53 Wilstead Drive, Newmarket, ON
Central Newmarket, Newmarket · MLS® N13631744
About this home
In short
- Welcome To 53 Wilstead Dr., A Spacious 3+3 Bedroom Detached Bungalow In The Heart Of Newmarket, Offering Incredible Income Potential.
- The Main Floor Boasts 3 Bright Bedrooms, An Open-Concept Living And Dining Area And A Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove.
- The Lower Level Offers An Additional 3 Bedrooms, A Full, Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove, And A Common Front...
- Located In A Strategic Area Surrounded By Residential, Institutional, And Commercial Uses, This Property Offers Potential Future Redevelopment Opportunities, Subject...
- For Added Value, There Is Also Potential For A Third Income-Generating Suite In The Double Garage, Which Is Separately Heated With A Gas Heater, Features An...
Welcome To 53 Wilstead Dr., A Spacious 3+3 Bedroom Detached Bungalow In The Heart Of Newmarket, Offering Incredible Income Potential. Situated On A Large 62' Lot, This Home Features Two Separate Units, Making It Ideal For Multi-Generational Living Or Savvy Investors. The Main Floor Boasts 3 Bright Bedrooms, An Open-Concept Living And Dining Area And A Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove. The Lower Level Offers An Additional 3 Bedrooms, A Full, Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove, And A Common Front Entrance - Perfect For Rental Income Or An In-Law Suite. The Upstairs Unit Has The Potential To Generate Approximately $2,500/Month In Rental Income, While The Basement Unit Could Generate Approximately $2,000/Month, Providing Strong Cash Flow Opportunities For Investors. Located In A Strategic Area Surrounded By Residential, Institutional, And Commercial Uses, This Property Offers Potential Future Redevelopment Opportunities, Subject To Municipal Approvals And Buyer Due Diligence. For Added Value, There Is Also Potential For A Third Income-Generating Suite In The Double Garage, Which Is Separately Heated With A Gas Heater, Features An Approximate 10-Foot Ceiling Height, And Provides An Ideal Space For A Personal Workshop, Studio, Or Additional Workspace, Further Enhancing The Property's Investment Opportunities. Surrounded By Mature Trees And Offering Ample Parking Space, This Property Is Conveniently Located In A Top-Rated High School District, Walking Distance To Upper Canada Mall, Southlake Hospital, Rapid YRT Transit, Schools, GO Transit, And All Major Amenities. Vendor Take Back Financing May Be Available Through The Seller. Don't Miss Out On This Rare Opportunity - Book Your Showing Today!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13631744
- Bedrooms
- 3+3 (6 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 61.92 × 112.07 ft
- Cross streets
- https://maps.app.goo.gl/GrHDdQa4rBsu16y19
- Parking
- 2 garage · 7 parking (detached)
- Driveway
- Private
- Basement
- Apartment
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- None
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Rolled, Metal
- Sewer
- Sewer
- Property tax
- $4,966 / 2025
- Days on market
- 77
- Listing brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Rooms
hardwood floor · combined w/living · large window
hardwood floor · overlooks frontyard · closet
hardwood floor · combined w/dining · w/o to porch
Ceramic Floor
broadloom · closet
broadloom · closet
hardwood floor · overlooks frontyard · closet
broadloom · closet
ceramic floor · backsplash · renovated
hardwood floor · overlooks backyard · closet
Ceramic Floor
broadloom · fluorescent
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $820/sqft; this home lists at $983/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Central Newmarket, Newmarket, ON
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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.
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $708,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,915
- Property tax
- $414
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,328
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,175
- Estimated closing costs
- $14,175
Plus your down payment of $177,000. 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
- $234,879
- Principal paid down
- $86,505
- Interest paid
- $148,375
- Balance remaining
- $621,495
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 HERITAGE GROUP LTD.. MLS®/PropTx.