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$590K · 1 bed Condo Apartment · Central Newmarket, Newmarket | MyPropertyScout

$589,999

Unit 203

11OwnerOccupied

Map

$589,999

DOM22days

Unit 203

400 Park Avenue · Newmarket · Ontario L3Y 1V8

MLS® N13234218 · Central Newmarket · L3Y 1V8

11OwnerOccupied600-699 ft²Condo Apartment1-car Carport22d$908/ft²$3,495 tax/yr

22 days on market

About this home

Welcome To The King George School Lofts!*This Stunning 1 Bedroom Loft Offers South/West Views Just Steps to Historic Downtown Newmarket, You Truly Can't Beat The Location!*This Beautifully Designed Unit Showcases Soaring 12'8" Ceilings, Rich Hardwood Flooring, Oversized Windows And An Elegant Open-Concept Layout Filled With Natural Light Throughout*The Kitchen Is Thoughtfully Appointed With Quartz Countertops, A Freestanding Centre Island, And Full-Size Stainless Steel Appliances, Making It Idea…

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Property details

MLS#: N13234218
Status: Buy Now
Beds: 1
Baths: 1 full, 0 half
Size: 600-699
Style: Apartment
Type: Condo Apartment
Year built: —

Condo corp #: 1462
Balcony: None
Locker: None
Fees include: Common Elements Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Carport
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Park Ave & Victoria St
Basement: None
Stories: 2
Utilities: —
Laundry: Ensuite, Laundry Closet
Interior: Carpet Free, Primary Bedroom - Main Floor, Storage
Parking features: Covered, Private

Rooms

Level	Room	Dimensions
Main	Kitchen	3.38m × 3.48m
Main	Living Room	2.51m × 3.48m
Main	Bedroom	2.92m × 3.04m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX HALLMARK YORK GROUP REALTY LTD.

Source: TRREB/PROPTX · MLS® N13234218

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$590K

Unit 203 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $589,999✓ $3,495 tax✓ Gas✓ 600-699 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,282/mo

incl. closing costs (yr 1)

Annual total

$63,389

year 1

Mortgage only

$2,238/mo

principal + interest

Beyond mortgage

$1,896/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$118,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$291/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo

Gas$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%$5,900/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)$57/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$8,275

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)42% $26,859/yr

Property taxes19% $11,770/yr

Utilities6% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,900/yr

Condo fees13% $8,200/yr

Closing costs8% $5,100/yr

Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$26,859	$2,238/mo
Government & taxes
Property tax	$3,495	$291/mo
Land transfer tax(closing)	$8,275	$690/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,900	$492/mo
Condo fees
Condo / HOA fees	$8,200	$683/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	$63,389	$5,282/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 203

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs