406 Hewitt Circle, Newmarket, ON
Summerhill Estates, Newmarket · MLS® N12913216
About this home
In short
- Beautiful 4 bed, 4 bath family home with a functional layout.
- Hardwood and laminate flooring,granite countertops, and 9-ft ceilings on the main level.
- Walkout basement with second kitchen.
- Private backyard with saltwater inground pool.
- Conveniently located close to parks, schools andlocal amenities.
Beautiful 4 bed, 4 bath family home with a functional layout. Hardwood and laminate flooring,granite countertops, and 9-ft ceilings on the main level. Walkout basement with second kitchen.Private backyard with saltwater inground pool. Conveniently located close to parks, schools andlocal amenities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N12913216
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 31.99 × 127.95 ft
- Cross streets
- Bathurst/Mulock
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $6,839 / 2026
- Days on market
- 205
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
Laminate
laminate · double closet
laminate · open concept
laminate · large window
hardwood floor · pot lights
gas fireplace · hardwood floor
laminate · closet
w/o to pool · stainless steel appl
eat-in kitchen · w/o to pool
laminate · 4 pc ensuite
open concept · combined w/dining · hardwood floor
Listed at $1,439,000. Going by how homes in Summerhill Estates and the wider GTA have actually closed against their asking prices (about 98%, 14 local closings in 90 days), the likely sale price is near $1.40M, if it sells. A realistic range is $1.31M to $1.58M.
Independent value check: $1.19M. Without looking at the asking price, our model values the home itself about 18% below the ask (homes like it typically land between $1.11M and $1.24M).
Why $1.19M. The typical detached home sold in Summerhill Estates over the past year went for about $1.06M (49 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $6,839 a year; the typical home sold here pays about $5,900.
- ▲ Raises itIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,500 to 2,000.
Longer on the market than typical. 205 days on the market against about 31 for homes like it here, and asking 21% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.40M, from 14 recent closings in this pocket.
The market behind the math:
About 2.6 months of inventory: 12 detached homes for sale in the area against 14 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $640/sqft against an area asking average of $565/sqft.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 14 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.12M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Based on 14 comparable homes that sold in Summerhill Estates over the past two years, from 95 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $519/sqft; this home lists at $640/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Newmarket: $1.04M in September 2026, up 1% from a year ago, on 532 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Newmarket as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.08M | 46 |
| November 2025 | $1.05M | 34 |
| December 2025 | $1.10M | 29 |
| January 2026 | $1.03M | 27 |
| February 2026 | $1.08M | 31 |
| March 2026 | $1.10M | 41 |
| April 2026 | $1.08M | 51 |
| May 2026 | $1.16M | 66 |
| June 2026 | $1.13M | 60 |
| July 2026 | $1.06M | 54 |
| August 2026 | $1.09M | 55 |
| September 2026 | $1.04M | 38 |
Neighbourhood & location
Summerhill Estates, Newmarket, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Newmarket.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $1,151,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,365
- Property tax
- $570
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,935
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $25,255
- Estimated closing costs
- $25,255
Plus your down payment of $287,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $381,911
- Principal paid down
- $140,655
- Interest paid
- $241,256
- Balance remaining
- $1,010,545
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Summerhill Estates (9 of 79 recent detached leases were basement units, around $1,700 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,700 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 30 whole-home leases in Summerhill Estates signed at a median of $3,355 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,948. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.