388 Eagle Street, Newmarket, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Central Newmarket. Expertly crafted featuring premium aluminum siding and stone 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 80.05 x 141.41 ft lot
- Features a apartment, separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Whether you're a builder, developer, investor, or simply looking for a beautifully renovated home to enjoy, this exceptional property offers incredible flexibility and long term value. Situated on a premium 80 x 140 ft lot in the heart of downtown Newmarket, this is a rare opportunity with endless possibilities. Move in ready and extensively renovated, this home is ideal as a primary residence, income property, or future redevelopment project. The property is much larger than it appears in the photos and offers outstanding potential for a wide range of buyers. Development opportunities include rebuilding with up to 35% lot coverage, adding an additional residential unit with up to 45% lot coverage, or constructing a garden suite (subject to municipal approvals). Adding even more value, the property is not located within the LSRCA regulated area, is not in an Environmental Protection (EP) zone, not within a floodplain, and not a heritage designated property. Previously owned by a builder, the home underwent a comprehensive renovation approximately 3-4 years ago and has been meticulously maintained. Features include wide plank hardwood flooring, stone countertops, stainless steel appliances, two beautifully updated bathrooms, a durable metal roof, furnace (2023), and central air conditioning (2023). The finished basement has a separate side entrance and offers excellent in law or income potential, complete with its own kitchen, spacious living area, bedroom, office, four piece bathroom, and dedicated laundry room.Outside, you'll find a detached garage, an oversized driveway with ample parking, and a property that combines immediate enjoyment with outstanding future potential. Whether you're looking to move in, generate rental income, or capitalize on future development opportunities, this is a property that truly offers it all.
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Property Summary
This detached home located at 388 Eagle Street, Newmarket is currently for sale and has been available on SousaSells for 17 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. 388 Eagle 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 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Central Newmarket, 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 Central Newmarket, Newmarket.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Fenced Yard
- Hospital
- Lake/Pond
- Library
- Park
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 388 Eagle Street, Newmarket, ON
Q.What is the asking price for 388 Eagle Street, Newmarket, ON ?
The current listing price for 388 Eagle Street, Newmarket, ON in Central Newmarket, 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 388 Eagle Street, Newmarket, ON ?
388 Eagle Street, Newmarket, ON is a Detached (Bungalow) featuring a Apartment, Separate Entrance, Finished basement.
Q.What key property features does 388 Eagle Street, Newmarket, ON offer?
Key property features include: Fenced Yard, Hospital, Lake/Pond, Library, Park.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 5.0 vehicles (Detached).
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 388 Eagle Street, Newmarket, ON L3Y 1K4
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 $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.