742 Shanahan Boulevard, Newmarket, ON

Armitage, Newmarket · MLS® N13860790

$749,000
For Sale
Listed 8 days agoNo offer date stated

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3Bedrooms
3Bathrooms
1Garage · 2 parking
1100-1500Sq ft

About this home

In short

  • An excellent opportunity to own a spacious, light-filled townhouse in a quiet, sought-after Newmarket neighbourhood.
  • Offering a functional layout with plenty of room for the whole family, this home features an open-concept living and dining area, a generous eat-in kitchen with a...
  • Upstairs, the spacious primary bedroom features two closets and a 4-piece ensuite, complemented by two additional bedrooms, a 4-piece family bathroom and a bright...
  • Complete with a covered front entry and attached single-car garage, plus key updates including a reshingled roof (2025), upgraded windows and a replaced garage door.
  • Enjoy an unbeatable location just steps to Yonge Street shopping, restaurants, parks, VIVA and GO transit, and excellent schools.

An excellent opportunity to own a spacious, light-filled townhouse in a quiet, sought-after Newmarket neighbourhood! Offering a functional layout with plenty of room for the whole family, this home features an open-concept living and dining area, a generous eat-in kitchen with a walkout to a private backyard overlooking peaceful greenspace, and a convenient 2-piece powder room. Upstairs, the spacious primary bedroom features two closets and a 4-piece ensuite, complemented by two additional bedrooms, a 4-piece family bathroom and a bright, inviting family room with a charming gas fireplace, creating the perfect space to unwind. The unfinished lower level boasts impressive ceiling height and offers endless possibilities to customize to your needs, whether as a recreation room, home gym or additional living space. Complete with a covered front entry and attached single-car garage, plus key updates including a reshingled roof (2025), upgraded windows and a replaced garage door. Enjoy an unbeatable location just steps to Yonge Street shopping, restaurants, parks, VIVA and GO transit, and excellent schools. An affordable opportunity to get into a desirable neighbourhood, offering comfort today and plenty of potential for tomorrow. Move in, make it your own and enjoy all that Newmarket has to offer!

Key facts

Property type
Townhouse, 2-Storey
MLS®
N13860790
Bedrooms
3
Bathrooms
3 (1 half)
Size
1100-1500 sq ft
Lot
20.21 × 100 ft
Cross streets
Caradonna Crescent and Shanahan Boulevard
Parking
1 garage · 2 parking (attached)
Basement
Full, Unfinished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Shingles
Sewer
Sewer
Property tax
$4,274 / 2026
Days on market
8
Listing brokerage
Century 21 Granite Realty Group Inc.

Rooms

FoyerMain1.34 × 1.54 m
BedroomSecond2.85 × 3.04 m
BedroomSecond2.66 × 2.81 m
Primary BedroomSecond4.66 × 3.17 m
BathroomSecond3.01 × 1.52 m

4 Pc Bath

Family RoomSecond4.34 × 3.15 m

Fireplace

Dining RoomMain2.92 × 3.63 m
Utility RoomLower5.90 × 7.99 m

Combined w/Laundry

Living RoomMain4.30 × 2.92 m
BathroomSecond2.40 × 1.51 m

4 Pc Ensuite

BathroomMain1.30 × 1.63 m

2 Pc Bath

KitchenMain2.71 × 5.01 m

Walk-Out

Our TakeTeam Asgarian · Broker
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Neighbourhood & location

Armitage, Newmarket, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$3,414/mo
$145KIncome needed
5.2×Price ÷ income
$788Weekly cost
$11,455Land 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.

91%mortgage
Mortgage $3,414Property tax $356Total carry $3,770

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)
$3,313per month

Mortgage amount $599,200 · 4.49% over 25 years

$149,800Down payment (20.0%)
$599,200Loan before insurance
$0CMHC premium
$3,669Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,313
Property tax
$356
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$3,669

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

One-time closing costs

Ontario land transfer tax
$11,455
Estimated closing costs
$11,455

Plus your down payment of $149,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,010/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

$394,724Total interest paid
$993,924Total of all payments
Principal $599,200 Interest $394,724
YearPrincipalInterestBalance
1$13,372$26,385$585,828
2$13,979$25,778$571,850
3$14,613$25,144$557,236
4$15,277$24,480$541,959
5$15,971$23,786$525,989
6$16,696$23,061$509,293
7$17,454$22,303$491,839
8$18,246$21,511$473,593
9$19,075$20,682$454,519
10$19,941$19,816$434,578
11$20,846$18,911$413,732
12$21,793$17,964$391,939
13$22,782$16,975$369,157
14$23,816$15,940$345,341
15$24,898$14,859$320,443
16$26,028$13,729$294,415
17$27,210$12,547$267,204
18$28,446$11,311$238,759
19$29,737$10,020$209,022
20$31,087$8,670$177,935
21$32,499$7,258$145,436
22$33,974$5,783$111,462
23$35,517$4,240$75,945
24$37,129$2,627$38,815
25$38,815$942$0

At the end of your 5-year term

Total paid over the term
$198,785
Principal paid down
$73,211
Interest paid
$125,574
Balance remaining
$525,989

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.

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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$2,300/mo
$27,600Gross annual rent
2.5%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.

3.7%
Gross yield
− Property tax $4,274− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $18,890

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Century 21 Granite Realty Group Inc.. MLS®/PropTx.

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