150 Lorne Avenue, Newmarket, ON

Central Newmarket, Newmarket · MLS® N14004456

$1,999,900
For Sale
Listed 2 days agoNo offer date stated

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2+2Bedrooms
4Bathrooms
5Parking
2000-2500Sq ft

About this home

In short

  • Fully renovated, the home showcases soaring ceilings, extensive trim, wainscoting, crown moulding & hand-scraped hardwood flooring.
  • The gourmet kitchen features stone counters, retro appliances, tall cabinetry w/glass inserts, custom backsplash, lighting & flooring, flowing into a sunken "Muskoka"...
  • Formal living & dining rooms offer a step back in time w/ soaring ceilings, traditional baseboards & refined trim.
  • The impressive primary suite features a generous walk-in closet leading to a fully updated ensuite w/ modern glass shower, inviting soaker tub & 9' ceilings.
  • Outside, the exceptionally rare, deep lot creates a private summer oasis complete w/ sparkling in-ground pool & private gazebo-perfect for entertaining & family...

Welcome to the distinguished John S. Millard House-an exceptional heritage residence where historic character has been thoughtfully preserved & seamlessly blended w/ modern comfort & sophistication. Sought after location just steps to Newmarket's award winning downtown w/ shops, restaurants, bars, farmers market, Riverwalk Commons & trail system. Fully renovated, the home showcases soaring ceilings, extensive trim, wainscoting, crown moulding & hand-scraped hardwood flooring. The gourmet kitchen features stone counters, retro appliances, tall cabinetry w/glass inserts, custom backsplash, lighting & flooring, flowing into a sunken "Muskoka" room rich in wood detailing & warmed by a gas fireplace, overlooking the expansive cottage-like backyard oasis w/ coveted western exposure. Formal living & dining rooms offer a step back in time w/ soaring ceilings, traditional baseboards & refined trim. The impressive primary suite features a generous walk-in closet leading to a fully updated ensuite w/ modern glass shower, inviting soaker tub & 9' ceilings. The walk-out lower level provides a private in-law suite, ideal for extended family or guests. Outside, the exceptionally rare, deep lot creates a private summer oasis complete w/ sparkling in-ground pool & private gazebo-perfect for entertaining & family gatherings. Beyond the pool, the original barn has been transformed into an extraordinary private retreat, featuring a games room, additional bedroom & ensuite on the lower level and a spectacular upper-level recreation room w/ live-edge bar, extensive wood & beam detailing and multiple lookouts overlooking the pool. The barn also offers exciting potential to become an exquisite carriage house. A rear bunky/shed adds to the property's authentic north-country charm. An incredibly rare offering that combines heritage, elegance, thoughtful renovation & exceptional recreational spaces-truly a piece of Newmarket history-reimagined for modern living!

Key facts

Property type
Detached, 2-Storey
MLS®
N14004456
Bedrooms
2+2 (4 total)
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
Lot
70.85 × 208.15 ft
Cross streets
Lorne/ Millard Ave
Parking
5 parking
Driveway
Private
Basement
Apartment, Finished with Walk-Out
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Stone, Concrete
Roof
Metal
Sewer
Sewer
Pool
Inground
Property tax
$5,822 / 2025
Days on market
2
Listing brokerage
RE/MAX HALLMARK YORK GROUP REALTY LTD.

Rooms

RecreationUpper10.30 × 7.65 m

hardwood floor · b/i bar · vaulted ceiling(s)

Bedroom 4Ground4.30 × 2.00 m

hardwood floor · 2 pc ensuite · closet

Dining RoomMain5.16 × 4.04 m

hardwood floor · closet · crown moulding

Family RoomMain5.40 × 3.93 m

hardwood floor · gas fireplace · overlooks pool

Game RoomGround7.70 × 6.50 m

hardwood floor · beamed ceilings · w/o to pool

Living RoomLower5.15 × 3.65 m

gas fireplace · laminate · pot lights

Living RoomMain5.67 × 4.04 m

hardwood floor · bay window · crown moulding

Primary BedroomUpper7.16 × 4.06 m

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

LaundryLower4.50 × 3.40 m

tile floor · laundry sink · b/i shelves

Bedroom 2Upper4.30 × 4.04 m

hardwood floor · walk-in closet(s) · crown moulding

KitchenMain4.74 × 4.25 m

granite counters · centre island · w/o to deck

Bedroom 3Lower3.78 × 2.55 m

3 pc ensuite · large closet · window

Our TakeTeam Asgarian · Broker
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Neighbourhood & location

Central Newmarket, Newmarket, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$9,115/mo
$364KIncome needed
5.5×Price ÷ income
$2,103Weekly cost
$36,473Land 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.

95%mortgage
Mortgage $9,115Property tax $485Total carry $9,600

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)
$8,846per month

Mortgage amount $1,599,920 · 4.49% over 25 years

$399,980Down payment (20.0%)
$1,599,920Loan before insurance
$0CMHC premium
$9,331Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8,846
Property tax
$485
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$9,331

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

One-time closing costs

Ontario land transfer tax
$36,473
Estimated closing costs
$36,473

Plus your down payment of $399,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$10,707/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

$1,053,950Total interest paid
$2,653,870Total of all payments
Principal $1,599,920 Interest $1,053,950
YearPrincipalInterestBalance
1$35,703$70,451$1,564,217
2$37,324$68,830$1,526,892
3$39,019$67,136$1,487,873
4$40,791$65,364$1,447,082
5$42,643$63,512$1,404,439
6$44,579$61,576$1,359,860
7$46,603$59,552$1,313,257
8$48,719$57,436$1,264,538
9$50,931$55,224$1,213,607
10$53,244$52,911$1,160,364
11$55,661$50,494$1,104,703
12$58,188$47,967$1,046,514
13$60,830$45,325$985,684
14$63,592$42,563$922,092
15$66,480$39,675$855,612
16$69,498$36,657$786,114
17$72,653$33,501$713,461
18$75,952$30,203$637,509
19$79,401$26,754$558,108
20$83,006$23,149$475,102
21$86,775$19,380$388,328
22$90,715$15,440$297,613
23$94,833$11,321$202,780
24$99,139$7,016$103,640
25$103,640$2,514$0

At the end of your 5-year term

Total paid over the term
$530,774
Principal paid down
$195,481
Interest paid
$335,293
Balance remaining
$1,404,439

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
1.9%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

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.

2.5%
Gross yield
− Property tax $5,822− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $37,634

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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