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33 days on Market

285 Lorne Ave, Newmarket, Ontario L3Y 4K6

Townhouse
4 + 1
2
~1500-2000 sqft
$•••,•••
$880,000
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Townhouse
4 + 1
2
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$513/sqft

Est. Mortgage$3,779/mo

Tax Amount (2024)$3,289/yr

Days On Market33 days


Description

Motivated Seller!!! A rare opportunity to own a fully renovated 4+1 freehold townhouse with no management fees! This spacious and well-lit home features a comfortable living and dining area, a thoughtfully designed layout that maximizes space, and brand-new kitchen cabinets. The property includes a separate walk-out basement apartment, providing an excellent opportunity for rental income or multi-generational living. With dual rental potential, this home offers a rare positive cash flow opportunity, generating over $4,000 rent per month. Recent upgrades include fresh paint, new laminate flooring, kitchen cabinets and updates to the furnace(2018), and insulation(2019), ensuring a worry-free move-in experience. The private driveway accommodates up to four vehicles, adding to the parking convenience. Located in a prime area just steps from Main Street and Fairy Lake, this home offers easy access to restaurants, shops, parks, top-rated schools, hospitals, and shopping centers. Don't miss out on this incredible investment and lifestyle opportunity. Move in and start enjoying everything this home has to offer!


Property Details

Style3-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size2,168 SqFt(92.38 x 23.47)
Parking Spaces4
MLS ®NumberN12060695
Community NameNeighborhood of Newmarket
Data SourceTRREB
Listing byHOMELIFE NEW WORLD REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Fin W/O, Sep Entrance

Main Floor

Dining

3.32 x 2.95

Laminate / Open Concept

Kitchen

3.02 x 2.26

Quartz Counter / Stainless Steel Appl / Breakfast Bar

Living

3.88 x 3.68

Laminate / W/O To Deck


Features

Lot size: 2,168 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Apr 4, 2025
ListedActive
$880,000
33 days on market
history photo preview26
Listing by trreb®
Property listed by HOMELIFE NEW WORLD REALTY INC., Brokerage

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Market Data - Neighborhood of Newmarket

Geo Zone Map ThumbnailNeighborhood of Newmarket

Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

26 days

Compared to

2024

12 days

2023

16 days

2022

10 days

New Listings

Past 30 days

28 listings

Compared to

2024

20 listings

2023

14 listings

2022

31 listings

Units sold

Past 30 days

8 units

Compared to

2024

12 units

2023

13 units

2022

8 units

Median Sold Price

Past 30 days

$947,500

Compared to

2024

$982,500

2023

$1,021,000

2022

$1,125,000


Population and Demographics

Overview

Total population 83920
Average household income $141,299

Age (%)

0 to 19
23%
50 to 64
23%
35 to 49
21%
20 to 34
18%
65 and plus
16%

Household composition (%)

Single family
75%
Single person
20%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
74%
Iranian Persian
5%
Mandarin
5%
Others
4%
Russian
3%
Yue (Cantonese)
3%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
75%
Renters
25%

Schools and amenities

Estimated Budget