176 Cherrywood Drive, Newmarket, ON
Bristol-London, Newmarket · MLS® N13436112
About this home
In short
- Welcome to this beautifully renovated 3+3 bedroom, 4 bathroom semi-detached home, updated with building permits from the City of Newmarket and designed for modern living.
- Situated on a spacious 34 x 95 ft lot, this exceptional property features a separate entrance to a fully finished basement with ADU registration-perfect for extended...
- Enjoy high-quality finishes throughout, including: Tile Flooring 2026; Engineering hardwood floors (2026)Large new windows (2026)New sliding door (2026)New wood...
- Unbeatable Central Location: Steps to parks, schools, Tim Hortons, transit, and everyday amenities.
- Just minutes to GO Transit, Upper Canada Mall, library, Southlake Regional Health Centre, Main Street shops & restaurants, and the scenic Fairy Lake.
Welcome to this beautifully renovated 3+3 bedroom, 4 bathroom semi-detached home, updated with building permits from the City of Newmarket and designed for modern living. Situated on a spacious 34 x 95 ft lot, this exceptional property features a separate entrance to a fully finished basement with ADU registration-perfect for extended family living or potential rental income. could be rented around 4800-5000$ per month. Enjoy high-quality finishes throughout, including: Tile Flooring 2026; Engineering hardwood floors (2026)Large new windows (2026)New sliding door (2026)New wood stairs (front & back, 2026)Soffits (2026)Partial foundation waterproofing (2026)Brand-new appliances . Upgraded mechanics provide peace of mind: AC 2026, Gas furnace & thermostat (2024) Roof shingles (2023) 100 Amp electrical panel. Hot water tank rental (2026) - only $38/month + tax .Additional highlights 20K EXTENTED CONCRETE driveway DONE WITH CITY PERMIT and a thoughtfully designed layout ideal for families or investors. Unbeatable Central Location: Steps to parks, schools, Tim Hortons, transit, and everyday amenities. Just minutes to GO Transit, Upper Canada Mall, library, Southlake Regional Health Centre, Main Street shops & restaurants, and the scenic Fairy Lake. This turnkey home offers style, income potential, and convenience-all in one of Newmark's most desirable locations.
Key facts
- Property type
- Semi-Detached, Bungalow
- MLS®
- N13436112
- Bedrooms
- 3+3 (6 total)
- Bathrooms
- 4
- Size
- 700-1100 sq ft
- Lot
- 34 × 95 ft
- Cross streets
- Davis Drive and Longford Drive
- Parking
- 6 parking
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,709 / 2025
- Days on market
- 125
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Rooms
3 Pc Ensuite
4 Pc Bath
Tile Floor
4 Pc Ensuite
Hardwood Floor
Hardwood Floor
Listed at $868,000. Going by how homes in Bristol-London and the wider GTA have actually closed against their asking prices (about 96%, 6 local closings in 90 days), the likely sale price is near $836K, if it sells. A realistic range is $783K to $942K.
Independent value check: $785K. Without looking at the asking price, our model values the home itself about 10% below the ask (homes like it typically land between $736K and $823K).
Why $785K. The typical semi-detached home sold in Bristol-London over the past year went for about $685K (25 sales). What sets this one apart:
- ▲ Raises it3+3 bedrooms and 4 baths, against 3+2 and 2 typically.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Longer on the market than typical. 125 days on the market against about 36 for homes like it here, and asking 11% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $836K, from 6 recent closings in this pocket.
The market behind the math:
About 3.5 months of inventory: 7 semi-detached homes for sale in the area against 6 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $964/sqft against an area asking average of $818/sqft.
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 6 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $739K. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Bristol-London, so I widened the search to the surrounding area.
Based on 3 homes sold on this street over the past two years, plus 2 nearby in Bristol-London, from 50 closings in Bristol-London.
For sale
For sale
For sale
For sale
For sale
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For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market. Homes like this one have recently closed around $785K, which is where my estimate comes from.
Per square foot, these ask about $850/sqft; this home lists at $964/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for semi-detached homes in Newmarket: $844K in September 2026, up 1% from a year ago, on 89 closings in 10 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 | $821K | 10 |
| November 2025 | $874K | 6 |
| January 2026 | $742K | 6 |
| March 2026 | $854K | 8 |
| April 2026 | $868K | 13 |
| May 2026 | $743K | 8 |
| June 2026 | $786K | 12 |
| July 2026 | $827K | 10 |
| August 2026 | $848K | 8 |
| September 2026 | $844K | 8 |
Neighbourhood & location
Bristol-London, 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 $694,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,839
- Property tax
- $309
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,149
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,835
- Estimated closing costs
- $13,835
Plus your down payment of $173,600. 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
- $230,367
- Principal paid down
- $84,843
- Interest paid
- $145,525
- Balance remaining
- $609,557
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
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 18 whole-home leases in Bristol-London signed at a median of $2,251 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,446. 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 SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.