244 Main Street, Newmarket, ON

$1,999,900
MLS#:N13078602
0 beds
8 baths
Commercial
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Added:May 1, 2026(125 days ago)
Updated:May 4, 2026(122 days ago)
Last Checked:24 minutes ago

Property Highlights

Welcome to this remarkable commercial retail located in the coveted neighborhood of Central Newmarket. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,999,900 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.

  • 0 Bedrooms and 8 Bathrooms
  • Premium 42.9 x 169.6 ft lot size
  • Convenient public garage included
  • equipped with yes central cooling and highly efficient gas forced air closed heating

Description

One of the most remarkable and attention-commanding properties in Newmarkets Award-Winning Historic Downtown, this iconic former theatre (once The Roxy and then The Odeon) now offers over 9,000 sq. ft. of gross floor area with full spanning roof beams, no columns and endless possibilities. Currently operating as a fitness and training centre, it awaits its next chapter as the next defining anchor for Main Street. Located just steps from The Postmark Hotel York Regions boutique urban hotel, this property enjoys immediate adjacency to Newmarkets most dynamic hospitality offerings. It's also just minutes from Fairy Lake and the Tom Taylor Trails, ideal for patrons seeking lifestyle and recreation. Nearby, the newest Bar Locale restaurant has joined an established roster of restaurants, patios, independent boutiques, and cultural venues lining Main Streets heritage stretch. Main Street Newmarket itself is built along an ancient First Nations trade route and celebrated today as a vibrant corridor of history, commerce, and cultural life. The downtown area is protected under a Heritage Conservation District, ensuring historical character is preserved while supporting new investment. Zoned UC-D1, the building supports a broad range of permitted uses: commercial school, office, place of worship, restaurant, dinner theatre, micro-brewery, private club, spa, retail and more. With soaring 20 foot ceilings (17.5 clear) with historical character, this property is architecturally stunning and functionally flexible. Whether your vision is a boutique performance venue, destination dining, creative co-working, or experiential retail, this is Newmarkets succession statement building. Don't miss your chance to own one of Main Streets most storied properties and reimagine what comes next for downtown Newmarket!

Work with the SOUSA TEAM to unlock your . If we are unable to negotiate your purchase price below asking, we'll rebate you up to $10,000!*

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Property Summary

This commercial retail located at 244 Main Street, Newmarket is currently for sale and has been available on SousaSells for 125 days. This property is listed at $1,999,900 with an estimated mortgage of $6,657* per month. It has 0 beds, 8 bathrooms, and is unknown square feet. 244 Main Street, Newmarket is in the Central Newmarket neighborhood.

Work with the SOUSA TEAM to unlock your .

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Central Newmarket, Newmarket.

Great for Small Household / Couples
What We Love About This Home
  • •8 well-appointed bathrooms
  • •Desirable Commercial Retail architecture in Central Newmarket, Newmarket
Standout Features & Layout
Who Should Buy This Home?

First-time home buyers, professionals, or investors seeking value.

Target Buyer Match

Key Features

Bathrooms
8
Property Type
Commercial

Additional Details

StatusActive
AddedMay 1, 2026 (125 days ago)
UpdatedMay 4, 2026 (122 days ago)
Last Checked24 minutes ago
Transaction TypeFor Sale

Property Details

Property Sub-TypeCommercial Retail
Lot Size42.9 Ă— 169.6 Feet
CountyYork
Annual Tax$22,000
Legal DescriptionPT LT 73 & 74, PL 81, PTS 1 ** See Remarks

Parking & Garage

Garage TypePublic

Heating & Cooling

Heat TypeGas Forced Air Closed
CoolingYes

Features

Property Features

None listed

Interior Features

None listed

Security Features

  • No

Community Features

  • Public Transit
  • Recreation/Community Centre

Frequently Asked Questions about 244 Main Street, Newmarket, ON

Q.What is the asking price for 244 Main Street, Newmarket, ON ?

The current listing price for 244 Main Street, Newmarket, ON in Central Newmarket, Newmarket is $1,999,900.

Q.How many bedrooms and bathrooms does this property have?

This property features null bedrooms and 8 bathrooms.

Q.What property type and architectural style is 244 Main Street, Newmarket, ON ?

244 Main Street, Newmarket, ON is a Commercial Retail () featuring a basement.

Q.What neighborhood and community amenities are nearby?

Community features and nearby amenities include: Public Transit, Recreation/Community Centre.

Q.What security features are installed at 244 Main Street, Newmarket, ON ?

Security features include: No.

Q.What heating and cooling systems are installed?

Heating is provided via standard central heat and cooling via Yes.

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Location

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244 Main Street, Newmarket, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Central Newmarket, Newmarket

SAFETY RATING9.1 / 10
Low Incident Area
Total Annual Incidents68 incidents / yr
Average Per Month5.7 incidents / mo
Population Benchmark22,000 residents
Personal Safety
Very Low

24 assaults (109.1/100k)

Property Security
Low

13 B&E (59.1/100k)

Auto Theft Risk
Moderate

18 thefts (81.8/100k)

1-Year Trend
â–Ľ 4.2%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: York Regional Police (YRP) Open Data
Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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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 244 Main Street S, Newmarket, ON L3Y 3Z5

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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Newmarket.

Configure Loan Settings

Interest Rate4.00%
Down Payment$599,970 (30.0%)
* Minimum Canadian down payment required for this price is $399,980.
Amortization Period30 Years
Estimated Monthly Payment$6,657Based on a loan of $1,399,930 over 30 years.
Purchase Price$1,999,900
Loan Amount$1,399,930
Provincial Land Transfer Tax:$36,473
Total Estimated Closing Taxes:$36,473

About Purchasing a Home in Newmarket, ON

For a property listed at $1,999,900 in Newmarket, the legal minimum down payment is $399,980 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 $36,473 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 $36,473.

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Central Newmarket, Newmarket Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,152,701

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%

Best Schools in Central Newmarket, Newmarket

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
Canadian Martyrs
Public170 London Road, Newmarket, Ontario, L3Y 6R5
6.6
Prince Charles
Public684 Srigley Street, Newmarket, Ontario, L3Y 1W9
4.7

Secondary Schools

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

Central Newmarket, Newmarket Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

Need more details or a custom CMA?

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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.

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