197 Sherwood Place, Newmarket, ON
Property no longer active
This property was sold on May 4, 2026. This listing is for reference purposes only. to view the sold price.
Property Highlights
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 $3,498,000 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.
- 5 Bedrooms and 7 Bathrooms with 2 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 91.68 x 296.23 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Auto Garage Door Remote, Built-In Oven, Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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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Property Summary
This detached home located at 197 Sherwood Place, Newmarket is currently for sale and has been available on SousaSells for 115 days. This property is listed at $3,498,000 with an estimated mortgage of $11,644* per month. It has 5 beds, 7 bathrooms, and is 5000 + square feet. 197 Sherwood Place, Newmarket is in the Central Newmarket neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 7 bathrooms, this home offers ample space and comfort for growing families in Central Newmarket, Newmarket.
- •5 spacious bedroom layout offering versatile living space
- •7 well-appointed bathrooms
- •5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Central Newmarket, Newmarket.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Library
- Park
- Place Of Worship
- Public Transit
- Rec./Commun.Centre
- School
Interior Features
- 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
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
Frequently Asked Questions about 197 Sherwood Place, Newmarket, ON
Q.What is the asking price for 197 Sherwood Place, Newmarket, ON ?
The current listing price for 197 Sherwood Place, Newmarket, ON in Central Newmarket, Newmarket is $3,498,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 7 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 197 Sherwood Place, Newmarket, ON ?
197 Sherwood Place, Newmarket, ON is a Detached (2-Storey) featuring a Finished with Walk-Out basement.
Q.What key property features does 197 Sherwood Place, Newmarket, ON offer?
Key property features include: Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School.
Q.What interior features are included in this home?
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.
Q.What security features are installed at 197 Sherwood Place, Newmarket, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 9.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
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.
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About Purchasing a Home in Newmarket, ON
For a property listed at $3,498,000 in Newmarket, the legal minimum down payment is $699,600 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 $73,925 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 $73,925.
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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.