16-520 Silken Laumann Drive, Newmarket, ON
Stonehaven-Wyndham, Newmarket · MLS® N13727716
About this home
Absolutely an exceptional opportunity for someone who desires a completely turn key- move in ready home that surrounds them in modern elegance and style. Enjoy almost 1700 sq feet of completely renovated one level living! This immaculate 2 bedroom plus den features coffered ceilings, kitchen with today's modern must haves, stunning primary suite with beautiful large windows, gorgeous porcelain floors and spa like ensuite with heated floors! Walk out directly to your private terraced yard that backs onto St Andrews golf course- sunny southern exposure. makes this an exceptional extension of your living space! Separate tandem garage offers parking for 2 cars and storage. Completely turnkey and move iin ready, with most furnishings included makes this an ideal opportunity for the those seeking effortless, sophisticated living! truly a one of a kind - one that must not be missed!
Key facts
- Property type
- Condo Townhouse, Stacked Townhouse
- MLS®
- N13727716
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1600-1799
- Cross streets
- Bayview/ Silken Laumann
- Parking
- 2 garage (detached)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $575/mo
- Exposure
- East West
- Property tax
- $4,283 / 2026
- Listing brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Rooms
porcelain floor · 4 pc ensuite · coffered ceiling(s)
Hardwood Floor
breakfast bar · stainless steel appl · ceramic floor
eat-in kitchen · ceramic floor
hardwood floor · south view · w/o to yard
hardwood floor · coffered ceiling(s)
Listed at $899,900, and my independent estimate is tracking about 12% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA.
Total price vs nearby homes. Fair value about $804K, median of 12 comparables.
The market behind the math:
Price per square foot: this home lists at $530/sqft against an area asking average of $554/sqft. Size and $/sqft both feed the estimate above.
- Ravine / green setting. This home is described as backing onto a ravine or green setting, a premium that comparable-sales math under-prices, so read the estimate as a floor.
How this estimate is builtthe short version
I take the 12 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $845K, a close match.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($530/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 12 comparable homes nearby.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market.
Per square foot, these ask about $508/sqft; this home lists at $530/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Stonehaven-Wyndham, 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 4.09% via Ratehub.ca (as of September 1, 2026); conventional rates run a little higher.
Mortgage amount $719,920 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,881
- Property tax
- $357
- Condo / maintenance fees
- $575
- Heating
- $0
- Estimated monthly cost
- $4,813
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,473
- Estimated closing costs
- $14,473
Plus your down payment of $179,980. 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
- $232,870
- Principal paid down
- $90,608
- Interest paid
- $142,263
- Balance remaining
- $629,312
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 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 COLDWELL BANKER THE REAL ESTATE CENTRE. MLS®/PropTx.