$2,899,000 - 193 Sherwood Place, Newmarket
Detached for Sale in Newmarket
Neighbourhood: Central Newmarket
- MLS Number
- N13475624
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- ROYAL LEPAGE RCR REALTY
Welcome to 193 Sherwood Place, an extraordinary residence nestled on one of Newmarket's most coveted streets. Just steps from the boutiques, restaurants, and charm of historic Main Street, this remarkable property offers a rare combination of walkable convenience and exceptional privacy, feeling worlds away from the bustle of everyday life. Meticulously maintained and thoughtfully curated throughout, the home showcases timeless design and superior craftsmanship. At its heart is a stunning custom Bloomsbury Fine Cabinetry kitchen, designed for both everyday living and elegant entertaining. The same level of quality continues throughout the home's beautifully appointed bathrooms and living spaces, where classic architectural details create a warm and sophisticated atmosphere. Set on a breathtaking property framed by rows of hydrangeas and mature trees, the outdoor setting rivals that of a luxury resort. Enjoy summer days beside the in-ground saltwater pool, or unwind in the spillover spa or private sauna, all surrounded by lush landscaping that provides beauty and privacy in equal measure. Adding exceptional versatility, the fully self-contained lower-level apartment features a separate entrance, full-sized kitchen, spacious living and dining areas, and two bedrooms, making it ideal for multigenerational living, extended family, guests, or income potential. A rare offering where timeless elegance, exceptional craftsmanship, and an unmatched location come together in one of Newmarket's most prestigious neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$12,823.25/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 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.
193 Sherwood Place, Newmarket
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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 $828/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 15 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 3,500 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 7 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 6 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.