trreb/IMG-N13868110_8851d851-b5e9-43c3-9dfb-4448abde0cc2-l.jpg
1 day on Market

374 Penn Ave, Newmarket, Ontario L3Y 2S9

Detached
3 + 1
3
~1100-1500 sqft
$2,199,000
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Detached
3 + 1
3
~1100-1500 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$1,733/sqft

Monthly cost

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Description

***Development Opportunity*** In the Heart of Newmarket! Welcome to 374 Penn Dr, an exciting opportunity for builders, developers and investors looking for a property with outstanding future potential in a highly desirable location. Location is a key highlight-just a 5-minute walk to Newmarket's popular Main Street, offering an excellent selection of restaurants, cafes, shops and local amenities. Enjoy being approximately a 5-minute walk from the conservation area, scenic walking trails and dog park, as well as convenient access to trails, busses and South lake Regional Health Centre on Davis Drive, school, Upper Canada Mall, 5 minute walk to go station, and train ride is 25 minutes to Downtown Toronto. With this prime location, excellent accessibility and proximity to some of Newmarket's most sought-after amenities, this property presents an exceptional opportunity to invest, develop or hold for the future. Buyer and buyer's agent to conduct their own due diligence regarding zoning, permitted uses, development potential and municipal approvals. A rare opportunity in an outstanding Newmarket location!


Property Details

Style1 1/2 Storey
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size18,185 SqFt(261.96 x 69.42)
Parking Spaces9
MLS ®NumberN13868110
Community NameNeighborhood of Newmarket
Data SourceTRREB
Listing byREMAX YOUR COMMUNITY REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Sep Entrance, Walk-Up

Features

Lot size: 18,185 SqFt

Parking

Garage spaces 9

Garage type None

Other parking spaces 0

Total parking spaces 9


Property History

Oct 6, 2026
ListedActive
$2,199,000
1 day on market
history photo preview21
Listing by trreb®
Property listed by REMAX YOUR COMMUNITY REALTY, Brokerage
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Market Data - Neighborhood of Newmarket

Geo Zone Map ThumbnailNeighborhood of Newmarket

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

32 days

Compared to

2025

30 days

2024

32 days

2023

18 days

New Listings

Past 30 days

144 listings

Compared to

2025

149 listings

2024

131 listings

2023

120 listings

Units sold

Past 30 days

22 units

Compared to

2025

51 units

2024

51 units

2023

39 units

Median Sold Price

Past 30 days

$1,069,000

Compared to

2025

$1,060,000

2024

$1,240,000

2023

$1,150,000


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