315-185 Deerfield Road, Newmarket, ON
Central Newmarket, Newmarket · MLS® N13702458
About this home
In short
- Discover the 1 Bedroom + Den suite at Davis Condos in Newmarket.
- This open-concept layout features laminate flooring, large windows, and a versatile den perfect for a home office or extra bedroom.
- Plus, transportation is a breeze with Newmarket GO Station, VIVA Blue Line, and Highway 404 nearby.
Discover the 1 Bedroom + Den suite at Davis Condos in Newmarket! This open-concept layout features laminate flooring, large windows, and a versatile den perfect for a home office or extra bedroom. The modern kitchen boasts quartz countertops, a stylish backsplash, and top-tier appliances. Enjoy convenience with Upper Canada Mall, Costco, Walmart, and more just minutes away. Outdoor lovers will appreciate near by parks and trails like Mabel Davis Conservation Area and Fairy Lake Park. Plus, transportation is a breeze with Newmarket GO Station, VIVA Blue Line, and Highway 404 nearby. Building amenities include a fitness center, yoga/weight rooms, meeting room, kids play zone, entertainment room, outdoor terrace, and pet spa. This condo offers the perfect blend of comfort, style, and location!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13702458
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 1
- Size
- 500-599 sq ft
- Cross streets
- Yonge & Davis Dr
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $586/mo
- Exposure
- North
- Property tax
- $2,959 / 2026
- Days on market
- 59
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
laminate · closet · window
laminate · stainless steel appl · quartz counter
Laminate
laminate · open concept · w/o to balcony
laminate · open concept · combined w/kitchen
Listed at $445,000. Going by how homes in Central Newmarket and the wider GTA have actually closed against their asking prices (about 98%, 10 local closings in 90 days), the likely sale price is near $434K, if it sells. A realistic range is $409K to $469K.
Independent value check: $440K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $409K and $462K).
Why $440K. The typical condo sold in Central Newmarket over the past year went for about $513K (46 sales). What sets this one apart:
- ▼ Lowers it strongly1+1 bedrooms and 1 baths, against 2+1 and 2 typically.
- ▼ Lowers it stronglyIt is 500 to 599 sq ft; the typical home sold here is 1,000 to 1,199.
Total price vs nearby homes. Likely closing about $434K, from 10 recent closings in this pocket.
The market behind the math:
About 1.8 months of inventory: 6 condo apartment homes for sale in the area against 10 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $810/sqft against an area asking average of $785/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 and this building.
It never sees the asking price. The 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $396K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
Based on 24 homes sold in this building over the past two years, from 110 closings in Central Newmarket.
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 $826/sqft; this home lists at $810/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 condos in Newmarket: $663K in August 2026, up 5% from a year ago, on 41 closings in 7 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 |
|---|---|---|
| December 2025 | $525K | 5 |
| March 2026 | $494K | 7 |
| April 2026 | $490K | 7 |
| May 2026 | $572K | 5 |
| June 2026 | $468K | 5 |
| July 2026 | $466K | 6 |
| August 2026 | $663K | 6 |
Neighbourhood & location
Central Newmarket, Newmarket, ON
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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 20, 2026); conventional rates run a little higher.
Mortgage amount $356,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,968
- Property tax
- $247
- Condo / maintenance fees
- $586
- Heating
- $0
- Estimated monthly cost
- $2,801
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,375
- Estimated closing costs
- $5,375
Plus your down payment of $89,000. 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
- $118,103
- Principal paid down
- $43,497
- Interest paid
- $74,606
- Balance remaining
- $312,503
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 51 whole-home leases in Central Newmarket signed at a median of $2,279 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,065. 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 RE/MAX REALTRON REALTY INC.. MLS®/PropTx.