308 Prospect Street, Newmarket, ON
Property no longer active
This property was sold on September 9, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Central Newmarket. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,500,000 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.
- 11 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Premium 124.13 x 129.07 ft lot size
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter, Storage Area Lockers
- Efficient baseboard heating via electric
Description
Welcome To 308 Prospect St , Newmarket , Here's Your Chance To Unlock The Door To Prosperity: Rare 6-Plex Gem In Newmarket's Vibrant Core! Seize This Exceptional Opportunity To Invest In A Meticulously Maintained, All-Brick Building Featuring 5 Spacious 2-Bedroom Units, A Charming 1-Bedroom Bachelor , Separate Balconies , And Convenient Amenities Like Coin-Operated Laundry And Ample Parking. Steps From Fairy Lake, Historical Main Street, Hospital And Transit Hubs, This Prime Property Promises A Blend Of Steady Income And Robust Appreciation Potential. Act Now To Claim Your Slice Of Newmarket's Thriving Real Estate Market! A Must See !
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Property Summary
This multiplex located at 308 Prospect Street, Newmarket is currently for sale and has been available on SousaSells for 710 days. This property is listed at $2,500,000 with an estimated mortgage of $8,322* per month. It has 11 beds, 6 bathrooms, and is unknown square feet. 308 Prospect Street, Newmarket is in the Central Newmarket neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 11 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Central Newmarket, Newmarket.
- •11 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •Desirable Multiplex architecture in Central Newmarket, Newmarket
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
None listed
Interior Features
- Separate Heating Controls
- Separate Hydro Meter
- Storage Area Lockers
- Water Heater Owned
- Water Meter
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 308 Prospect Street, Newmarket, ON
Q.What is the asking price for 308 Prospect Street, Newmarket, ON ?
The current listing price for 308 Prospect Street, Newmarket, ON in Central Newmarket, Newmarket is $2,500,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 11 bedrooms and 6 bathrooms.
Q.What property type and architectural style is 308 Prospect Street, Newmarket, ON ?
308 Prospect Street, Newmarket, ON is a Multiplex (2-Storey) featuring a Apartment basement.
Q.What interior features are included in this home?
Interior highlights include: Separate Heating Controls, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter.
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 Electric and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 308 Prospect Street, Newmarket, ON L3Y 3V2
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 $2,500,000 in Newmarket, the legal minimum down payment is $500,000 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 $48,975 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 $48,975.
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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.