296 Eagle Street, Newmarket, ON

Central Newmarket, Newmarket · MLS® N13860984

$1,645,000
For Sale
Listed 14 days agoNo offer date stated
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3Bedrooms
3Bathrooms
2Garage · 10 parking
2000-2500Sq ft

About this home

In short

  • The Henry Johnson House, Circa 1891 - one of Newmarket's landmark century homes.
  • Situated on a rare double lot measuring roughly 93' wide x 170' deep, held under two separate titles.
  • With Buff Brick and a plaque out front, come experience the historical house and the 2004 addition that opened up the main level and added a spectacular 500 square...
  • Relax and enjoy the beautiful gas fireplace then open the French doors to the expansive 800 square foot deck overlooking the park like backyard.
  • Mechanical notes: Furnace and air conditioning (2023), roof (2020), 200-amp service.

The Henry Johnson House, Circa 1891 - one of Newmarket's landmark century homes. Situated on a rare double lot measuring roughly 93' wide x 170' deep, held under two separate titles. With Buff Brick and a plaque out front, come experience the historical house and the 2004 addition that opened up the main level and added a spectacular 500 square foot primary suite with a generous walk in closet and 4 piece ensuite. The exquisite kitchen offers quartz countertops, gas cooktop, wall and speed oven/microwave, extensive cupboards and pantry that opens up to the charming family room. Relax and enjoy the beautiful gas fireplace then open the French doors to the expansive 800 square foot deck overlooking the park like backyard. Also on the main floor is a formal dinning room with California shutters, and office/den with built in lined cabinets. Mechanical notes: Furnace and air conditioning (2023), roof (2020), 200-amp service. The beautiful yard features mature trees, perennial gardens, and a depth of lot that is rare this close to Main Street, Fairy Lake and the TomTaylor Trail. A century of Newmarket history, with nothing left on your list.

Key facts

Property type
Detached, 2-Storey
MLS®
N13860984
Bedrooms
3
Bathrooms
3 (1 half)
Size
2000-2500 sq ft
Lot
28.42 × 51.88 ft
Cross streets
Eagle/Lorne
Parking
2 garage · 10 parking (carport)
Driveway
Private
Basement
Partial Basement, Unfinished
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Board & Batten
Foundation
Stone, Concrete Block
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$8,667 / 2026
Days on market
14
Listing brokerage
COLDWELL BANKER THE REAL ESTATE CENTRE

Rooms

Bedroom 3Second3.07 × 3.20 m

broadloom · window · overlooks frontyard

OfficeMain3.20 × 4.73 m

wood · california shutters · overlooks frontyard

Dining RoomMain4.75 × 3.20 m

wood · california shutters · overlooks frontyard

BreakfastMain2.60 × 3.50 m

hardwood floor · bay window · east view

KitchenMain4.63 × 4.52 m

tile floor · open concept

Bedroom 2Second3.20 × 4.70 m

broadloom · closet · overlooks frontyard

Living RoomMain5.70 × 3.80 m

hardwood floor · gas fireplace · w/o to deck

Primary BedroomSecond5.86 × 4.44 m

hardwood floor · 4 pc ensuite · walk-in closet(s)

Our TakeTeam Asgarian · Broker
A small discount is typical
$1.60Mlikely sale price

Listed at $1,645,000. Going by how homes in Central Newmarket 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 $1.60M, if it sells. A realistic range is $1.50M to $1.80M.

Independent value check: $1.37M. Without looking at the asking price, our model values the home itself about 17% below the ask (homes like it typically land between $1.28M and $1.43M).

Why $1.37M. The typical detached home sold in Central Newmarket over the past year went for about $870K (85 sales). What sets this one apart:

  • ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $8,667 a year; the typical home sold here pays about $4,600.
  • ▲ Raises itIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,100 to 1,500.
  • ▲ Raises it2 garage and 10 total parking spaces, against 1 and 5 typically.
  • ▼ Lowers it slightlyIts lot is 28 by 52 ft; the typical lot sold here is 50 by 114.
List price
$1.50MBelow recent closings$1.80MAbove recent closings

Total price vs nearby homes. Likely closing about $1.60M, from 18 recent closings in this pocket.

