347 Terry Drive, Newmarket, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Central Newmarket. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,000 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.
- 6 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 103.84 x 86.42 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: Sump Pump, Central Vacuum
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover the perfect blend of comfort, versatility, and investment potential with this unique two-in-one property legally registered with Town of Newmarket as Additional Dwelling Unit (ADU). Nestled on the premium corner lot, this spacious property features two separate homes, each offering its own private living space, kitchen, laundry, ideal for multi-generational families, rental income, or those seeking the benefits of a home and investment property in one. Main Residence: This beautifully fully updated 4-bedroom, 2-bathroom home boasts a modern open-concept layout, flooded with natural light. The spacious living room and dining area lead to a contemporary kitchen, complete with stainless steel appliances, granite countertops, and ample storage. A cozy family room offers a perfect retreat for relaxation, while the backyard features a private space, perfect for entertaining. Upstairs, you'll find generously-sized bedrooms. Engineering Harwood Floors on Main and Second Floors, Laminate in the basement. Second Home / Rental Suite: The detached 1+1 bedroom, 1 bathroom home offers complete privacy with its own entrance, modern kitchen, and open living space. Ideal for extended family, guests or generating additional rental income. With a full kitchen, living room, and a dedicated outdoor area, this second unit is fully self-contained and has been meticulously maintained. Don't miss this incredible opportunity! A Must See!
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Key Features
Additional Details
Property Details
Parking & Garage
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Features
Property Features
Hospital, Public Transit, Library, Park, School, Arts Centre
Interior Features
Sump Pump, Central Vacuum
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Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 347 Terry Drive, Newmarket, ON L3Y 5E6
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 $999,000 in Newmarket, the legal minimum down payment is $74,900 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 $16,455 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 $16,455.
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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.
