420-185 Deerfield Road, Newmarket, ON

Central Newmarket, Newmarket · MLS® N13866130

$429,000
For Sale
Listed 13 days agoNo offer date stated
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1Bedrooms
1Bathrooms
1Garage
600-699Sq ft

About this home

Welcome to this bright and spacious 1-bedroom condo at The Davis by Rose Corp, ideally located in the heart of Central Newmarket. This unique unit features no unit above, offering added privacy and tranquility, along with a private south-facing balcony that fills the home with an abundance of natural light throughout the day.Enjoy the convenience of being just minutes from public transit, shopping, restaurants, and Upper Canada Mall.Building Amenities Include:Rooftop terrace with BBQ areaFully equipped fitness centre and yoga studioParty room and resident loungeGames roomTheatre roomHobby roomChildren's play areaPet spaGuest suiteVisitor parkingAdditional Features:Underground parking includedStorage locker includedExcellent central location close to all everyday conveniencesWhether you're a first-time buyer, downsizer, or investor, this exceptional condo offers the perfect combination of comfort, convenience, and modern amenities in one of Newmarket's most desirable communities.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13866130
Bedrooms
1
Bathrooms
1
Size
600-699 sq ft
Cross streets
Yonge & Davis
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$617/mo
Exposure
South
Property tax
$2,907 / 2025
Days on market
13
Listing brokerage
RE/MAX HALLMARK YORK GROUP REALTY LTD.

Rooms

KitchenMain2.97 × 2.51 m

b/i appliances · laminate

Living RoomMain4.87 × 2.97 m

laminate · open concept · w/o to balcony

Dining RoomMain4.87 × 2.97 m

laminate · open concept

Primary BedroomMain3.20 × 2.97 m

laminate · walk-in closet(s)

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

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Affordability & Mortgage

Affordability
$1,955/mo
$98KIncome needed
4.4×Price ÷ income
$451Weekly cost
$5,055Land 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.

69%mortgage
Mortgage $1,955Property tax $242Condo fee $617Total carry $2,814

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)
$1,898per month

Mortgage amount $343,200 · 4.49% over 25 years

$85,800Down payment (20.0%)
$343,200Loan before insurance
$0CMHC premium
$2,757Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,898
Property tax
$242
Condo / maintenance fees
$617
Heating
$0
Estimated monthly cost
$2,757

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

One-time closing costs

Ontario land transfer tax
$5,055
Estimated closing costs
$5,055

Plus your down payment of $85,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,297/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

$226,084Total interest paid
$569,284Total of all payments
Principal $343,200 Interest $226,084
YearPrincipalInterestBalance
1$7,659$15,113$335,541
2$8,007$14,765$327,535
3$8,370$14,401$319,165
4$8,750$14,021$310,415
5$9,147$13,624$301,267
6$9,563$13,209$291,705
7$9,997$12,774$281,708
8$10,451$12,321$271,257
9$10,925$11,846$260,332
10$11,421$11,350$248,910
11$11,940$10,831$236,971
12$12,482$10,289$224,489
13$13,049$9,723$211,440
14$13,641$9,130$197,799
15$14,261$8,511$183,538
16$14,908$7,863$168,630
17$15,585$7,186$153,045
18$16,293$6,479$136,752
19$17,032$5,739$119,720
20$17,806$4,966$101,915
21$18,614$4,157$83,300
22$19,459$3,312$63,841
23$20,343$2,429$43,498
24$21,266$1,505$22,232
25$22,232$539$0

At the end of your 5-year term

Total paid over the term
$113,857
Principal paid down
$41,933
Interest paid
$71,924
Balance remaining
$301,267

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$2,050/mo
$24,600Gross annual rent
2.6%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.

5.7%
Gross yield
− Property tax $2,907− Condo fees $7,404− Insurance $600− Vacancy & upkeep $2,706Net operating income $10,983

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK YORK GROUP REALTY LTD.. MLS®/PropTx.

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