255 Penn Avenue, Newmarket, ON
Property Highlights
Welcome to this remarkable Bungalow semi-detached located in the coveted neighborhood of Bristol-London. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,600 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available
- Notable attributes: Carpet Free, Primary Bedroom - Main Floor, Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via electric
Description
Welcome to this beautifully renovated legal 2-bedroom home available for lease! Each spacious bedroom features its own closet, offering ample storage and comfort. The home includes a modern 3-piece bathroom. Enjoy the bright open-concept layout, ideal for both everyday living and entertaining. Dedicated washer & Dryer. Additional highlights include one driveway parking spaces for your convenience. Located in a quiet, family-friendly neighbourhood, this home is close to all essential amenities such as shopping, dining, parks, and public transit. Nearby conveniences include Tim Hortons, Walmart, Costco, school, and Southlake Hospital, making daily errands and commuting effortless. A perfect place to call home-don't miss this opportunity! Tenant pays 1/3 of the utilities.
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Features
Property Features
Interior Features
Carpet Free, Primary Bedroom - Main Floor, Sump Pump
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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 255 Penn Avenue Basement, Newmarket, ON L3Y 2S4
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 $1,600 in Newmarket, the legal minimum down payment is $80 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 $8 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 $8.
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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.
