$659,000 - 292 Jeff Smith Court, Newmarket
Detached for Sale in Newmarket
Popular ListingNeighbourhood: Gorham-College Manor
- MLS Number
- N13667054
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
55+ COMMUNITY - LAND LEASE. Beautifully updated detached bungalow located in Leisure Valley, a LAND LEASE community designed for residents aged 55+ who value peaceful, low-maintenance living. Nestled on a quiet cul-de-sac, this move-in-ready home offers current monthly land lease, maintenance, and property tax reimbursement totaled just $1,006.83.Featuring 2+1 bedrooms, 1.5 bathrooms, convenient main floor laundry, and a fully finished basement,this home offers the comfort of one-level living with plenty of additional space for guests, hobbies, or a home office.Thoughtfully updated over the years, you'll appreciate the renovated kitchen, stunning main floor bathroom featuring heated floors and a walk-in shower, updated main floor flooring, newer windows and patio doors, high-efficiency furnace, heat pump, refreshed front landscaping, and a spacious composite rear deck. The finished basement provides additional living space, while the cozy electric fireplace creates the perfect place to relax.Step through the living room walkout onto the private composite deck-an ideal setting for morning coffee or entertaining family and friends.Leisure Valley offers a welcoming community atmosphere just minutes from shopping, restaurants,Southlake Regional Health Centre, parks, walking trails, transit, and Newmarket's vibrant Main Street.Lovingly maintained and extensively updated, this exceptional home is truly move-in ready and offers the perfect combination of comfort, convenience, and carefree living.(Fees include snow removal, grass cutting and exterior maintenance as per the Lease Agreement.)
Estimate your monthly payments for this property
Estimated Payment
$3,381.01/mo
Includes CMHC insurance ($18,386)
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 Gorham-College Manor
Gorham-College Manor 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 Gorham-College Manor
- •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
Gorham-College Manor 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.
292 Jeff Smith Court, 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 $941/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.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Gorham-College Manor
I know Gorham-College Manor 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 $2,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.