515 London Road, Newmarket

Price: $1,039,900

5 bedrooms, 4 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: N13702136

Beautifully maintained multi-generational family home in one of Newmarket's sought-after neighbourhoods, known for its safe, family-friendly streets and convenient access to parks and schools. Offering over 3,000 sq. ft. of finished living space, this move-in ready home blends timeless character with thoughtful modern updates, creating the perfect space for growing families and those who love to entertain. The updated kitchen overlooks bright and spacious living areas, while the finished basement offers exceptional versatility with a second kitchen, an additional bedroom, and a generous recreation room, ideal for extended family, guests, or multi-generational living. Throughout the home you'll find renovated bathrooms, fresh paint, upgraded electrical, stylish pot lights, new energy-efficient windows that enhance comfort and natural light, and a recently installed owned Culligan whole-home water filtration system, providing clean, high-quality water. A recently replaced roof offers added peace of mind and long-term value, while the home's many capital improvements mean the major updates have already been completed for the next owner. The functional laundry room features custom cabinetry and a folding counter for added convenience. Outside, the curb appeal is undeniable with new garage doors, interlocking stone in the front and backyard, and a newly paved asphalt driveway. The private backyard is surrounded by mature trees and includes established fruit trees, creating a peaceful setting to relax, garden, or entertain. Perfectly located just minutes from Upper Canada Mall, Southlake Regional Health Centre, Historic Main Street Newmarket, Fairy Lake Park, the GO Train, Highway 404, top-rated schools, parks, and everyday amenities, this well-maintained home offers the perfect combination of space, location, and lasting value. An exceptional opportunity for buyers looking for a property where the costly updates have already been completed.

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New Listing
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$1,039,900 - 515 London Road, Newmarket

Detached for Sale in Newmarket

New — Listed 2 days ago

Neighbourhood: Bristol-London

5Beds
4Baths
2,000 - 2,499Sq Ft
Detached
Property Details
MLS Number
N13702136
Property Type
Detached
Status
active
Days on Site
2
Bedrooms
5
Bathrooms
4
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Newmarket
Listing Brokerage
TONY K REAL ESTATE
Description

Beautifully maintained multi-generational family home in one of Newmarket's sought-after neighbourhoods, known for its safe, family-friendly streets and convenient access to parks and schools. Offering over 3,000 sq. ft. of finished living space, this move-in ready home blends timeless character with thoughtful modern updates, creating the perfect space for growing families and those who love to entertain. The updated kitchen overlooks bright and spacious living areas, while the finished basement offers exceptional versatility with a second kitchen, an additional bedroom, and a generous recreation room, ideal for extended family, guests, or multi-generational living. Throughout the home you'll find renovated bathrooms, fresh paint, upgraded electrical, stylish pot lights, new energy-efficient windows that enhance comfort and natural light, and a recently installed owned Culligan whole-home water filtration system, providing clean, high-quality water. A recently replaced roof offers added peace of mind and long-term value, while the home's many capital improvements mean the major updates have already been completed for the next owner. The functional laundry room features custom cabinetry and a folding counter for added convenience. Outside, the curb appeal is undeniable with new garage doors, interlocking stone in the front and backyard, and a newly paved asphalt driveway. The private backyard is surrounded by mature trees and includes established fruit trees, creating a peaceful setting to relax, garden, or entertain. Perfectly located just minutes from Upper Canada Mall, Southlake Regional Health Centre, Historic Main Street Newmarket, Fairy Lake Park, the GO Train, Highway 404, top-rated schools, parks, and everyday amenities, this well-maintained home offers the perfect combination of space, location, and lasting value. An exceptional opportunity for buyers looking for a property where the costly updates have already been completed.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,599.83/mo

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5-yr fixed avg.

Principal: $831,920Interest: $548,029
Mortgage Amount$831,920
Total Interest$548,029
Est. Property Tax$737/mo
Total Cost$1,379,949

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.

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Neighbourhood Guide: Bristol-London

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

515 London Road, Newmarket

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,700/mo
Range: $3,145 - $4,255
Cap Rate (ROI)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$737
Insurance (est.)-$217
Net Cash Flow+$2,746

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $520/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Newmarket's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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.

About Bristol-London

I know Bristol-London 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.

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    515 London Road, Newmarket | $1,039,900 | Battaglia Team