$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
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
Estimated mortgage payment
$9,737 per month
- Principal and interest
- $9,737
- Property tax
- $410
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $481,250
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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