The market behind the math:

18sold nearby · 90 days
$853Kmedian sold price
96%of asking, on average
−7%prices vs a year ago
~21 dayshomes like this take to sell
14days on market so far
$3,396/moest. rent · 6 leases
2.5%gross yield on the ask
Seller's market
Buyer's marketSeller's market

About 1.3 months of inventory: 8 detached homes for sale in the area against 18 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $731/sqft against an area asking average of $719/sqft.

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 $1.21M. Condition and finishes remain an in-person call.

What the listing highlights3 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. 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
Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($731/sqft) is in line with the area, so you are paying for extra space rather than a premium.

There were not many closely comparable homes right in Central Newmarket, so I widened the search to the surrounding area.

Based on 18 comparable homes that sold in Central Newmarket over the past two years, from 165 closings there.

What sellers nearby are askingCurrently listed nearby in Central Newmarket · asking prices
$1.51Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.37M, which is where my estimate comes from.

Per square foot, these ask about $723/sqft; this home lists at $731/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
1.65MThis home1.30M2.00M1.23MThis home vs active comparables

Sold price trend

Median sold price for detached homes in Central Newmarket: $718K in September 2026, down 5% from a year ago, on 79 closings in 11 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$848K11
November 2025$940K7
January 2026$794K6
February 2026$895K5
March 2026$834K7
April 2026$849K9
May 2026$864K10
June 2026$881K6
July 2026$900K8
August 2026$855K5
September 2026$718K5

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.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Gorham-College Manor
$1.04M
Armitage
$1.21M
Bristol-London
$1.00M
Summerhill Estates
$1.07M
Glenway Estates
$1.36M

Typical asking price of active listings of the same type, per area (outliers removed). Newmarket.

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

Affordability & Mortgage

Affordability
$7,497/mo
$312KIncome needed
5.3×Price ÷ income
$1,730Weekly cost
$29,375Land 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 $7,497Property tax $722Total carry $8,220

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

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)
$7,276per month

Mortgage amount $1,316,000 · 4.49% over 25 years

$329,000Down payment (20.0%)
$1,316,000Loan before insurance
$0CMHC premium
$7,999Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7,276
Property tax
$722
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$7,999

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

One-time closing costs

Ontario land transfer tax
$29,375
Estimated closing costs
$29,375

Plus your down payment of $329,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$8,807/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

$866,917Total interest paid
$2,182,917Total of all payments
Principal $1,316,000 Interest $866,917
YearPrincipalInterestBalance
1$29,368$57,949$1,286,632
2$30,701$56,616$1,255,932
3$32,095$55,222$1,223,837
4$33,552$53,765$1,190,285
5$35,076$52,241$1,155,209
6$36,668$50,649$1,118,541
7$38,333$48,984$1,080,208
8$40,073$47,243$1,040,135
9$41,893$45,424$998,242
10$43,795$43,522$954,447
11$45,783$41,533$908,663
12$47,862$39,454$860,801
13$50,035$37,281$810,766
14$52,307$35,009$758,458
15$54,682$32,635$703,776
16$57,165$30,152$646,611
17$59,760$27,556$586,851
18$62,474$24,843$524,377
19$65,310$22,006$459,067
20$68,276$19,041$390,791
21$71,376$15,941$319,415
22$74,616$12,700$244,799
23$78,004$9,312$166,795
24$81,546$5,771$85,249
25$85,249$2,068$0

At the end of your 5-year term

Total paid over the term
$436,583
Principal paid down
$160,791
Interest paid
$275,792
Balance remaining
$1,155,209

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
From 6 whole-home leases in Central Newmarket$3,396/mo
$40,752Gross annual rent
1.6%Cap rate after taxes and upkeep
$3,124 to $3,667Typical rent range
~38 daysTo find a tenant, on average

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

Talk about the numbers

The last 6 whole-home leases in Central Newmarket signed at a median of $3,072 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,396. 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.

2.5%
Gross yield
− Property tax $8,667− Insurance $1,400− Vacancy & upkeep $4,483Net operating income $26,202

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of COLDWELL BANKER THE REAL ESTATE CENTRE. MLS®/PropTx.

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