434 Lavas Road, Newmarket, ON

Gorham-College Manor, Newmarket · MLS® N13874486

$1,199,900
For Sale
Listed 9 days agoNo offer date stated

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4+1Bedrooms
4Bathrooms
2Garage · 8 parking
2000-2500Sq ft

About this home

In short

  • Welcome to 434 Lavas Road, located in the highly desirable College Manor neighbourhood.
  • This immaculate 4+1 bedroom, 4 bathroom family home sits on an exceptionally rare 40 x 180 ft lot.
  • Designed with a great functional layout, the main level features separate living room or office, dining room, family room and sunlit eat-in kitchen that walks out to...
  • New Windows triple pane from Clera (2025).
  • Walk to top-ranked schools, local parks, the Magna Centre, and historic Downtown Newmarket.

Welcome to 434 Lavas Road, located in the highly desirable College Manor neighbourhood. This immaculate 4+1 bedroom, 4 bathroom family home sits on an exceptionally rare 40 x 180 ft lot. Designed with a great functional layout, the main level features separate living room or office, dining room, family room and sunlit eat-in kitchen that walks out to a private, fully fenced backyard oasis-complete with an above-ground pool and dedicated sitting area, perfect for summer entertaining. The bright finished lookout basement offers versatile living space or multi-generational potential, featuring a 2nd kitchen, spacious rec room with a gas fireplace, 5th bedroom, and a 4-piece bathroom. New Windows triple pane from Clera (2025). Attic insulation upgraded to R60 (2025). Shingles (2019). Convenient direct garage entry from the double-car garage. Walk to top-ranked schools, local parks, the Magna Centre, and historic Downtown Newmarket! Don't miss this rare opportunity in an amazing community.

Key facts

Property type
Detached, 2-Storey
MLS®
N13874486
Bedrooms
4+1 (5 total)
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
Lot
41.08 × 182.95 ft
Cross streets
Mulock and Leslie
Parking
2 garage · 8 parking (attached)
Driveway
Private Double
Basement
Finished
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Poured Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Pool
Above Ground
Property tax
$6,214 / 2025
Days on market
9
Listing brokerage
RE/MAX HALLMARK YORK GROUP REALTY LTD.

Rooms

KitchenBasement3.15 × 2.62 m
Primary BedroomSecond5.52 × 4.80 m

4 pc ensuite · his and hers closets

RecreationBasement6.34 × 3.29 m

Gas Fireplace

Dining RoomGround3.65 × 3.09 m

hardwood floor · separate room

KitchenGround2.44 × 2.37 m

hardwood floor · overlooks backyard

Bedroom 3Second4.45 × 3.35 m

broadloom · walk-in closet(s)

BreakfastGround3.11 × 3.07 m

hardwood floor · walk-out

Family RoomGround3.76 × 3.32 m

hardwood floor · brick fireplace

Bedroom 5Basement4.75 × 2.29 m
Bedroom 2Second3.60 × 3.40 m

hardwood floor · bay window

Bedroom 4Second3.75 × 3.31 m

Hardwood Floor

Living RoomGround4.60 × 2.90 m

hardwood floor · separate room · bay window

Our TakeTeam Asgarian · Broker
No automatic estimate

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Neighbourhood & location

Gorham-College Manor, Newmarket, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$5,469/mo
$228KIncome needed
5.3×Price ÷ income
$1,262Weekly cost
$20,473Land 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 $5,469Property tax $518Total carry $5,987

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)
$5,308per month

Mortgage amount $959,920 · 4.49% over 25 years

$239,980Down payment (20.0%)
$959,920Loan before insurance
$0CMHC premium
$5,825Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,308
Property tax
$518
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,825

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

One-time closing costs

Ontario land transfer tax
$20,473
Estimated closing costs
$20,473

Plus your down payment of $239,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,424/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

$632,349Total interest paid
$1,592,269Total of all payments
Principal $959,920 Interest $632,349
YearPrincipalInterestBalance
1$21,421$42,269$938,499
2$22,394$41,297$916,105
3$23,411$40,280$892,694
4$24,474$39,217$868,220
5$25,585$38,106$842,635
6$26,747$36,944$815,889
7$27,961$35,730$787,928
8$29,230$34,460$758,698
9$30,558$33,133$728,140
10$31,945$31,746$696,195
11$33,396$30,295$662,799
12$34,912$28,779$627,888
13$36,497$27,194$591,391
14$38,154$25,537$553,237
15$39,886$23,804$513,350
16$41,697$21,993$471,653
17$43,591$20,100$428,062
18$45,570$18,121$382,493
19$47,639$16,052$334,854
20$49,802$13,889$285,052
21$52,063$11,628$232,989
22$54,427$9,264$178,562
23$56,898$6,793$121,664
24$59,482$4,209$62,182
25$62,182$1,509$0

At the end of your 5-year term

Total paid over the term
$318,454
Principal paid down
$117,285
Interest paid
$201,169
Balance remaining
$842,635

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$4,200/mo
$50,400Gross annual rent
3.1%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.

4.2%
Gross yield
− Property tax $6,214− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $37,242

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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