221 Prospect Street, Newmarket, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Central Newmarket. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $1,299,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 87.25 x 185 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available
- Notable attributes: Central Vacuum, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Location, Location, Location! Perfectly positioned on the slower-paced section of historic Prospect St, this home offers easy access in and out of the 9 car driveway while still enjoying one of Newmarket's most walkable locations. Just steps to picturesque Fairy Lake, vibrant Main Street, the Nokiidaa Trail, Riverwalk Commons, cafes, restaurants, boutique shopping, concerts, skating, farmers' markets, and year-round community events, you'll love leaving the car at home and embracing everything downtown Newmarket has to offer. Own a piece of Newmarket's history in this lovingly maintained home, where timeless character meets everyday comfort. Sunshine pours through oversized windows, highlighting the original hardwood floors and soaring 9-foot ceilings on the main level. The thoughtfully designed floor plan features a custom kitchen with a walkout to the backyard, making entertaining effortless, a formal dining room that opens to the living room with oversized pocket doors for more intimate gatherings, and a spacious, light-filled family room. Every window captures beautiful views of mature trees, lush gardens, and visiting songbirds, creating a sense of tranquility throughout. The generous room sizes and spacious bedrooms make the home feel both grand and welcoming. Outside, you'll find four charming porches-perfect for morning coffee, relaxing with a book, or enjoying the peaceful surroundings. The oversized lot is a private oasis featuring vibrant perennial gardens, a pear tree, mature trees for shade and privacy, and a cozy fire pit for evenings under the stars. A durable metal roof provides lasting peace of mind. This is more than just a beautiful home-it's an exceptional lifestyle in one of Newmarket's most sought-after locations, where small-town charm, nature, and community come together right outside your door.
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Property Summary
This detached home located at 221 Prospect Street, Newmarket is currently for sale and has been available on SousaSells for 12 days. This property is listed at $1,299,900 with an estimated mortgage of $4,327* per month. It has 3 beds, 2 bathrooms, and is 2000-2500 square feet. 221 Prospect Street, Newmarket is in the Central Newmarket neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Central Newmarket, Newmarket.
- •3 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Families, couples, or downsizers looking for a well-proportioned home in Newmarket.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Fenced Yard
- Hospital
- Lake/Pond
- Library
- Park
- Rec./Commun.Centre
Interior Features
- Central Vacuum
- Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 221 Prospect Street, Newmarket, ON
Q.What is the asking price for 221 Prospect Street, Newmarket, ON ?
The current listing price for 221 Prospect Street, Newmarket, ON in Central Newmarket, Newmarket is $1,299,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 2 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 221 Prospect Street, Newmarket, ON ?
221 Prospect Street, Newmarket, ON is a Detached (2-Storey) featuring a Unfinished basement.
Q.What key property features does 221 Prospect Street, Newmarket, ON offer?
Key property features include: Fenced Yard, Hospital, Lake/Pond, Library, Park, Rec./Commun.Centre.
Q.What interior features are included in this home?
Interior highlights include: Central Vacuum, Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 9.0 vehicles (None).
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 221 Prospect Street, Newmarket, ON L3Y 3T8
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 $1,299,900 in Newmarket, the legal minimum down payment is $259,980 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 $22,473 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 $22,473.
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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.