402 Carruthers Avenue, Newmarket, ON

$1,289,000
MLS#:N8396942
4 beds
3 baths
2000-2500 sqft
4.0 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This listing is no longer active (Sold)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 $1,289,000 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 30.35 x 116 ft lot
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to the epitome of suburban living in the coveted Summerhill Estates! After two decades, this fully renovated detached home is hitting the market, offering a rare opportunity for a new owner to call it home. Nestled against a lush forest and park, this property provides a serene backdrop and unparalleled privacy. Approaching the residence, you'll be captivated by its charming curb appeal accentuated by meticulous landscaping. Step inside to discover a spacious foyer leading to a bright and inviting living/dining area, bathed in natural light streaming through a large bay window, ideal for hosting memorable family gatherings. The heart of the home lies in the generously sized kitchen, boasting stainless steel appliances, custom backsplash, and luxurious Quartz countertops. Adjacent to the kitchen, a cozy family room awaits, complete with a brick gas fireplace, perfect for unwinding after a long day. Venture outside to your own personal oasis a completely private backyard with no neighbors behind, a tranquil retreat for relaxation or entertaining guests. Ascending to the upper level, you'll find the oversized primary bedroom, featuring a walk-in closet, an additional closet, and a luxurious 5-piece ensuite washroom. Two more sizable bedrooms offer comfort and space, with the option to easily accommodate a fourth bedroom to suit your needs. An additional 4-piece ensuite completes the upstairs level. Descend to the basement level, where a versatile recreation room awaits, ideal for an additional family room, entertainment space, or even a home office. An extra bedroom provides flexibility for guests or growing families.

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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 DateJune 13, 2024
Sold price information is available to members only
Listed Date6/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementPartially Finished
Lot Size30.35 × 116 Feet
CountyYork
Annual Tax$5,627.99
Legal DescriptionPCL 11-1 SEC 65M3008; LT 11 PL 65M3008;

Parking & Garage

Parking Spaces4.0
Garage Spaces3
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater

Security Features

Community Features

Location

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402 Carruthers Avenue, 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 402 Carruthers Avenue, Newmarket, ON L3X 2C1

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.

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Interest Rate5.25%
Down Payment$257,800 (20.0%)
* Minimum Canadian down payment required for this price is $257,800.
Amortization Period25 Years
Estimated Monthly Payment$6,145Based on a loan of $1,031,200 over 25 years.
Purchase Price$1,289,000
Loan Amount$1,031,200
Provincial Land Transfer Tax:$22,255
Total Estimated Closing Taxes:$22,255

About Purchasing a Home in Newmarket, ON

For a property listed at $1,289,000 in Newmarket, the legal minimum down payment is $257,800 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 $22,255 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 $22,255.

Nearby Listings

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No current listings found in Newmarket.

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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.