 Sherwood Place, Newmarket, ON L3Y 8E5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Newmarket.
About Purchasing a Home in Newmarket, ON
For a property listed at $3,998,000 in Newmarket, the legal minimum down payment is $799,600 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 $86,425 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 $86,425.
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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.