$1,688,000 - 187 Glenway Circle, Newmarket
Detached for Sale in Newmarket
35 days on marketNeighbourhood: Glenway Estates
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- MLS Number
- N13736126
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Newmarket
- Taxes (2026)
- $6,884
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Welcome to this stunning 4+1 bedroom home, where modern updates, timeless comfort, and exceptional outdoor living come together beautifully. Situated on a private, meticulously landscaped lot backing onto greenspace with no homes behind, this property offers an incredible sense of peace, privacy, and tranquility.The backyard is truly a private oasis, featuring a sparkling pool, expansive composite deck with a covered seating area and quality shingled roof, all surrounded by a lush, mature cedar hedge. Perfect for relaxing, entertaining, and enjoying summer days with family and friends.Inside, you'll discover a beautifully updated home showcasing numerous quality renovations and thoughtful improvements throughout. The renovated kitchen features granite countertops, stainless-steel appliances, and a functional layout ideal for everyday living and entertaining. The spacious primary suite provides a peaceful retreat, complete with a gorgeous ensuite featuring a glass-enclosed shower, freestanding soaker tub, and private water closet.The fully finished basement with a separate entrance offers exceptional flexibility and additional living space. Designed with entertaining and functionality in mind, it features a spacious recreation room, custom bar, additional bedroom, workshop, and a large finished storage room. Potential rental income of up to $2,300/month adds even more versatility and value.With over 3,000 sq. ft. of total living space, this exceptional home provides generous room for the entire family. Enjoy the convenience of being within a short walk to the Newmarket Bus Terminal, offering YRT, VIVA, and GO Bus service, and just a 7-minute drive to the GO Train.A truly special home offering extensive updates, generous living space, a private backyard oasis, and a fantastic location. A rare opportunity to enjoy comfort, privacy, and convenience all in one exceptional property.
Estimate your monthly payments for this property
Estimated Payment
$7,466.59/mo
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 Glenway Estates
Glenway Estates 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 Glenway Estates
- •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
Glenway Estates 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.
187 Glenway Circle, 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 $563/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 35 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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 4 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.