525 Binns Avenue, Newmarket, ON

$1,999,888
MLS#:N11922538
6 beds
4 baths
8.0 parking
Residential Freehold
525 Binns Avenue, Newmarket, ON L3X 1T8
⚠️

Property no longer active

This property was sold on January 22, 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 Glenway Estates. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,999,888 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.

  • 6 Bedrooms and 4 Bathrooms
  • Premium 62.99 x 141.83 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via electric

Description

Welcome to your dream home in the prestigious Glenway Estates! This expansive 3641 Sq.Ft. residence has been completely renovated, offering a perfect blend of modern luxury and comfort! Step into a state-of-the-art kitchen that will inspire your culinary creations, complemented by all new bathrooms that exude elegance and style. With hardwood flooring and granite throughout, every corner of this home speaks to quality and sophistication. Set on a premium lot, the backyard oasis features an inviting in-ground pool, perfect for relaxation and entertaining. Finished basement provides additional living space, ideal for a home theater, gym or recreational area. Don't miss this rare opportunity to own a beautiful renovated home in sought after community! Schedule your private view today!

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Property Summary

This detached home located at 525 Binns Avenue, Newmarket is currently for sale and has been available on SousaSells for 569 days. This property is listed at $1,999,888 with an estimated mortgage of $6,657* per month. It has 6 beds, 4 bathrooms, and is unknown square feet. 525 Binns Avenue, Newmarket is in the Glenway Estates neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 6 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Glenway Estates, Newmarket.

Highly Recommended for Families
What We Love About This Home
  • 6 spacious bedroom layout offering versatile living space
  • 4 well-appointed bathrooms
  • Desirable Detached architecture in Glenway Estates, Newmarket
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Glenway Estates, Newmarket.

Target Buyer Match

Key Features

Bedrooms
6
Bathrooms
4
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 22, 2025
Sold price information is available to members only
Listed Date1/14/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size62.99 × 141.83 Feet
CountyYork
Annual Tax$7,350
Legal DescriptionPCL 8-1 SEC 65M2746; LT 8 PL 65M2746; S/T LT606785 NEWMARKET

Parking & Garage

Parking Total8.0
Parking Space6
Garage TypeAttached

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • None

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 525 Binns Avenue, Newmarket, ON

Q.What is the asking price for 525 Binns Avenue, Newmarket, ON ?

The current listing price for 525 Binns Avenue, Newmarket, ON in Glenway Estates, Newmarket is $1,999,888.

Q.How many bedrooms and bathrooms does this property have?

This property features 6 bedrooms and 4 bathrooms.

Q.What property type and architectural style is 525 Binns Avenue, Newmarket, ON ?

525 Binns Avenue, Newmarket, ON is a Detached (2-Storey) featuring a Finished basement.

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 8.0 vehicles (Attached).

Q.What heating and cooling systems are installed?

Heating is provided via Electric and cooling via Central Air.

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525 Binns Avenue, Newmarket, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 525 Binns Avenue, Newmarket, ON L3X 1T8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Newmarket.

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Interest Rate4.00%
Down Payment$599,966 (30.0%)
* Minimum Canadian down payment required for this price is $399,978.
Amortization Period30 Years
Estimated Monthly Payment$6,657Based on a loan of $1,399,922 over 30 years.
Purchase Price$1,999,888
Loan Amount$1,399,922
Provincial Land Transfer Tax:$36,473
Total Estimated Closing Taxes:$36,473

About Purchasing a Home in Newmarket, ON

For a property listed at $1,999,888 in Newmarket, the legal minimum down payment is $399,978 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 $36,473 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 $36,473.

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Glenway Estates, Newmarket Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Glenway Estates, Newmarket.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,137,540

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in Glenway Estates, Newmarket

Elementary Schools

Crossland
Public255 Brimson Drive, Newmarket, Ontario, L3X 1H8
6.2
Alexander Muir
Public75 Ford Wilson Boulevard, Newmarket, Ontario, L3X 3G1
7.0
St Nicholas
Public480 Keith Avenue, Newmarket, Ontario, L3X 1V5
6.9
Clearmeadow
Public200 Clearmeadow Boulevard, Newmarket, Ontario, L3X 2E4
6.0
Rogers
Public256 Rogers Road, Newmarket, Ontario, L3Y 1G6
7.8

Secondary Schools

Sir William Mulock
Public705 Columbus Way, Newmarket, Ontario, L3X 2M7
6.6
Dr John M Denison
Public135 Bristol Road, Newmarket, Ontario, L3Y 8J7
5.6

Glenway Estates, Newmarket Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.