506 Rita's Avenue, Newmarket, ON
Property no longer active
This property was sold on March 14, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Summerhill Estates. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $1,349,900 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 4 Bathrooms with 2 functional kitchens
- Premium 29.76 x 115.97 ft lot size
- Features a separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Accessory Apartment, Auto Garage Door Remote, Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this spectacular rare gem in Summerhill Estates, Newmarket! This IMMACULATE 7-year-old 4+1 bedroom detached home boasts extensive top-to-bottom upgrades and is turn-key and move-in ready, offering a perfect blend of luxury and functionality. The professionally finished basement apartment features a kitchen, 3-piece bath, living area with large windows, and a separate side entrance with interlock walkway, making it ideal for an income property or extended family. Enjoy the expanded interlocking driveway, upgraded main floor kitchen with high-end KitchenAid black stainless steel appliances, quartz countertops, and a stylish backsplash, as well as pristine hardwood floors, dimmable pot lights, and 9-foot smooth ceilings. The primary bedroom retreat includes power retractable vertical blinds, a power blackout shade, a 4-piece ensuite, and a spacious walk-in closet, while the second-floor bedrooms feature Hunter Douglas vertical blinds with blackout shades. Step outside to a large cedar deck with a hard-top pergola and retractable see-thru panels, a fully fenced backyard, and a landscaped front yard. Additional features include a Google Nest Thermostat, whole-home air ventilation, humidifier, water softener, and drinking water filtration system. Located minutes from Upper Canada Mall, GoodLife Fitness, Downtown Newmarket, Metro, schools (Crossland Public School & Sir William Mulock H.S.), Highway 404, YRT Bus, and the GO Train, this home is the epitome of modern living in a prime locationdont miss out!
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Property Summary
This detached home located at 506 Rita's Avenue, Newmarket is currently for sale and has been available on SousaSells for 525 days. This property is listed at $1,349,900 with an estimated mortgage of $4,493* per month. It has 5 beds, 4 bathrooms, and is unknown square feet. 506 Rita's Avenue, Newmarket is in the Summerhill Estates neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Summerhill Estates, Newmarket.
- •5 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •Desirable Detached architecture in Summerhill Estates, Newmarket
Growing families needing multi-bedroom flexibility and space in Summerhill Estates, Newmarket.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Accessory Apartment
- Auto Garage Door Remote
- Carpet Free
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 506 Rita's Avenue, Newmarket, ON
Q.What is the asking price for 506 Rita's Avenue, Newmarket, ON ?
The current listing price for 506 Rita's Avenue, Newmarket, ON in Summerhill Estates, Newmarket is $1,349,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 4 bathrooms.
Q.What property type and architectural style is 506 Rita's Avenue, Newmarket, ON ?
506 Rita's Avenue, Newmarket, ON is a Detached (2-Storey) featuring a Separate Entrance, Apartment basement.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, Auto Garage Door Remote, Carpet Free.
Q.Is parking available at this property?
Yes, this property offers parking space for 5.0 vehicles (Built-In).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
Virtual Tour & 3D Walkthrough
Location
Google Street View
Open in Google MapsProperty History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 506 Rita's Avenue, Newmarket, ON L3X 2E8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Newmarket.
Configure Loan Settings
About Purchasing a Home in Newmarket, ON
For a property listed at $1,349,900 in Newmarket, the legal minimum down payment is $269,980 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 $23,473 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 $23,473.
Similar Listings in Summerhill Estates, Newmarket
Explore all Just Listed Homes in Newmarket →
Summerhill Estates, Newmarket Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Summerhill Estates, Newmarket.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Best Schools in Summerhill Estates, Newmarket
Elementary Schools
Secondary Schools
Summerhill Estates, Newmarket Demographic Home information
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.