Re-listed 66 days ago

285 Lorne Ave, Newmarket, Ontario L3Y 4K6

Townhouse
4 + 1
2
~1500-2000 sqft
$•••,•••
$799,000
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Townhouse
4 + 1
2
~1500-2000 sqft

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Highlights

Property Estimate

Days on market66 days

Total days on market
124 days

Estimated valueNot available

Price/Sqft$466/sqft

Monthly cost

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CMA Subject Property

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+5

Properties sold*

$965K

Median sold price*

*Based on last 30 days

Description

Priced To Sell!!! Motivated Seller!!! A rare opportunity to own a fully renovated 4+1 freehold townhouse with no management fees! This spacious and well-lit home features a comfortable living and dining area, a thoughtfully designed layout that maximizes space, and brand-new kitchen cabinets. The property includes a separate walk-out basement apartment, providing an excellent opportunity for rental income or multi-generational living. With dual rental potential, this home offers a rare positive cash flow opportunity, generating over $4,000 rent per month. Recent upgrades include fresh paint, new laminate flooring, kitchen cabinets and updates to the furnace(2018), and insulation(2019), ensuring a worry-free move-in experience. The private driveway accommodates up to four vehicles, adding to the parking convenience. Located in a prime area just steps from Main Street and Fairy Lake, this home offers easy access to restaurants, shops, parks, top-rated schools, hospitals, and shopping centers. Don't miss out on this incredible investment and lifestyle opportunity. Move in and start enjoying everything this home has to offer!


Property Details

Style3-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size2,168 SqFt(92.38 x 23.47)
Parking Spaces4
MLS ®NumberN12183924
Community NameNeighborhood of Newmarket
Data SourceTRREB
Listing byHOMELIFE NEW WORLD REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Fin W/O, Sep Entrance

Main Floor

Dining

3.32 x 2.95

Laminate / Open Concept

Kitchen

3.02 x 2.26

Quartz Counter / Stainless Steel Appl / Breakfast Bar

Living

3.88 x 3.68

Laminate / W/O To Deck


Features

Lot size: 2,168 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
66 days on market
history photo preview49
Listing by trreb®

Market Data - Neighborhood of Newmarket

Geo Zone Map ThumbnailNeighborhood of Newmarket

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

29 days

Compared to

2024

15 days

2023

13 days

2022

7 days

New Listings

Past 30 days

29 listings

Compared to

2024

18 listings

2023

24 listings

2022

21 listings

Units sold

Past 30 days

13 units

Compared to

2024

5 units

2023

12 units

2022

4 units

Median Sold Price

Past 30 days

$890,000

Compared to

2024

$965,000

2023

$988,500

2022

$887,500


Population and Demographics

Overview

Total population 83920
Average household income $141,299

Age (%)

0 to 19
23%
20 to 34
18%
35 to 49
21%
50 to 64
23%
65 and plus
16%

Household composition (%)

Single family
75%
Single person
20%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
74%
Iranian Persian
5%
Mandarin
5%
Others
4%
Russian
3%
Yue (Cantonese)
3%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
75%
Renters
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget