175 Penn Avenue, Newmarket, ON
Bristol-London, Newmarket · MLS® N13882332
About this home
In short
- Welcome to this beautifully maintained modern home in the heart of Newmarket, complete with a legal basement apartment offering excellent income potential and...
- Both the main home and lower-level suite have been thoughtfully upgraded with modern kitchens and bright, open-concept layouts, creating stylish and functional living...
- Situated on a desirable corner lot, the property offers ample parking and a beautifully maintained backyard garden perfect for relaxing or entertaining.
- Ideally located close to shopping, schools, parks, Southlake Hospital, public transit and a wide range of everyday amenities.
Welcome to this beautifully maintained modern home in the heart of Newmarket, complete with a legal basement apartment offering excellent income potential and versatility. Both the main home and lower-level suite have been thoughtfully upgraded with modern kitchens and bright, open-concept layouts, creating stylish and functional living spaces filled with natural light and complemented by pot lights throughout .Convenience is key with separate laundry facilities in both units. Situated on a desirable corner lot, the property offers ample parking and a beautifully maintained backyard garden perfect for relaxing or entertaining. Ideally located close to shopping, schools, parks, Southlake Hospital, public transit and a wide range of everyday amenities. A fantastic opportunity for homeowners, investors or multi-generational families seeking modern finishes, flexibility and a prime Newmarket location.
Key facts
- Property type
- Semi-Detached, Bungalow
- MLS®
- N13882332
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 32.5 × 95 ft
- Cross streets
- Davis And Yonge St
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,667 / 2026
- Days on market
- 6
- Listing brokerage
- EXP REALTY
Rooms
laminate · closet · window
window · combined w/dining · pot lights
laminate · bay window · pot lights
laminate · closet · window
quartz counter · stainless steel appl · modern kitchen
combined w/living · laminate · pot lights
stainless steel appl · backsplash · modern kitchen
open concept · combined w/living · pot lights
laminate · closet · window
Listed at $769,000. Going by how homes in Bristol-London and the wider GTA have actually closed against their asking prices (about 96%, 6 local closings in 90 days), the likely sale price is near $741K, if it sells. A realistic range is $694K to $835K.
Independent value check: $709K. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $665K and $743K).
Why $709K. The typical semi-detached home sold in Bristol-London over the past year went for about $685K (25 sales). What sets this one apart:
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $741K, from 6 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 6 semi-detached homes for sale in the area against 6 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $854/sqft against an area asking average of $812/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Bristol-London: 35 of the 120 detached leases here lately were basement units, around $1,650 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the Town of Newmarket.
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 6 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $632K. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($854/sqft) is in line with the area, so you are paying for extra space rather than a premium.
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 4 homes sold on this street over the past two years, plus 1 nearby in Bristol-London, from 50 closings in Bristol-London.
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 $797/sqft; this home lists at $854/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesSold price trend
Median sold price for semi-detached homes in Newmarket: $844K in September 2026, up 1% from a year ago, on 89 closings in 10 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Newmarket as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $821K | 10 |
| November 2025 | $874K | 6 |
| January 2026 | $742K | 6 |
| March 2026 | $854K | 8 |
| April 2026 | $868K | 13 |
| May 2026 | $743K | 8 |
| June 2026 | $786K | 12 |
| July 2026 | $827K | 10 |
| August 2026 | $848K | 8 |
| September 2026 | $844K | 8 |
Neighbourhood & location
Bristol-London, Newmarket, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
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
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 16, 2026); conventional rates run a little higher.
Mortgage amount $615,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,402
- Property tax
- $306
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,707
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,855
- Estimated closing costs
- $11,855
Plus your down payment of $153,800. 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
- $204,093
- Principal paid down
- $75,166
- Interest paid
- $128,927
- Balance remaining
- $540,034
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
The suite is real income here: basements rent in Bristol-London (35 of 120 recent detached leases were basement units, around $1,650 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,650 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 5 whole-home leases in Bristol-London signed at a median of $2,151 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,244. 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of EXP REALTY. MLS®/PropTx.