11 Main St (432/438 Davis) E, Newmarket, ON L3Y 3Y1

Central Newmarket, Newmarket, ON L3Y 3Y1

0 Beds
0 Baths
2 Garage
1,500 Sq Ft

Map

Listing courtesy of REMAX YOUR COMMUNITY REALTY MLS® N12046547

About this home

Hello Developers and Investors, excited to bring to your attention a very rare opportunity to own an assembly of lands located within the Urban Centres Secondary Plan. This plan identifies that the subject properties are within the Davis Drive Character Area, which permits a variety of uses including low to mid-rise residential, retail, office, live-work, places of entertainment, and post-secondary facilities. Building heights are permitted to range from 3 to 8 storeys, with densities of 1.5 to 2.0 FSI. Additionally, with bonusing, heights can be increased to 10 storeys.

Property details

Overview

Property Type: Multiplex
Style: Other
For: For Sale
Status: Extension
Size: 1,500 sqft

Interior

Bedrooms: 0
Bathrooms: 0
Kitchens: 0
Basement: Other

Building & Systems

Heating: Other (Other)
Cooling: Other
Exterior: Other
Foundation: Unknown
Roof: Unknown
Water: Municipal
Sewer: Sewer

Lot & Parking

Lot Size: 243 x 133 Feet
Parking: Detached garage

Financial

Property Taxes: $14,300 (2024)

Location

Neighbourhood: Central Newmarket
Cross Street: Davis and Main St.
Direction Faces: East

Listing

MLS® Number: N12046547
Days on Market: 570
Listed On: 2025-03-27
Possession: TBA
Listed By: REMAX YOUR COMMUNITY REALTY

Features

Interior

Other

Pool

None

Included: The units for sale consist of 3 properties located at 11, Main St. and 432/438 Davis dr. 11 Main St. are currently rented, with a rent roll available for review. Additionally, there are two vacant land parcels on Davis Drive available for sale . The properties are situated at a gateway location where art and distinctive urban design features are encouraged, and they are also within the Mobility Hub Area of the Transit Station.

Mortgage calculator

Estimated mortgage payment

$15,940 per month

Principal and interest: $15,940
Property tax: $1,192
Condo fees: $0
Estimated monthly cost: $17,132

Your mortgage

Mortgage amount: $2,880,000
Mortgage insurance: Not needed
Interest over 25 years: $1,902,006

Cash to close

Down payment: $720,000
Land transfer tax: $76,475
First-time buyer refund: $0
Sales tax on insurance (8%): $0
Total, before legal fees: $796,475

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

11 Main St (432/438 Davis) E, Newmarket, ON L3Y 3Y1 Central Newmarket, Newmarket, ON L3Y 3Y1

Open in Google Maps

$3,600,000 11 Main St (432/438 Davis) E, Newmarket, ON L3Y 3Y1

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