78 Main Street, Newmarket, ON
Property Highlights
Welcome to this remarkable office 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 $999,000 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 2 Bathrooms
- Premium 50 x 115.8 ft lot size
- Convenient other garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Turn of the (last) century beauty ideal for owner / user office space! Significantly upgraded and restored Great exposure and prestige location just steps to the downtown stores, restaurants, transit, Riverwalk Commons and the Go Train. Suits one or two units for income. Zoning is UC-D1 which permits many commercial / institutional / professional / education / retail / and residential uses. Located in the Historic Downtown Urban Centre Zone, but not listed or designated historic. Private driveway with parking for 8 cars plus ample free street parking. Stairwell to unfinished 3rd floor provides storage with the opportunity to finish with dormers for more office space. The basement has good height for storage and a back flow valve. The garage is heated and insulated.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 78 Main Street S, Newmarket, ON L3Y 3Y6
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 $999,000 in Newmarket, the legal minimum down payment is $74,900 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 $16,455 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 $16,455.
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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.