338 Dowson Loop, Newmarket, ON
Woodland Hill, Newmarket · MLS® N13752310
About this home
In short
- Rarely offered and proudly maintained by its original owners, this all-brick 4-bedroom detached home presents a unique opportunity in one of the area's most desirable...
- Thoughtfully designed for both everyday living and future value, the home features hardwood flooring, an elegant oak staircase, main floor laundry, spacious principal...
- The upper level offers four generously sized bedrooms, including a spacious primary retreat complete with a walk-in closet and private 4-piece ensuite.
- With potential to generate approximately $2,000-$2,500 per month in rental income, this space represents a compelling opportunity to offset mortgage costs while...
- Additional highlights include a double-car garage with direct interior access, parking for six vehicles, a newer roof (2023), and a premium lot offering both privacy...
Rarely offered and proudly maintained by its original owners, this all-brick 4-bedroom detached home presents a unique opportunity in one of the area's most desirable family communities. Situated on a premium 40.7 x 105.2 ft fully fenced lot, the property offers over 2,500 sq. ft. above grade, parking for six vehicles, and the long-term versatility today's buyers are searching for.Thoughtfully designed for both everyday living and future value, the home features hardwood flooring, an elegant oak staircase, main floor laundry, spacious principal rooms, and a bright open-concept kitchen with a walkout to an elevated deck overlooking the backyard. The upper level offers four generously sized bedrooms, including a spacious primary retreat complete with a walk-in closet and private 4-piece ensuite.A standout feature of the home is the rare builder-upgraded walkout basement, complete with oversized above-grade windows that fill the space with natural light and direct access to the backyard. Offering exceptional versatility and future potential, this unique configuration provides a significant advantage for buyers seeking multigenerational living or income-generating opportunities. Much of the costly and complex work associated with a walkout design has already been completed by the builder, creating a substantial head start for future development. With potential to generate approximately $2,000-$2,500 per month in rental income, this space represents a compelling opportunity to offset mortgage costs while building long-term wealth and equity.Additional highlights include a double-car garage with direct interior access, parking for six vehicles, a newer roof (2023), and a premium lot offering both privacy and outdoor enjoyment. Combining pride of ownership, future income potential, and exceptional long-term value, this is a rare opportunity to secure a home that can help offset your mortgage while building equity in one of the area's most sought-after communities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13752310
- Bedrooms
- 4
- Bathrooms
- 3 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 40.7 × 105.21 ft
- Cross streets
- Davis Drive West & Bathurst Street
- Parking
- 2 garage · 6 parking (built-in)
- Basement
- Unfinished, Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,839 / 2026
- Days on market
- 13
- Listing brokerage
- Keller Williams Energy Real Estate
Listed at $1,235,000. Going by how homes in Woodland Hill and the wider GTA have actually closed against their asking prices (about 97%, 18 local closings in 90 days), the likely sale price is near $1.20M, if it sells. A realistic range is $1.12M to $1.35M.
Independent value check: $1.14M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $1.07M and $1.19M).
Why $1.14M. The typical detached home sold in Woodland Hill over the past year went for about $1.15M (61 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $6,839 a year; the typical home sold here pays about $6,200.
- ▲ Raises it slightlyIt is 2,500 to 3,000 sq ft; the typical home sold here is 2,000 to 2,500.
- ▼ Lowers it slightlyThe listing presents it as a home to renovate or rebuild.
Total price vs nearby homes. Likely closing about $1.20M, from 18 recent closings in this pocket.
The market behind the math:
About 1.8 months of inventory: 11 detached homes for sale in the area against 18 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $449/sqft against an area asking average of $483/sqft.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.08M. 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.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Alexander Muir PS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($449/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 18 comparable homes that sold in Woodland Hill over the past two years, from 121 closings there.
For sale
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $445/sqft; this home lists at $449/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
Woodland Hill, 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) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 6 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $988,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,408
- Property tax
- $570
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,978
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21,175
- Estimated closing costs
- $21,175
Plus your down payment of $247,000. 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
- $324,483
- Principal paid down
- $122,159
- Interest paid
- $202,325
- Balance remaining
- $865,841
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
The suite is real income here: basements rent in Woodland Hill (13 of 90 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 31 whole-home leases in Woodland Hill signed at a median of $3,938 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,114. 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 Keller Williams Energy Real Estate. MLS®/PropTx.