407-260 Davis Drive, Newmarket, ON

Central Newmarket, Newmarket · MLS® N13108148

$585,000
For Sale
Listed 163 days agoNo offer date statedSitting longer than typical
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3Bedrooms
1Bathrooms
1Garage · 2 parking
1000-1199Sq ft

About this home

In short

  • Visit REALTOR website for additional information.
  • Luxurious & carefree living in your own 3 bedroom (nearly 1100 sq ft) fully renovated unit with many upgrades.
  • NEW PORCELAIN TILE IN KITCHEN AND BATH JAN 2026.Open concept design with a spacious living room and a walkout to the covered balcony.
  • Two owned parking spots (1 underground and 1 above) .Lots of visitor parking.
  • Includes microwave, cabinetry in 4 pc bath, stainless steel appliances, custom light fixtures, California shutters, in-suite storage, built-in living room wall unit.

Visit REALTOR website for additional information. Welcome to Grandview Condominiums! Luxurious & carefree living in your own 3 bedroom (nearly 1100 sq ft) fully renovated unit with many upgrades. Fabulous central Newmarket location close to all amenities. Don't miss this rarely offered 3 bedroom condo apartment with a brand new high end kitchen. NEW PORCELAIN TILE IN KITCHEN AND BATH JAN 2026.Open concept design with a spacious living room and a walkout to the covered balcony. Two owned parking spots (1 underground and 1 above) .Lots of visitor parking. Location, location, location! Everything you could possibly want is either walking distance or minutes away including great shopping (Upper Canada Mall), restaurants, schools, parks, Hospital, Medical Clinics, rec facilities, public transit and so much more. This immaculate condo apartment will surely impress. All laminate and ceramic tile flooring. Quartz counters and tile backsplash in the kitchen. Fireplace in primary bedroom. Includes microwave, cabinetry in 4 pc bath, stainless steel appliances, custom light fixtures, California shutters, in-suite storage, built-in living room wall unit. Well maintained building with gym, party room with kitchen, bike storage, and storage locker. All freshly painted. This beautiful unit is an absolute must see!

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13108148
Bedrooms
3
Bathrooms
1
Size
1000-1199 sq ft
Cross streets
Yonge/Davis
Parking
1 garage · 2 parking (underground)
Basement
None
Heating
Baseboard
A/C
Window Unit(s)
Exterior
Brick
Maintenance
$756/mo
Exposure
South
Property tax
$2,122 / 2025
Days on market
163
Listing brokerage
PG DIRECT REALTY LTD.

Rooms

Bedroom 3Main3.00 × 2.70 m

laminate · mirrored closet

Living RoomMain6.30 × 3.60 m

w/o to balcony · laminate · large window

KitchenMain3.60 × 2.40 m

quartz counter · backsplash · porcelain floor

Bedroom 2Main4.10 × 2.70 m

laminate · mirrored closet

Primary BedroomMain4.20 × 3.60 m

laminate · large window · mirrored closet

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

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Neighbourhood & location

Central Newmarket, Newmarket, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$2,666/mo
$125KIncome needed
4.7×Price ÷ income
$615Weekly cost
$8,175Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

74%mortgage
Mortgage $2,666Property tax $177Condo fee $756Total carry $3,599

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,588per month

Mortgage amount $468,000 · 4.49% over 25 years

$117,000Down payment (20.0%)
$468,000Loan before insurance
$0CMHC premium
$3,520Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,588
Property tax
$177
Condo / maintenance fees
$756
Heating
$0
Estimated monthly cost
$3,520

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$8,175
Estimated closing costs
$8,175

Plus your down payment of $117,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,132/monthPayment at the qualifying rate

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

$308,296Total interest paid
$776,296Total of all payments
Principal $468,000 Interest $308,296
YearPrincipalInterestBalance
1$10,444$20,608$457,556
2$10,918$20,134$446,638
3$11,414$19,638$435,225
4$11,932$19,120$423,293
5$12,474$18,578$410,819
6$13,040$18,012$397,779
7$13,632$17,420$384,147
8$14,251$16,801$369,896
9$14,898$16,154$354,998
10$15,575$15,477$339,423
11$16,282$14,770$323,142
12$17,021$14,031$306,121
13$17,794$13,258$288,327
14$18,602$12,450$269,725
15$19,446$11,606$250,279
16$20,329$10,723$229,950
17$21,252$9,800$208,698
18$22,217$8,835$186,481
19$23,226$7,826$163,255
20$24,280$6,771$138,974
21$25,383$5,669$113,591
22$26,535$4,516$87,056
23$27,740$3,312$59,316
24$29,000$2,052$30,316
25$30,316$735$0

At the end of your 5-year term

Total paid over the term
$155,259
Principal paid down
$57,181
Interest paid
$98,078
Balance remaining
$410,819

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.

Let's connect

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

Rental yield
Estimate$3,400/mo
$40,800Gross annual rent
4.2%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

7.0%
Gross yield
− Property tax $2,122− Condo fees $9,067− Insurance $600− Vacancy & upkeep $4,488Net operating income $24,523

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of PG DIRECT REALTY LTD.. MLS®/PropTx.

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