403 Park Avenue, Newmarket, ON
Central Newmarket, Newmarket · MLS® N13883596
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About this home
In short
- Welcome to 403 Park Ave, a character-filled property in the heart of Central Newmarket, just steps from historic Main Street, Fairy Lake, parks, shops, restaurants...
- Featuring approximately 2,216 sq. ft. of living space with 4 bedrooms and 2 bathrooms, the home offers generous principal rooms, plenty of natural light and the charm...
Welcome to 403 Park Ave, a character-filled property in the heart of Central Newmarket, just steps from historic Main Street, Fairy Lake, parks, shops, restaurants and everyday amenities. This versatile property is currently configured as two separate living spaces, each with its own entrance, offering an excellent opportunity for investors, multi-generational families, or buyers looking to create a home that fits their needs.Featuring approximately 2,216 sq. ft. of living space with 4 bedrooms and 2 bathrooms, the home offers generous principal rooms, plenty of natural light and the charm and character you would expect from a property of this vintage. The flexible layout also provides the potential to reimagine the property as a spacious single-family home.Set on a mature lot in one of Newmarket's most established neighbourhoods, this is an opportunity to own a distinctive property in an exceptional downtown location with convenient access to transit, schools, recreation and all that Main Street Newmarket has to offer.
Key facts
- Property type
- Other, 2-Storey
- MLS®
- N13883596
- Bedrooms
- 4
- Bathrooms
- 2
- Size
- 2000-2500 sq ft
- Lot
- 41.52 × 79.07 ft
- Cross streets
- Main/Park
- Parking
- 2 parking
- Driveway
- Private
- Basement
- Unfinished
- Kitchens
- 2 (1 + 1)
- Heating
- Water
- A/C
- None
- Exterior
- Aluminum Siding
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,558 / 2026
- Days on market
- 6
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
vinyl floor · picture window · w/o to yard
broadloom · window
Broadloom
broadloom · w/o to yard
vinyl floor · w/o to yard
broadloom · double closet
laminate · eat-in kitchen · renovated
broadloom · double closet
broadloom · open concept · combined w/dining
vinyl floor · eat-in kitchen · pot lights
broadloom · window · combined w/living
broadloom · w/o to yard
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readNeighbourhood & location
Central Newmarket, Newmarket, ON
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $879,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,866
- Property tax
- $380
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,245
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,475
- Estimated closing costs
- $18,475
Plus your down payment of $220,000. 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
- $291,940
- Principal paid down
- $107,520
- Interest paid
- $184,420
- Balance remaining
- $772,480
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.