$3,600,000
Est. payment $15,940/moCalculate yours
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
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
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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