198 Cherrywood Drive, Newmarket, ON

$2,000
MLS#:N13240488
3 beds
2 baths
700-1100 sqft
1.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["1 Storey/Apt"] semi-detached located in the coveted neighborhood of Bristol-London. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,000 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 34 x 95 ft lot
  • Features a ["separate entrance", "finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Beautiful newly renovated 3-bed, 1.5-bath basement apartment with separate entrance offers modern comfort, upscale finishes, and unbeatable convenience in one of the area's most desirable neighbourhoods in Newmarket. Hardwood flooring throughout, open-concept living space, and a designer kitchen featuring granite counter tops, stainless steel appliances, and ample cabinetry. Decent sized bedrooms, modern bathrooms. Perfect for families or professionals seeking style and space. Located in a prime, walkable area, you'll be just steps away from schools, South Lake hospital, Newmarket Go Station, public transit, grocery stores, restaurants, and everyday essentials. Enjoy the perfect blend of comfort, convenience, and modern living. Tenants are responsible for 50% of utilities payable to main floor tenant, comes with 1-car parking on the right side, tenant insurance required before occupancy. Appliances to be installed before occupancy**

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date6/4/2026
Transaction TypeFor Lease

Property Details

Property Sub-TypeSemi-Detached
ConstructionBrick
Lot Size34 × 95 Feet
CountyYork

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeNone

Heating & Cooling

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

Features

Property Features

Community Features

Location

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198 Cherrywood Drive, Newmarket, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Bristol London, Newmarket.

Verified Local Data
Population6,202,225
Median Age39.6 Yrs
Ownership65% Owners
Avg Area List Price$850,000

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

Stuart Scott
Public247 Lorne Avenue, Newmarket, Ontario, L3Y 4K5
7.9
Rogers
Public256 Rogers Road, Newmarket, Ontario, L3Y 1G6
7.8
Maple Leaf
Public155 Longford Drive, Newmarket, Ontario, L3Y 2Y7
5.3
Prince Charles
Public684 Srigley Street, Newmarket, Ontario, L3Y 1W9
4.7
Canadian Martyrs
Public170 London Road, Newmarket, Ontario, L3Y 6R5
6.6

Secondary Schools

Huron Heights
Public40 Huron Heights Drive, Newmarket, Ontario, L3Y 3J9
6.1
Sacred Heart
Public908 Lemar Road, Newmarket, Ontario, L3Y 1R9
7.2
Dr John M Denison
Public135 Bristol Road, Newmarket, Ontario, L3Y 8J7
5.6
Newmarket
Public505 Pickering Crescent, Newmarket, Ontario, L3Y 8H1
8.5
Sir William Mulock
Public705 Columbus Way, Newmarket, Ontario, L3X 2M7
6.6

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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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 198 Cherrywood Drive BSMT, Newmarket, ON L3Y 2X8

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.

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Financial Audit

Estimated Costs

Loan Amount$1,600
Monthly Mortgage$9
Property Tax (Est.)$0
Utilities & Maint.$350
Total Monthly Cost$359

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.

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.