856 Magnolia Avenue, Newmarket, ON
Huron Heights-Leslie Valley, Newmarket · MLS® N13813058
About this home
In short
- Welcome to this lovingly maintained 4-bedroom (3 on the second level and 1 on lower level), 3-bathroom home offering generous living space, timeless comfort, and...
- A standout feature is the main floor family room was being used as a bedroom, complete with a convenient 3-piece ensuite featuring a roll-in shower, ideal for...
- The finished basement adds valuable additional living space perfect for a recreation room, home office, hobby area, or playroom, along with a full bathroom and...
- With spacious bedrooms and 3 full bathrooms, this home offers flexibility, comfort, and room to grow.
Welcome to this lovingly maintained 4-bedroom (3 on the second level and 1 on lower level), 3-bathroom home offering generous living space, timeless comfort, and exceptional versatility for growing or multi-generational families. Proudly cared for over the years, this home showcases true pride of ownership throughout and presents a wonderful opportunity to move in and personalize at your own pace. The bright and spacious main level features a sun-filled living room ideal for everyday living and entertaining, while a separate family room provides an additional cozy retreat for movie nights, gatherings, or quiet evenings at home. The functional eat-in kitchen offers ample cabinetry, plenty of workspace, and room for a family-sized table, creating a warm and welcoming heart of the home. While the interior reflects a more traditional style, the home has been exceptionally maintained and offers a solid foundation for future updates. A standout feature is the main floor family room was being used as a bedroom, complete with a convenient 3-piece ensuite featuring a roll-in shower, ideal for extended family, guests, or accessible main-floor living needs. The finished basement adds valuable additional living space perfect for a recreation room, home office, hobby area, or playroom, along with a full bathroom and excellent storage options. With spacious bedrooms and 3 full bathrooms, this home offers flexibility, comfort, and room to grow. Situated in a quiet family-friendly neighbourhood, this is a fantastic opportunity to enjoy a well-cared-for home with endless potential to make it your own.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13813058
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 3
- Size
- 1500-2000 sq ft
- Lot
- 50.01 × 150.29 ft
- Cross streets
- West of Leslie St. and North of Elgin St.
- Parking
- 1 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,681 / 2025
- Days on market
- 27
- Listing brokerage
- ROYAL LEPAGE RCR REALTY
Rooms
Combined w/Primary
Large Window
Large Closet
W/O To Deck
Large Window
Large Closet
Combined w/Den
Large Closet
eat-in kitchen · vinyl floor
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 $539/sqft; this home lists at $486/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Huron Heights-Leslie Valley, Newmarket, ON
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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 20, 2026); conventional rates run a little higher.
Mortgage amount $680,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,760
- Property tax
- $390
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,150
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,475
- Estimated closing costs
- $13,475
Plus your down payment of $170,000. 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
- $225,590
- Principal paid down
- $83,083
- Interest paid
- $142,507
- Balance remaining
- $596,917
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 ROYAL LEPAGE RCR REALTY. MLS®/PropTx.