120 Cherrywood Drive, Newmarket, ON
Bristol-London, Newmarket · MLS® N14031028
About this home
In short
- Move In, Unpack And Enjoy.
- This beautifully renovated detached brick bungalow in Newmarket has been professionally updated from top to bottom with quality finishes and exceptional attention to...
- The open-concept main floor features a fabulous, functional kitchen with quartz countertops, abundant soft- close cabinetry, pot drawers and a generous pantry.
- Hardwood flooring throughout, pot lights, a separate side entrance and walkout add to the home's appeal.
- Ideally located close to everyday amenities, Yonge Street and Main Street, parks, schools, public transit, the GO Station, Upper Canada Mall, the library and...
Move In, Unpack And Enjoy! This beautifully renovated detached brick bungalow in Newmarket has been professionally updated from top to bottom with quality finishes and exceptional attention to detail. The open-concept main floor features a fabulous, functional kitchen with quartz countertops, abundant soft- close cabinetry, pot drawers and a generous pantry. The spacious living and dining area is highlighted by a fireplace and walkout to an expansive deck, creating the perfect setting for entertaining and everyday family living. Three generously sized bedrooms, each with closets and built-ins, and a four-piece family bathroom complete the main level. The inviting lower level offers additional versatile living space, a separate laundry room, a three-piece bathroom and an impressive built- in wet bar with ample seating - an ideal space for family gatherings and socializing. Hardwood flooring throughout, pot lights, a separate side entrance and walkout add to the home's appeal. Step outside to discover a fully fenced, private, pie- shaped lot that widens at the rear, offering an abundance of outdoor space for children to play, family fun, dining and relaxation. Ideally located close to everyday amenities, Yonge Street and Main Street, parks, schools, public transit, the GO Station, Upper Canada Mall, the library and Southlake Regional Health Centre, with convenient access to Highways 400 and 404. A turnkey family home offering stylish finishes, exceptional living space and a fantastic outdoor setting in a convenient Newmarket location!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N14031028
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 35 × 119.5 ft
- Cross streets
- Davis Drive and Yonge St.
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,678 / 2026
- Days on market
- 5
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
hardwood floor · closet organizers
4 pc bath · renovated
hardwood floor · closet organizers
3 pc bath · renovated · ceramic floor
renovated · hardwood floor
hardwood floor · open concept · combined w/living
hardwood floor · electric fireplace · w/o to deck
wet bar · hardwood floor
renovated · quartz counter · ceramic floor
hardwood floor · ceiling fan(s) · closet organizers
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.
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For sale
For sale
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For sale
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For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $735/sqft; this home lists at $932/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Bristol-London, Newmarket, ON
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $671,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,711
- Property tax
- $390
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,101
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,255
- Estimated closing costs
- $13,255
Plus your down payment of $167,800. 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
- $222,671
- Principal paid down
- $82,008
- Interest paid
- $140,663
- Balance remaining
- $589,192
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 FOREST HILL REAL ESTATE INC.. MLS®/PropTx.