407-185 Deerfield Road, Newmarket, ON

Central Newmarket, Newmarket · MLS® N13811508

$449,000
For Sale
Listed 27 days agoNo offer date stated
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1+1Bedrooms
2Bathrooms
1Garage
700-799Sq ft

About this home

In short

  • A rare opportunity to own a 705sq ft unit in the heart of Central Newmarket.
  • An easily accessible parking spot right next to the elevator adds everyday convenience.
  • Offer night: Thursday, October 1 @ 7pm

A MUST SEE ! A rare opportunity to own a 705sq ft unit in the heart of Central Newmarket! This spacious one-bedroom plus den condo features oversized rooms, two full bathrooms, and a flexible layout with space to work, relax, and entertain. Enjoy picturesque views and beautiful sunsets, along with stainless steel appliances and high-end finishes. Quartz Kitchen Countertop, Soft Close Drawers, Chrome Finish Hardware And Fixtures. Many upgrades from the builder, including flat ceiling and lots of light. An easily accessible parking spot right next to the elevator adds everyday convenience. Located next to Upper Canada Mall, GO Train Station, YRT Bus Terminal. The building offers a party room, games room, rooftop, and gym. Shopping, dining, and daily essentials are close at hand. A standout home in an unbeatable location-must see! Flexible closing date. Offer night: Thursday, October 1 @ 7pm

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13811508
Bedrooms
1+1 (2 total)
Bathrooms
2
Size
700-799 sq ft
Cross streets
Yonge St and Davis Dr
Parking
1 garage (underground)
Basement
None
Heating
Heat Pump
A/C
Central Air
Exterior
Brick
Maintenance
$698/mo
Exposure
West
Property tax
$3,201 / 2025
Days on market
27
Listing brokerage
VILENSKY REALTY

Rooms

Den2.14 × 2.60 m
Living Room3.18 × 2.94 m

west view · combined w/kitchen

Kitchen2.51 × 2.28 m

stainless steel appl · combined w/living

Bedroom4.79 × 2.60 m

3 Pc Ensuite

Our TakeTeam Asgarian · Broker
No automatic estimate

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

Neighbourhood & location

Central Newmarket, Newmarket, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$2,046/mo
$104KIncome needed
4.3×Price ÷ income
$472Weekly cost
$5,455Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

68%mortgage
Mortgage $2,046Property tax $267Condo fee $698Total carry $3,011

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$1,986per month

Mortgage amount $359,200 · 4.49% over 25 years

$89,800Down payment (20.0%)
$359,200Loan before insurance
$0CMHC premium
$2,951Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,986
Property tax
$267
Condo / maintenance fees
$698
Heating
$0
Estimated monthly cost
$2,951

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$5,455
Estimated closing costs
$5,455

Plus your down payment of $89,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,404/monthPayment at the qualifying rate

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

$236,624Total interest paid
$595,824Total of all payments
Principal $359,200 Interest $236,624
YearPrincipalInterestBalance
1$8,016$15,817$351,184
2$8,380$15,453$342,804
3$8,760$15,073$334,044
4$9,158$14,675$324,886
5$9,574$14,259$315,312
6$10,008$13,824$305,304
7$10,463$13,370$294,841
8$10,938$12,895$283,903
9$11,435$12,398$272,468
10$11,954$11,879$260,515
11$12,497$11,336$248,018
12$13,064$10,769$234,954
13$13,657$10,176$221,297
14$14,277$9,556$207,020
15$14,925$8,908$192,095
16$15,603$8,230$176,492
17$16,312$7,521$160,180
18$17,052$6,781$143,128
19$17,826$6,007$125,302
20$18,636$5,197$106,666
21$19,482$4,351$87,184
22$20,366$3,467$66,817
23$21,291$2,542$45,526
24$22,258$1,575$23,268
25$23,268$564$0

At the end of your 5-year term

Total paid over the term
$119,165
Principal paid down
$43,888
Interest paid
$75,277
Balance remaining
$315,312

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.

Let's connect

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

Rental yield
Estimate$2,400/mo
$28,800Gross annual rent
3.0%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

6.4%
Gross yield
− Property tax $3,201− Condo fees $8,375− Insurance $600− Vacancy & upkeep $3,168Net operating income $13,456

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of VILENSKY REALTY. MLS®/PropTx.

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