62 Macedonia Court, Newmarket, ON
Summerhill Estates, Newmarket · MLS® N14084506
About this home
In short
- Tranquil Cul-de-Sac living with exceptional flexibility in Summerhill Estates tucked away on a quiet cul-de-sac in one of Newmarket's most established communities...
- Enjoy peaceful surroundings with ravine trails and a nearby lake just steps from the home, while remaining minutes from Yonge Street, Upper Canada Mall, GO Transit...
- Inside, the thoughtfully designed main level features 9-ft ceilings and hardwood floors throughout, creating a bright and welcoming atmosphere.
- A second-floor family room provides additional living space with the flexibility to be opened up and converted into an open-concept layout.
- The fully finished basement includes a full kitchen and full bathroom, offering excellent flexibility for extended family, guests, or adaptable living space as...
Tranquil Cul-de-Sac living with exceptional flexibility in Summerhill Estates tucked away on a quiet cul-de-sac in one of Newmarket's most established communities, this beautifully maintained 4-bedroom, 4-bath home offers the ideal balance of privacy, convenience, and everyday livability. Enjoy peaceful surroundings with ravine trails and a nearby lake just steps from the home, while remaining minutes from Yonge Street, Upper Canada Mall, GO Transit, parks, top-rated schools, and dining. Inside, the thoughtfully designed main level features 9-ft ceilings and hardwood floors throughout, creating a bright and welcoming atmosphere. The modern eat-in kitchen showcases granite countertops and stainless-steel appliances and flows seamlessly into spacious living and dining areas-well suited for both daily living and entertaining. A second-floor family room provides additional living space with the flexibility to be opened up and converted into an open-concept layout. Versatile in design, it can serve as a family retreat, home office, playroom, 4th bedroom, or additional entertaining space to suit your lifestyle and needs. The south-facing backyard offers all-day natural light and features a deck with gas BBQ hookup, perfect for outdoor enjoyment. All bathrooms have been updated, reflecting the care and attention invested throughout the home. The fully finished basement includes a full kitchen and full bathroom, offering excellent flexibility for extended family, guests, or adaptable living space as household needs evolve. Move-in ready and thoughtfully maintained, this home delivers meaningful space, versatility, and location-rarely found in such a quiet and well-connected setting.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14084506
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 33.2 × 99.5 ft
- Cross streets
- Yonge St. x Mulock Dr.
- Parking
- 2 garage · 4 parking (built-in)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,840 / 2025
- Listing brokerage
- AECORN REALTY INC.
Rooms
5 pc ensuite · hardwood floor · walk-in closet(s)
gas fireplace · large window · hardwood floor
stainless steel appl · granite counters · ceramic floor
Ceramic Floor
hardwood floor · closet · window
hardwood floor · crown moulding · large window
hardwood floor · crown moulding · large window
w/o to garage · ceramic floor
hardwood floor · closet · window
ceramic floor · w/o to deck · window
backsplash · open concept
laminate · above grade window
Listed at $1,185,000. Going by how homes in Summerhill Estates and the wider GTA have actually closed against their asking prices (about 98%, 14 local closings in 90 days), the likely sale price is near $1.15M, if it sells. A realistic range is $1.08M to $1.30M.
Independent value check: $1.08M. Without looking at the asking price, our model values the home itself about 9% below the ask (homes like it typically land between $1.01M and $1.13M).
Why $1.08M. The typical detached home sold in Summerhill Estates over the past year went for about $1.06M (49 sales). What sets this one apart:
- ▲ Raises it slightlyIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,500 to 2,000.
Total price vs nearby homes. Likely closing about $1.15M, from 14 recent closings in this pocket.
The market behind the math:
About 2.6 months of inventory: 12 detached homes for sale in the area against 14 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $527/sqft against an area asking average of $574/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. A premium that comparable-sales math under-prices, so read the estimate as a floor.
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 14 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.01M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($527/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 14 comparable homes that sold in Summerhill Estates over the past two years, from 95 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 $557/sqft; this home lists at $527/sqft. Size is part of the price story, not just the sticker.
The 3 closest 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
Summerhill Estates, 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 16, 2026); conventional rates run a little higher.
Mortgage amount $948,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,242
- Property tax
- $487
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,728
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,175
- Estimated closing costs
- $20,175
Plus your down payment of $237,000. 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
- $314,499
- Principal paid down
- $115,828
- Interest paid
- $198,671
- Balance remaining
- $832,172
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 numbersThe last 30 whole-home leases in Summerhill Estates signed at a median of $3,355 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,948. 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 AECORN REALTY INC.. MLS®/PropTx.