Gurvinder Nokwal REALTOR®
For Sale Detached 12 days on market

$2,199,000

Est. payment $9,737/moCalculate yours

374 Penn Avenue, Newmarket, ON L3Y 2S9

Bristol-London, Newmarket, ON L3Y 2S9

  • 3 + 1 Beds
  • 3 Baths
  • 9 Garage
  • 1,100 Sq Ft
Map

Listing courtesy of REMAX YOUR COMMUNITY REALTY MLS® N13868110

About this home

***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

Overview

Property Type
Detached
Style
1 1/2 Storey
For
For Sale
Status
New
Size
1,100 sqft

Interior

Bedrooms
3 + 1
Bathrooms
3
Kitchens
2
Basement
Separate Entrance, Walk-Up

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Vinyl Siding
Foundation
Block
Roof
Asphalt Shingle
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
69.42 x 261.96 Feet
Parking
None garage · 9 total

Financial

Property Taxes
$4,920 (2026)

Location

Neighbourhood
Bristol-London
Cross Street
North Of Davis Dr, West Of Main St. N
Direction Faces
South

Listing

MLS® Number
N13868110
Days on Market
12
Listed On
2026-10-06
Possession
Flexible
Listed By
REMAX YOUR COMMUNITY REALTY

Features

Interior

  • Primary Bedroom - Main Floor

Pool

  • None
Included
All appliances, electric light fixtures and window coverings currently on the property and noy belonging to the basement floor tenant.
Excluded
Basement tenant's belongings.

Mortgage calculator

Minimum for this price: $439,800 (20%)

Amortization, years

Estimated mortgage payment

$9,737 per month

Principal and interest
$9,737
Property tax
$410
Estimated monthly cost
$10,147

Your mortgage

Mortgage amount
$1,759,200
Mortgage insurance
Not needed
Interest over 25 years
$1,161,809

Cash to close

Down payment
$439,800
Land transfer tax
$41,450
Total, before legal fees
$481,250
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

374 Penn Avenue, Newmarket, ON L3Y 2S9 Bristol-London, Newmarket, ON L3Y 2S9
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$2,199,000 374 Penn Avenue, Newmarket, ON L3Y 2S9
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