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Listed 1 year ago

238 Lorne Avenue

Central Newmarket, Newmarket

$878,000

Detached|1 1/2 Storey
3 | 2 | 5
About this home

Charming Brick Story-and-a-Half in Central Newmarket. Welcome to this adorable 3-bedroom home on a rare 83 x 104 ft corner lot in a prime central location. Just steps from Main Street Newmarket with its shops, restaurants, farmers market, and Riverwalk Commons, this home offers convenience and charm. Inside, you'll find two cozy bedrooms upstairs, plus flexible main floor living. The original main floor family room is currently being used as the primary, there is also a spacious office or flex space, and a large kitchen with separate breakfast area plus a spacious family room addition off the back which originally was the main floor primary. Step outside from the mudroom to the private backyard with a hot tub, large patio with awning all surrounded by mature trees for relaxation and entertaining. The finished basement expands your living space with a 3-piece bath, a large laundry room, a functional rec room, and plenty of storage. A detached oversized garage provides ample parking and workshop potential. With its character, versatility, and unbeatable location, this property is the perfect opportunity to make Newmarket's vibrant core your home.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,797
Lot Size83.5 ft x 103.62 ft
mls© NumberN12392488
Listed ByROYAL LEPAGE YOUR COMMUNITY REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,494
Property tax
$400
Heat allowance
$150
Housing costs
$5,044 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $175,600
25-yr amortization

Income needed

$155,000

gross annual household income

Payment at 4%
$3,695 / mo
Cash down
$175,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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