515 London Road, Newmarket

Price: $1,099,999

5 bedrooms, 4 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: N13813148

Welcome to 515 London Road, a lovingly maintained family home in a safe community, set on a lot that widens from over 60 ft at the front to more than 76 ft across the rear, giving you an unusually generous backyard. Just a short walk from Newmarket's historic downtown, the curb appeal starts with beautifully landscaped grounds, then builds with a new driveway, interlock & garage door (all 2026). A fence & shed, added in 2025, finish the yard. Inside, freshly painted rms (2026) & new blinds throughout (2026) feel bright & ready for your furniture. The kitchen has pot lights & updated tile (2022), & a main flr powder rm adds convenience. On cold nights, gather around the wood-burning fireplace, one of two in the home. Upstairs, the primary suite offers a walk-in closet & private ensuite renovated in 2026, the second-floor 4-pc bath was fully renovated in 2024. Windows were replaced in 2023, the laundry rm was updated in 2024, & a whole-home filtration system was installed in 2025. The finished lower level gives you real flexibility, w/ a second kitchen, an additional bedroom & a generous recreation room with its own wood-burning fireplace. It works well for multi-gen living, extended family, guests or a growing household. A man door to the garage adds everyday convenience. The location is a big part of the appeal. At the corner of London Road and Main Street North, you'll find a community garden and a local bus stop, and an on-request community bus service is also available. You can walk to Main Street's heritage storefronts, restaurants, coffee shops, boutiques, & the Saturday Farmers' Market. The Tom Taylor Trail, Fairy Lake's conservation area and Riverwalk Commons are all close by, with walking trails & year-round community events. Denne PS, Canadian Martyrs Catholic ES and Dr. John M. Denison SS are each within about 1km, & Newmarket GO & Southlake Regional Health Centre are nearby. This is a turnkey home on a generous lot in one of Newmarket's most loved pockets

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active

$1,099,999 - 515 London Road, Newmarket

Detached for Sale in Newmarket

Neighbourhood: Bristol-London

5Beds
4Baths
2,000 - 2,499Sq Ft
Detached

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Property Details
MLS Number
N13813148
Property Type
Detached
Status
active
Days on Site
15
Bedrooms
5
Bathrooms
4
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Newmarket
Taxes (2026)
$5,145
Listing Brokerage
EXP REALTY
Description

Welcome to 515 London Road, a lovingly maintained family home in a safe community, set on a lot that widens from over 60 ft at the front to more than 76 ft across the rear, giving you an unusually generous backyard. Just a short walk from Newmarket's historic downtown, the curb appeal starts with beautifully landscaped grounds, then builds with a new driveway, interlock & garage door (all 2026). A fence & shed, added in 2025, finish the yard. Inside, freshly painted rms (2026) & new blinds throughout (2026) feel bright & ready for your furniture. The kitchen has pot lights & updated tile (2022), & a main flr powder rm adds convenience. On cold nights, gather around the wood-burning fireplace, one of two in the home. Upstairs, the primary suite offers a walk-in closet & private ensuite renovated in 2026, the second-floor 4-pc bath was fully renovated in 2024. Windows were replaced in 2023, the laundry rm was updated in 2024, & a whole-home filtration system was installed in 2025. The finished lower level gives you real flexibility, w/ a second kitchen, an additional bedroom & a generous recreation room with its own wood-burning fireplace. It works well for multi-gen living, extended family, guests or a growing household. A man door to the garage adds everyday convenience. The location is a big part of the appeal. At the corner of London Road and Main Street North, you'll find a community garden and a local bus stop, and an on-request community bus service is also available. You can walk to Main Street's heritage storefronts, restaurants, coffee shops, boutiques, & the Saturday Farmers' Market. The Tom Taylor Trail, Fairy Lake's conservation area and Riverwalk Commons are all close by, with walking trails & year-round community events. Denne PS, Canadian Martyrs Catholic ES and Dr. John M. Denison SS are each within about 1km, & Newmarket GO & Southlake Regional Health Centre are nearby. This is a turnkey home on a generous lot in one of Newmarket's most loved pockets

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Estimated Payment

$4,865.67/mo

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5-yr fixed avg.

Principal: $879,999Interest: $579,701
Mortgage Amount$879,999
Total Interest$579,701
Est. Property Tax$779/mo
Total Cost$1,459,700

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)
2.9%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$779
Insurance (est.)-$229
Net Cash Flow+$2,692

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 $550/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 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.

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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