353B Ontario Street, Newmarket, ON
Property no longer active
This property was sold on March 2, 2026. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Central Newmarket. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $499,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 45.97 x 145.58 ft lot size
Description
Attention Builders, Developers & Investors | Vacant Land | Two Severed Lots (353A & 353B Ontario St) | 91 x 145 Total Lot | **Priced to Sell**An exceptional turnkey infill opportunity in the heart of Central Newmarket. A premium 91-foot frontage parcel that has already been severed into two fully buildable lots - each approximately 45 x 145 - offering the ideal setting for custom homes or a boutique multi-unit residential project. Both lots come with Committee of Adjustment approval for three-storey, three-bedroom homes, streamlining the development process and eliminating months of planning uncertainty. With all municipal services available at the lot line, this site is ready for construction, reducing cost and time to build.353B Ontario Street is approved for approximately 3,650 sqft., featuring a 3-storey layout with 3 bedrooms and 4 bathrooms - a design perfectly aligned with the strong buyer demand for luxury urban infill homes in Newmarket. Located within walking distance to Fairy Lake, Southlake Regional Health Centre, Main Street shops, restaurants, schools, and public transit, this address offers unmatched lifestyle appeal and resale potential. Whether you're looking to build, sell, or hold as an income-producing asset, this property represents a rare, high-yield opportunity in one of Newmarkets most desirable, walkable neighbourhoods.
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Property Summary
This vacant land located at 353B Ontario Street, Newmarket is currently for sale and has been available on SousaSells for 302 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 353B Ontario Street, Newmarket is in the Central Newmarket neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Central Newmarket, Newmarket.
- •Desirable Vacant Land architecture in Central Newmarket, Newmarket
First-time home buyers, professionals, or investors seeking value.
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Frequently Asked Questions about 353B Ontario Street, Newmarket, ON
Q.What is the asking price for 353B Ontario Street, Newmarket, ON ?
The current listing price for 353B Ontario Street, Newmarket, ON in Central Newmarket, Newmarket is $499,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 0 bedrooms and 0 bathrooms.
Q.What property type and architectural style is 353B Ontario Street, Newmarket, ON ?
353B Ontario Street, Newmarket, ON is a Vacant Land () featuring a basement.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via .
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Pricing & Value Insights
Data-driven valuation for 353B Ontario Street, Newmarket, ON L3Y 2K2
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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 $499,000 in Newmarket, the legal minimum down payment is $24,950 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 $6,455 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 $6,455.
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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.