397 Park Avenue, Newmarket, ON
Property no longer active
This property was sold on April 22, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Central Newmarket. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,699,999 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.
- 5 Bedrooms and 2 Bathrooms
- Generous living space spanning 2500-3000 sqft on a premium 59.5 x 80 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Heater Owned, On Demand Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Incredible Home With All The Character Of A Turn Of the Century Home Yet Updated With All The Modern Conveniences. On One Of The Most Sought After Streets In Historic Downtown Newmarket! Steps To The New Postmark Hotel, Restaurants, Fairy Lake And All Amenities. Perfection++. Fabulous Layout With 9Ft Ceilings on Main Level, Stunning Gourmet Kitchen & Bathrooms, Formal Dining Room, Great Room With Gas Fireplace and Bay Window. Electrical, Plumbing, Ductwork, Drywall Etc. All significantly Updated Appprox 10 Years Ago. Remarkable Vaulted 11+ Ft Accent Ceilings in Both Bathrooms and 4th Bedroom! Pot Lights Galore, Gorgeous Glass Pocket Drs, Heated Floors (where tile), Custom Crown Moldings. All The Options/Upgrades With No Expense Spared! Walkout on 2nd Floor to Rebuilt Duradeck Protected Deck ('15). Front Deck Replaced ('16), Rear Deck (Trex) and Pillars Rebuilt ('16) Perfection+. Character Of A Century With No Older Home Hassles. All The Options/Upgrades With No Expense Spared.
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Property Summary
This detached home located at 397 Park Avenue, Newmarket is currently for sale and has been available on SousaSells for 499 days. This property is listed at $1,699,999 with an estimated mortgage of $5,659* per month. It has 5 beds, 2 bathrooms, and is 2500-3000 square feet. 397 Park Avenue, Newmarket is in the Central Newmarket neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Central Newmarket, Newmarket.
- •5 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •2500-3000 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
- Greenbelt/Conservation
- Hospital
- Library
- Place Of Worship
- Public Transit
- Rec./Commun.Centre
Interior Features
- Water Heater Owned
- On Demand Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 397 Park Avenue, Newmarket, ON
Q.What is the asking price for 397 Park Avenue, Newmarket, ON ?
The current listing price for 397 Park Avenue, Newmarket, ON in Central Newmarket, Newmarket is $1,699,999.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 2 bathrooms across approximately 2500-3000 sqft.
Q.What property type and architectural style is 397 Park Avenue, Newmarket, ON ?
397 Park Avenue, Newmarket, ON is a Detached (2 1/2 Storey) featuring a Unfinished basement.
Q.What key property features does 397 Park Avenue, Newmarket, ON offer?
Key property features include: Greenbelt/Conservation, Hospital, Library, Place Of Worship, Public Transit, Rec./Commun.Centre.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned, On Demand Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 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 397 Park Avenue, Newmarket, ON L3Y 1V7
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 $1,699,999 in Newmarket, the legal minimum down payment is $340,000 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 $30,475 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 $30,475.
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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.