408 Flanagan Court, Newmarket, ON
Summerhill Estates, Newmarket · MLS® N13789276
About this home
In short
- Welcome to 408 Flanagan Court, a spacious detached home situated on an established residential court in Newmarket's sought-after Summerhill Estates.
- The main level features 9 ft ceilings, crown moulding and a bright family room with hardwood flooring, pot lights and a gas fireplace.
- Upstairs, the generous primary bedroom includes a walk-in closet and 3-piece ensuite.
- The finished basement adds valuable living space with a recreation room, fourth bedroom, laundry area and 3-piece bathroom.
- A separate entrance with a convenient walk-up into the garage provides additional flexibility for guests, a home office or extended living arrangements.
Welcome to 408 Flanagan Court, a spacious detached home situated on an established residential court in Newmarket's sought-after Summerhill Estates. Offering approximately 1,890 sq. ft. above grade on a 32 x 115 ft lot, this inviting residence features a versatile 3+1-bedroom, 4-bathroom layout designed for comfortable everyday living, entertaining and working from home. The main level features 9 ft ceilings, crown moulding and a bright family room with hardwood flooring, pot lights and a gas fireplace. A separate dining room with a large window provides an inviting setting for special occasions. The spacious eat-in kitchen is equipped with stainless steel appliances, a breakfast bar and stone backsplash, while the adjoining breakfast area offers a walkout to the deck and backyard. Upstairs, the generous primary bedroom includes a walk-in closet and 3-piece ensuite. Two additional well-proportioned bedrooms and a second 3-piece bathroom complete the level. The finished basement adds valuable living space with a recreation room, fourth bedroom, laundry area and 3-piece bathroom. A separate entrance with a convenient walk-up into the garage provides additional flexibility for guests, a home office or extended living arrangements. Other conveniences include a main-floor powder room, central air conditioning, a built-in double garage and parking for up to six vehicles. Summerhill Estates combines a peaceful community setting with convenient access to schools, parks, walking trails, public transit, shopping and recreation. Ray Twinney Recreation Complex, Mulock Park, Upper Canada Mall, Southlake Regional Health Centre, historic Main Street, Riverwalk Commons and Fairy Lake are all within easy reach, along with connections to Yonge Street, Highway 404 or 400 and Newmarket GO. An excellent opportunity for buyers seeking space, versatility and everyday convenience in a well-connected Newmarket neighbourhood.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13789276
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 32.01 × 114.91 ft
- Cross streets
- Yonge St & Mulock Dr
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Separate Entrance, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,790 / 2026
- Days on market
- 33
- Listing brokerage
- REAL BROKER ONTARIO LTD.
Rooms
window · double closet · laminate
pot lights · laminate
walk-out · combined w/kitchen · ceramic floor
3 pc ensuite · walk-in closet(s) · laminate
gas fireplace · pot lights · hardwood floor
breakfast bar · stainless steel appl · ceramic floor
large window · pot lights · laminate
window · closet · laminate
laminate · crown moulding · combined w/dining
Laminate
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.
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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 $631/sqft; this home lists at $569/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Summerhill Estates, 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 $796,710 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,405
- Property tax
- $483
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,888
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,393
- Estimated closing costs
- $16,393
Plus your down payment of $199,178. 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
- $264,309
- Principal paid down
- $97,343
- Interest paid
- $166,966
- Balance remaining
- $699,367
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 REAL BROKER ONTARIO LTD.. MLS®/PropTx.