276 Penn Avenue, Newmarket, ON
Property no longer active
This property was sold on November 4, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow semi-detached located in the coveted neighborhood of Bristol-London. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,000 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 32.5 x 95 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Accessory Apartment, Carpet Free, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover this beautifully renovated 3+1 bedroom home, complete with a fully legal basement apartment (ADU Registration No. 2016-0013)-registered with the Town of Newmarket. This exceptional property effortlessly combines modern comfort with incredible investment potential, making it a perfect fit for first-time buyers or savvy investors seeking strong rental income. Enjoy potential rental income of $4,600/month plus utilities (Main Floor: $2,900 and Basement Unit: $1,700). The bright, open-concept main floor features engineered hardwood flooring, pot lights throughout, and its own private laundry-offering both comfort and convenience. The modern kitchen boasts quartz countertops and backsplash, soft-close cabinetry, and a brand-new appliance set- designed for both style and functionality. The spacious legal basement unit includes a separate entrance, brand-new kitchen, private laundry, washroom, large living area, bedroom, and a den-ideal for rental income or extended family. Additional highlights include: Extended driveway with parking for up to 4 vehicles, Elegant sandstone Patio in the front yard, Backyard with a spacious deck and a custom-built 5' x 9.5' shed-perfect for storage or a creative workspace. Situated just steps from Upper Canada Mall, Newmarket GO Station, Tim Hortons, Costco, and Walmart, and only minutes to Highways 404 and 400. You'll also enjoy the vibrant shops, dining, and community charm of Main Street Newmarket. Don't miss this opportunity to own a stylish, versatile home in one of Newmarket's most sought-after neighborhoods!
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Property Summary
This detached home located at 276 Penn Avenue, Newmarket is currently for sale and has been available on SousaSells for 414 days. This property is listed at $899,000 with an estimated mortgage of $2,992* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 276 Penn Avenue, Newmarket is in the Bristol-London neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Bristol-London, Newmarket.
- •4 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •700-1100 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Bristol-London, Newmarket.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Accessory Apartment
- Carpet Free
- In-Law Suite
- Primary Bedroom - Main Floor
- Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 276 Penn Avenue, Newmarket, ON
Q.What is the asking price for 276 Penn Avenue, Newmarket, ON ?
The current listing price for 276 Penn Avenue, Newmarket, ON in Bristol-London, Newmarket is $899,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 2 bathrooms across approximately 700-1100 sqft.
Q.What property type and architectural style is 276 Penn Avenue, Newmarket, ON ?
276 Penn Avenue, Newmarket, ON is a Semi-Detached (Bungalow) featuring a Finished, Separate Entrance basement.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, Carpet Free, In-Law Suite, Primary Bedroom - Main Floor, Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 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 276 Penn Avenue, Newmarket, ON L3Y 2S6
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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 $899,000 in Newmarket, the legal minimum down payment is $64,900 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 $14,455 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 $14,455.
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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.