$730K · 1+1 bed Condo Apartment · Central Newmarket, Newmarket

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About this home

Welcome to Unit 310 at 543 Timothy Street -A truly turnkey stylish loft in the heart of Newmarket, offering modern living with urban flair. This bright and open-concept unit located on the sought after third floor features soaring ceilings, large windows, and an efficient layout perfect for professionals, downsizers or first-time buyers. The newer kitchen is beautifully updated with contemporary finishes, ample cabinetry, and generous quartz waterfall counter, ideal for cooking and entertaining…

Property details

MLS#

N13031564

Status

Conditionally Sold

Beds

1+1

Baths

1 full, 0 half

Size

800-899

Style

Loft

Type

Condo Apartment

Year built

—

View: Downtown, Park/Greenbelt

Building name: Office Specialty Lofts
Condo corp #: 1047
Balcony: None
Locker: Owned
Fees include: Heat Included, Water Included, Cable TV Included, Common Elements Included, Parking Included, Building Insurance Included, CAC Included, Hydro Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 2 total
Heating: Radiant
Heating fuel: Other
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Prospect/Timothy
Basement: Full
Stories: 3
Utilities: —
Laundry: In-Suite Laundry
Interior: Brick & Beam
Parking features: Underground

Level	Room	Dimensions
Main	Living Room	4.37m × 5.53m
Main	Dining Room	4.37m × 5.53m
Main	Kitchen	2.43m × 3.22m
Main	Primary Bedroom	2.97m × 4.28m
Main	Den	2.69m × 3.19m

Level

Room

Dimensions

Main

Living Room

4.37m × 5.53m

Main

Dining Room

4.37m × 5.53m

Main

Kitchen

2.43m × 3.22m

Main

Primary Bedroom

2.97m × 4.28m

Main

Den

2.69m × 3.19m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $729,900✓ $2,968 tax✓ Other✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$6,804/mo

incl. closing costs (yr 1)

Annual total

$81,642

year 1

Mortgage only

$2,769/mo

principal + interest

Beyond mortgage

$2,653/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$145,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$247/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 ft² · ON avg ~$75/mo · assumes gas heat

Other$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$7,299/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$114/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$11,073

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)41% $33,228/yr

Property taxes17% $14,041/yr

Utilities5% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance9% $7,299/yr

Condo fees20% $16,414/yr

Closing costs6% $5,100/yr

Mortgage is 41% of your true cost of ownership. The other 59% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$33,228	$2,769/mo
Government & taxes
Property tax	$2,968	$247/mo
Land transfer tax(closing)	$11,073	$923/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Other	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$7,299	$608/mo
Condo fees
Condo / HOA fees	$16,414	$1,368/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$81,642	$6,804/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 310

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Annual costs