1043 Lemar Road, Newmarket, ON
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Property Highlights
Welcome to this remarkable Backsplit 3 detached located in the coveted neighborhood of Gorham-College Manor. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $1,139,999 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 with 2 functional kitchens
- Premium 61 x 187.5 ft lot size
- Features a finished with walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Built-In Oven, In-Law Capability, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This exceptional investment opportunity, ideal for first-time buyers or investors, features a bright, open-concept layout with a modern kitchen equipped with stainless steel appliances and hardwood floors throughout. The home boasts an elegant oak staircase with wrought iron pickets, a renovated main bath, and a spacious 16' x 30' deck overlooking a large, private backyard with mature trees. With a separate side entrance and walk-out basement, it's perfect for creating an in-law suite or generating rental income. Ample storage space and parking for up to six cars add convenience. Located in the highly sought-after Gorham-College Manor community, the property offers easy access to schools, shopping, transit, Highway 404, and Newmarkets vibrant Main Street. Known for its family-friendly atmosphere, mature trees, parks, and growing rental demand, this neighborhood presents an ideal balance of lifestyle and investment potential.
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Built-In Oven, In-Law Capability, In-Law Suite
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1043 Lemar Road, Newmarket, ON L3Y 1S2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Newmarket, ON
For a property listed at $1,139,999 in Newmarket, the legal minimum down payment is $228,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $19,275 for this transaction. As this listing is in Newmarket (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $19,275.
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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.
