$749,000 - 169 Penn Avenue, Newmarket
Semi-Detached for Sale in Newmarket
Neighbourhood: Bristol-London
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- N13799914
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 20
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Newmarket
- Taxes (2025)
- $3,816
- Listing Brokerage
- HOMELIFE EAGLE REALTY INC.
Fantastic Investment Opportunity * 3+2 Bedroom * Legal Registered Basement * 1 Min Walk To Davis Drive & Transit * A Fantastic Opportunity For Investors, First-time Buyers & Extended Families * This bright & Charming Well-Maintained Bungalow Offers A Versatile Layout * Multiple Income Opportunities * The Main Floor Features 3 Spacious Bedrooms * Living Room W/ A Large Bay Window, Dining & A Well-Appointed Kitchen * Finished basement Offers 2 Separate Registered Units Each W/ Its Own Bedroom, Kitchen & Washroom * This Is An Outstanding Feature For Investors Looking To Generate Rental Income * Outside Enjoy A Private Backyard W/ Mature Trees & A Great Space For Relaxing & Entertaining * Location A Major Highlight W/ Walking Distance To Davis Drive & Public Transit & Conveniently Close To Schools, Parks, Grocery Stores, Shopping, Restaurants & Upper Canada Mall * Enjoy Easy Access To Major Roads, Main Street Newmarket & Fairy Lake Newmarket * Don't miss this unique investment opportunity!
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
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 Bristol-London
Bristol-London 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 Bristol-London
- •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
Bristol-London 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.
169 Penn Avenue, Newmarket
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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
Fair Market Value
At $1070/sqft, this property is priced in line with current Newmarket market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 20 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.
Detached Home Advantages
Detached homes in Newmarket are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Newmarket.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.