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$888K · 4 bed Detached · Bristol-London, Newmarket | MyPropertyScout

$888,000

505 London Road

42TenantOccupied

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$888,000

DOM21days

505 London Road

Newmarket · Ontario L3Y 6E4

MLS® N13243004 · Bristol-London · L3Y 6E4

42TenantOccupied1500-2000 ft²Detached2-car Attached21d$507/ft²Lot 48.6 x 183.8 ft$5,394 tax/yr

21 days on market

About this home

Spacious detached 4-level backsplit on a deep 48.58 ft x 183.83 ft lot with 4 bedrooms and a functional family-friendly layout. Hardwood flooring runs through the living and dining rooms, family room, and bedrooms, with ceramic flooring in the kitchen and breakfast area. Open concept living/dining area. Spacious family room with gas fireplace and walkout to the backyard. Kitchen/breakfast area also features a walkout to the yard. Approx. 1,895 sq. ft. above grade, as per MPAC. Exceptional lot de…

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Property details

MLS#: N13243004
Status: Buy Now
Beds: 4
Baths: 2 full, 0 half
Size: 1500-2000
Style: Backsplit 4
Type: Detached
Year built: —

Roof: Asphalt Shingle
Foundation: Unknown

Fireplaces: 1
Fireplace features: Natural Gas, Family Room

Garage: 2-car Attached
Garage spaces: 2
Parking: 6 total
Lot: 48.58 × 183.82
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Pool: No
Waterfront: No
Exterior: Brick
Fronting on: North
Cross street: Main & London
Basement: Full
Stories: —
Utilities: —
Laundry: —
Interior: Carpet Free
Parking features: Private

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RIGHT AT HOME REALTY

Source: TRREB/PROPTX · MLS® N13243004

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$888K

505 London Road · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $888,000✓ $5,394 tax✓ Gas✓ 1500-2000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$6,680/mo

incl. closing costs (yr 1)

Annual total

$80,165

year 1

Mortgage only

$3,369/mo

principal + interest

Beyond mortgage

$1,667/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$177,600

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$450/mo

Utilities

Hydro / electricity$123/mo

≈ $0.07/ft² × ~1,750 ft² · ON avg ~$123/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%$8,880/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

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$14,235

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)50% $40,426/yr

Property taxes24% $19,629/yr

Utilities6% $4,530/yr

Insurance & security2% $1,600/yr

Maintenance11% $8,880/yr

Closing costs6% $5,100/yr

Mortgage is 50% of your true cost of ownership. The other 50% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$40,426	$3,369/mo
Government & taxes
Property tax	$5,394	$450/mo
Land transfer tax(closing)	$14,235	$1,186/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,470	$123/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$8,880	$740/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	$80,165	$6,680/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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505 London Road

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs