197 Cherrywood Drive, Newmarket, ON

$889,000
MLS#:N12304553
4 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Bristol-London. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $889,000 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.

  • 4 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 50 x 100 ft lot
  • Features a ["separate entrance"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: In-Law Suite, Primary Bedroom - Main Floor
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

This is your opportunity to own a solid detached home! WELCOME to 197 Cherrywood Drive, a charming raised brick bungalow nestled in one of Newmarkets most convenient neighbourhoods. This spacious 3-bedroom, 2-bathroom detached home sits on an extra-deep, private lot backing onto a school and green space offering peaceful views with no houses behind. Surrounded by mature trees and featuring a city-maintained walkway beside the property, this home provides both privacy and convenience. Inside, you'll find a bright and functional eat-in kitchen, generous living spaces, and a layout that offers excellent potential for a separate in-law or nanny suite with a back entrance. The covered back patio is perfect for relaxing or entertaining, while the large private driveway offers ample parking for multiple vehicles *bonus extra long carport canopy. This is a fantastic opportunity to move right in or invest in a property with great income potential. Located just minutes from Upper Canada Mall, the Newmarket GO Station, Tim Hortons, Costco, Walmart, and the boutique shops along Main Street, everything you need is close by. With quick access to both Highway 404 and 400, this home truly combines comfort, accessibility, and long-term value. Don't miss your chance to own this versatile and well-loved home in a prime Newmarket location.

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 17, 2025
Sold price information is available to members only
Listed Date7/24/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size50 × 100 Feet
CountyYork
Annual Tax$4,468.94
Legal DescriptionLT 55 PL 505 EAST GWILLIMBURY ; S/T A22447A NEWMARKET

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Fenced Yard

Community Features

Location

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197 Cherrywood Drive, Newmarket, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 197 Cherrywood Drive, Newmarket, ON L3Y 2X9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$711,200
Monthly Mortgage$4,132
Property Tax (Est.)$372
Utilities & Maint.$350
Total Monthly Cost$4,854

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Newmarket.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Bristol London, Newmarket.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$995,870

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Canadian Martyrs
Public170 London Road, Newmarket, Ontario, L3Y 6R5
6.6
Maple Leaf
Public155 Longford Drive, Newmarket, Ontario, L3Y 2Y7
5.3
Denne
Public330 Burford Street, Newmarket, Ontario, L3Y 6L1
5.0
Meadowbrook
Public233 Patterson Street, Newmarket, Ontario, L3Y 3L5
4.7
Stuart Scott
Public247 Lorne Avenue, Newmarket, Ontario, L3Y 4K5
7.9

Secondary Schools

Dr John M Denison
Public135 Bristol Road, Newmarket, Ontario, L3Y 8J7
5.6
Huron Heights
Public40 Huron Heights Drive, Newmarket, Ontario, L3Y 3J9
6.1
Sacred Heart
Public908 Lemar Road, Newmarket, Ontario, L3Y 1R9
7.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.