255 Savage Road, Newmarket, ON
Armitage, Newmarket · MLS® N14082912
About this home
Perfect 4+1 Bedrooms & 4 Baths Detached Home * Newly Top to Bottom Renovated * Premium 44 x111 Ft Lot * Professionally Landscaped Front Yard W/ Lush Gardens * Grand Custom Double Front Entry Doors W Lead-Glass Inserts * Modern Black-Framed Windows W/ Matching Dark Exterior Trim * Sun-Filled & Open Concept Living Room W/ Elegant Dark Hardwood Floors, Large Bay Window w/ Crown Moulding Around Them and Pot Lights * Grand Formal Dining Room W/ Rich Hardwood Flooring W/ Direct Open-Concept Flow To Kitchen * Gourmet Chef's Kitchen Featuring Premium Vicostone Vivolioro Quartz With An Oversized Island W/ Breakfast Bar Seating * Farmhouse Sink, Six Gas Burner Range * Stainless Steel Whirlpool French Door Fridge * S/S Dishwasher And Microwave * Expansive Breakfast Area w/ B/I Quartez Countertops for Coffee Stations and Built-In Servery W/ Beverage Cooler * W/O To Double Tiered Deck * Inviting Family Room W/ Dark Hardwood Floors, Corner Gas Fireplace W/ Custom Stone Surround & Walk-Out To Backyard Deck * Massive Primary Bedroom W/ Hardwood Floors, Sitting Area, Bow & Half-Moon Windows W/ California Shutters & W/I Closet * 5 PC Spa-Like Primary Ensuite W/ Dual Sink Vanity, Deep Soaker Tub, Frameless Glass Shower & California Shutters * Spacious Bedrooms * Fully Finished Walk-Out Basement W/ Laminate Flooring, Double Frosted Barn Doors, Sprawling Gym/Rec Area, Built-In Cabinetry, 5th Bedroom, Above-Grade Windows & Modern 3PC Bath W/ Glass Shower & Pool View Window * Backyard Oasis Featuring Expansive Double-Tiered Deck W/ Scenic Outdoor Views, BBQ/Dining Area, Covered Lower Patio & Walk-Out Access To Backyard + Heated Salt Water Inground Pool W/ Interlock, Armor Stone Landscaping & Full Privacy Fencing * Steps Away from Top Tier Schools, Upper Canada Mall, Parks, Trails, Go Transit & More *
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14082912
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 44 × 111 ft
- Cross streets
- Yonge St & Savage Rd
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $8,335 / 2026
- Days on market
- 4
- Listing brokerage
- HOMELIFE EAGLE REALTY INC.
Rooms
hardwood floor · picture window · open concept
laminate · open concept · pot lights
hardwood floor · double closet · window
hardwood floor · double closet · window
hardwood floor · bay window · pot lights
laminate · w/o to patio · pot lights
hardwood floor · double closet · pot lights
hardwood floor · b/i closet · window
hardwood floor · centre island · stainless steel appl
tile floor · laundry sink · b/i shelves
laminate · open concept · pot lights
hardwood floor · walk-in closet(s) · 5 pc ensuite
hardwood floor · b/i closet · pot lights
hardwood floor · double closet · pot lights
hardwood floor · centre island · stainless steel appl
hardwood floor · walk-in closet(s) · 5 pc ensuite
hardwood floor · bay window · pot lights
hardwood floor · breakfast bar · w/o to deck
laminate · pot lights · combined w/family
hardwood floor · gas fireplace · w/o to deck
laminate · 3 pc ensuite · large window
hardwood floor · picture window · open concept
laminate · pot lights · w/o to yard
hardwood floor · gas fireplace · w/o to balcony
hardwood floor · w/o to balcony · breakfast bar
Listed at $1,400,000, about 3% below our estimate of $1.45M (homes like it typically land between $1.36M and $1.52M).
Why $1.45M. The typical detached home sold in Armitage over the past year went for about $1.24M (21 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $8,335 a year; the typical home sold here pays about $6,500.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Fair value about $1.45M, learned from recent GTA sales.
The market behind the math:
About 6 months of inventory: 6 detached homes for sale in the area against 3 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $509/sqft against an area asking average of $478/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. Basements do rent in Armitage: 11 of the 46 detached leases here lately were basement units, around $1,990 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.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
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 29 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.40M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
Based on 29 comparable homes that sold in Armitage over the past two years, from 31 closings there.
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 $485/sqft; this home lists at $509/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 detached homes in Newmarket: $1.04M in September 2026, up 1% from a year ago, on 532 closings in 12 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 | $1.08M | 46 |
| November 2025 | $1.05M | 34 |
| December 2025 | $1.10M | 29 |
| January 2026 | $1.03M | 27 |
| February 2026 | $1.08M | 31 |
| March 2026 | $1.10M | 41 |
| April 2026 | $1.08M | 51 |
| May 2026 | $1.16M | 66 |
| June 2026 | $1.13M | 60 |
| July 2026 | $1.06M | 54 |
| August 2026 | $1.09M | 55 |
| September 2026 | $1.04M | 38 |
Neighbourhood & location
Armitage, 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 20, 2026); conventional rates run a little higher.
Mortgage amount $1,120,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,193
- Property tax
- $695
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,887
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,475
- Estimated closing costs
- $24,475
Plus your down payment of $280,000. 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
- $371,560
- Principal paid down
- $136,843
- Interest paid
- $234,717
- Balance remaining
- $983,157
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 Armitage (11 of 46 recent detached leases were basement units, around $1,990 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,990 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 14 whole-home leases in Armitage signed at a median of $3,773 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,869. 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 HOMELIFE EAGLE REALTY INC.. MLS®/PropTx.