$399K · 1+1 bed Condo Apartment · Central Newmarket, Newmarket

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About this home

Positioned atop the building, this bright penthouse-level 1+1 bedroom, 1-bath condo enjoys sweeping western sunset views and an abundance of natural light throughout. Featuring engineered hardwood flooring throughout the living and dining area, the open-concept layout seamlessly extends to a private balcony - the perfect place to relax and unwind. The spacious kitchen is anchored by a breakfast bar that creates an effortless flow into the open-concept living and dining space. A versatile bonus…

Property details

MLS#

N13431326

Status

Buy Now

Beds

1+1

Baths

1 full, 0 half

Size

700-799

Style

Apartment

Type

Condo Apartment

Year built

—

Condo corp #: 869
Balcony: Open
Locker: Exclusive
Fees include: Water Included, Building Insurance Included, Common Elements Included, Parking Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Baseboard
Heating fuel: Electric
Cooling: Window Unit(s)
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Davis Drive/Lorne Ave
Basement: None
Stories: 10
Utilities: —
Laundry: Coin Operated
Interior: Carpet Free, Primary Bedroom - Main Floor, Storage Area Lockers
Parking features: —

Level	Room	Dimensions
Main	Living Room	3.6m × 6.5m
Main	Dining Room	3.6m × 6.5m
Main	Kitchen	2.6m × 3.64m
Main	Primary Bedroom	3.9m × 3.67m
Main	Other	1.45m × 255m

Level

Room

Dimensions

Main

Living Room

3.6m × 6.5m

Main

Dining Room

3.6m × 6.5m

Main

Kitchen

2.6m × 3.64m

Main

Primary Bedroom

3.9m × 3.67m

Main

Other

1.45m × 255m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $399,000✓ $1,792 tax✓ Electric✓ 700-799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,682/mo

incl. closing costs (yr 1)

Annual total

$44,183

year 1

Mortgage only

$1,514/mo

principal + interest

Beyond mortgage

$1,338/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$79,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$149/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~750 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

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%$3,990/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)$46/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,460

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)41% $18,164/yr

Property taxes14% $6,252/yr

Utilities6% $2,460/yr

Insurance & security4% $1,600/yr

Maintenance9% $3,990/yr

Condo fees15% $6,616/yr

Closing costs12% $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)	$18,164	$1,514/mo
Government & taxes
Property tax	$1,792	$149/mo
Land transfer tax(closing)	$4,460	$372/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,990	$333/mo
Condo fees
Condo / HOA fees	$6,616	$551/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	$44,183	$3,682/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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Annual costs