304-400 Park Avenue, Newmarket, ON
Central Newmarket, Newmarket · MLS® N14082290
About this home
Stunning 2 Bedroom, 2 Bathroom Loft Condo in the Sought-After King George School House Lofts in the Heart of Historic Downtown Newmarket* Rare Opportunity to Own a Beautifully Designed 1220 Sq Ft Suite Featuring Soaring 12'8" Ceilings and Rich Hardwood Flooring Creating a Bright, Open Concept Layout Filled with Natural Light* Modern Kitchen with Upgraded Finishes, Quartz Countertops, Stainless Steel Appliances, and an Abundance of Cabinetry & Counter Space-Perfect for Everyday Living and Entertaining* Spacious Living Area with Functional Open Concept Design* Large Primary Bedroom Featuring a Walk-In Closet with Custom Organizers and a Private Ensuite Bathroom with Elegant, Upgraded Finishes* Second Bedroom Generously Sized with Great Natural Light, a Double Closet, and a Semi-Ensuite Bathroom* Both Bathrooms Beautifully Finished with Modern, Upgraded Details* Includes Covered Surface Parking Space for Added Convenience* Located in One of Newmarket's Most Desirable Neighbourhoods, Just Steps to Historic Main Street, Shops, Restaurants, Southlake Hospital, GO Train Station, Parks, and All Amenities-Perfect for Those Seeking a Vibrant and Convenient Downtown Lifestyle*
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- N14082290
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1200-1399 sq ft
- Cross streets
- Park Ave/Victoria
- Parking
- 1 garage (carport)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,198/mo
- Exposure
- South East
- Property tax
- $6,045 / 2026
- Days on market
- 4
- Listing brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Rooms
hardwood floor · large window · large closet
hardwood floor · large window · open concept
hardwood floor · 4 pc ensuite · walk-in closet(s)
hardwood floor · stainless steel appl · quartz counter
hardwood floor · large window · open concept
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.
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market.
Per square foot, these ask about $518/sqft; this home lists at $654/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Central Newmarket, Newmarket, ON
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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 20, 2026); conventional rates run a little higher.
Mortgage amount $679,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,759
- Property tax
- $504
- Condo / maintenance fees
- $1,198
- Heating
- $0
- Estimated monthly cost
- $5,461
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,473
- Estimated closing costs
- $13,473
Plus your down payment of $169,980. 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
- $225,564
- Principal paid down
- $83,074
- Interest paid
- $142,490
- Balance remaining
- $596,846
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 CENTURY 21 HERITAGE GROUP LTD.. MLS®/PropTx.