408-270 Davis Drive, Newmarket, ON

Central Newmarket, Newmarket · MLS® N14096754

$495,000
For Sale
Just listed todayNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
900-999Sq ft

About this home

In short

  • Enjoy comfortable, convenient living in this bright and spacious 2-Primary bedroom (full Ensuites) condo featuring abundant natural light and impressive...
  • Additional upgrades include updated bathrooms with modern showers and vanities, plus a newer furnace and washer/dryer.
  • Enjoy an exceptional selection of amenities, including a lap pool, hot tub, sauna, exercise room, recreation room, library.
  • Conveniently located close to shopping, public transit, the GO Train, and the charm of historic downtown Newmarket, this condo offers the perfect blend of comfort...

Enjoy comfortable, convenient living in this bright and spacious 2-Primary bedroom (full Ensuites) condo featuring abundant natural light and impressive floor-to-ceiling windows. Thoughtfully updated throughout, this inviting home boasts a refreshed kitchen with quartz countertops, stylish backsplash, breakfast bar, and laminate flooring. Additional upgrades include updated bathrooms with modern showers and vanities, plus a newer furnace and washer/dryer. Generous walk-in closets provide excellent storage.Enjoy an exceptional selection of amenities, including a lap pool, hot tub, sauna, exercise room, recreation room, library. Ideally suited for first-time buyers, young families, downsizers, or retirees seeking a comfortable, low-maintenance lifestyle.Conveniently located close to shopping, public transit, the GO Train, and the charm of historic downtown Newmarket, this condo offers the perfect blend of comfort, convenience, and lifestyle.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N14096754
Bedrooms
2
Bathrooms
2
Size
900-999 sq ft
Cross streets
Davis Dr/Lorne
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Concrete
Maintenance
$760/mo
Exposure
East
Property tax
$2,291 / 2025
Listing brokerage
KELLER WILLIAMS REALTY CENTRES

Rooms

Primary BedroomMain4.31 × 3.05 m

laminate · 3 pc ensuite · walk-in closet(s)

Bedroom 2Main4.38 × 3.03 m

laminate · closet · 4 pc ensuite

LaundryMain1.00 × 1.00 m

Laminate

KitchenMain3.14 × 2.58 m

quartz counter · breakfast bar · undermount sink

Dining RoomMain3.51 × 3.34 m

laminate · open concept · combined w/dining

Living RoomMain3.54 × 3.35 m

laminate · open concept · picture window

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

Considering this property? Request a written price read

Neighbourhood & location

Central Newmarket, Newmarket, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$2,256/mo
$110KIncome needed
4.5×Price ÷ income
$521Weekly cost
$6,375Land 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.

70%mortgage
Mortgage $2,256Property tax $191Condo fee $760Total carry $3,207

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,190per month

Mortgage amount $396,000 · 4.49% over 25 years

$99,000Down payment (20.0%)
$396,000Loan before insurance
$0CMHC premium
$3,140Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,190
Property tax
$191
Condo / maintenance fees
$760
Heating
$0
Estimated monthly cost
$3,140

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

One-time closing costs

Ontario land transfer tax
$6,375
Estimated closing costs
$6,375

Plus your down payment of $99,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,650/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

$260,866Total interest paid
$656,866Total of all payments
Principal $396,000 Interest $260,866
YearPrincipalInterestBalance
1$8,837$17,438$387,163
2$9,238$17,036$377,925
3$9,658$16,617$368,267
4$10,096$16,178$358,171
5$10,555$15,720$347,616
6$11,034$15,241$336,582
7$11,535$14,740$325,047
8$12,059$14,216$312,989
9$12,606$13,669$300,383
10$13,178$13,096$287,204
11$13,777$12,498$273,428
12$14,402$11,872$259,025
13$15,056$11,218$243,969
14$15,740$10,535$228,229
15$16,455$9,820$211,775
16$17,202$9,073$194,573
17$17,983$8,292$176,590
18$18,799$7,476$157,791
19$19,653$6,622$138,139
20$20,545$5,730$117,594
21$21,478$4,797$96,116
22$22,453$3,822$73,663
23$23,472$2,802$50,190
24$24,538$1,736$25,652
25$25,652$622$0

At the end of your 5-year term

Total paid over the term
$131,373
Principal paid down
$48,384
Interest paid
$82,989
Balance remaining
$347,616

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$3,050/mo
$36,600Gross annual rent
4.2%Cap rate after taxes and upkeep

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.

7.4%
Gross yield
− Property tax $2,291− Condo fees $9,122− Insurance $600− Vacancy & upkeep $4,026Net operating income $20,561

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS REALTY CENTRES. MLS®/PropTx.

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