294 Paxton Crescent, Newmarket, ON

$1,285,000
MLS#:N9365295
4 beds
3 baths
2000-2500 sqft
6.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Summerhill Estates. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,285,000 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 3 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 39.4 x 119.22 ft lot
  • Features a finished 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: Auto Garage Door Remote, Storage, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Absolutely Stunning Four Bedroom Family Home On Quiet, Tree-Lined Crescent In Sought-After Summerhill Estates*"Tribute Homes" Popular "Cornwall" Model Boasts Almost 2500 sq/ft Of Living Space Plus Finished Basement* Child Friendly Crescent Conveniently Located Close To Quality Schools, Expansive Trail System Leading To Downtown, Yonge Street Amenities, 400/404 Commuter Lanes, Magna Centre, etc* Just Steps To The New Mulock Park With It's Historic Homestead, Ice Skating/Trails, Outdoor Water Play Area, Gardens And Art Residency* Meticulously Maintained And Updated By Original Owners* Just Installed...Fresh White Gourmet Kitchen Boasting Quartz Counters, Pantry, Ceramic Backsplash, Coffee Bar, Glass Cabinets And Stainless Appliances/Hood Fan* Kitchen Conveniently Overlooks Lovely Family Room With Gas Fireplace With A View Of Private Rear Yard (No Homes Behind)* 9 Foot Ceilings Throughout Main Floor* Primary Bedroom Boasts 5 Piece Remodeled Ensuite Including Glass Shower, Soaker Tub, Walk-In Closet, Dual Sinks And Private Toilet* Larger Secondary Bedrooms Suited For Families Or Home Office Serviced By Updated Main Washroom With Glass Shower* Convenient Main Floor Laundry With Side Yard Door As Well As Direct Access To Double Car Garage* Professionally Finished Basement Offers More Living Space For Families With Massive Recreation Room And Tons Of Storage* Spectacular Landscaping (Front/Rear) Including Stone Patios And Walks, Decking With Maintenance Free Glass Railings, Solar Lighting, Camera Security, Natural Gas Firepit And BBQ Hookup, R/I Power* Newer Maintenance Free Garage Doors/Matching Trim* Updated Front Entry With Newer Door/Side Lights*Updated Vinyl Windows Throughout* Nothing To Do But Move In!

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Key Features

Bedrooms
4
Bathrooms
3
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 26, 2024
Sold price information is available to members only
Listed Date9/24/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size39.4 × 119.22 Feet
CountyYork
Annual Tax$6,048.25
Legal DescriptionPCL PLAN-1, SEC 65M3164 ; LT 40, PL 65M3164

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Cul de Sac/Dead End, Fenced Yard, Public Transit, Rec./Commun.Centre, School, Park

Interior Features

Auto Garage Door Remote, Storage, Central Vacuum, Water Heater Owned, Water Softener

Security Features

Community Features

Location

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294 Paxton Crescent, 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 294 Paxton Crescent, Newmarket, ON L3X 2C3

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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Mortgage & Affordability Audit

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

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Interest Rate5.25%
Down Payment$257,000 (20.0%)
* Minimum Canadian down payment required for this price is $257,000.
Amortization Period25 Years
Estimated Monthly Payment$6,126Based on a loan of $1,028,000 over 25 years.
Purchase Price$1,285,000
Loan Amount$1,028,000
Provincial Land Transfer Tax:$22,175
Total Estimated Closing Taxes:$22,175

About Purchasing a Home in Newmarket, ON

For a property listed at $1,285,000 in Newmarket, the legal minimum down payment is $257,000 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 $22,175 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 $22,175.

Nearby Listings

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,088,019

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

Terry Fox
Public161 Sawmill Valley Drive, Newmarket, Ontario, L3X 2T1
5.3
Clearmeadow
Public200 Clearmeadow Boulevard, Newmarket, Ontario, L3X 2E4
6.0
St John Chrysostom
Public800 Joe Persechini Drive, Newmarket, Ontario, L3X 2S6
6.5
St Nicholas
Public480 Keith Avenue, Newmarket, Ontario, L3X 1V5
6.9
Crossland
Public255 Brimson Drive, Newmarket, Ontario, L3X 1H8
6.2

Secondary Schools

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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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.