$559,000 - 115 Main Street Unit 28, Newmarket
Condo for Sale in Newmarket
Neighbourhood: Central Newmarket
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- MLS Number
- N13752240
- Property Type
- Condo
- Status
- active
- Days on Site
- 29
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Newmarket
- Taxes (2025)
- $2,434
- Maintenance Fees
- $916/mo
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- EXP REALTY
Tastefully updated, filled with natural light and set in one of central Newmarket's most connected neighbourhoods. The main floor offers a smart, open-concept living and dining area, a fully renovated kitchen, and a stylish powder room for guests. Upstairs, the bright primary bedroom features a semi-ensuite bath and a generous walk-through closet. The finished lower level adapts to whatever you need most, whether that is a home gym, an entertaining space or a quiet family retreat. Southlake Hospital and the Newmarket GO Station are minutes away, and Main Street is steps from your door with its shops, restaurants, walking and biking trails, and a community tennis court. A location that truly delivers. Improvements and inclusions: Water Filtration System in Kitchen (2023), Kitchen Renovations (2020), Flooring and Carpets(2020), California Shutters (2020), Hot Water Tank (2020 - Owned), Humidifier (2025 - Owned), Furnace (2025 - Rental), Water Softener (2025 - Rental), Air Conditioner (2025 - Rental).
Estimate your monthly payments for this property
Estimated Payment
$2,867.96/mo
Includes CMHC insurance ($15,596)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Central Newmarket
Central Newmarket is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Central Newmarket
- •Convenient location in Newmarket
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Central Newmarket offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
115 Main Street Unit 28, Newmarket
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $466/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 29 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $916/month fees should cover building insurance, common elements, and reserve contributions.
About Central Newmarket
I know Central Newmarket well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Newmarket properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.