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New15 hours ago

253 Silverbirch Drive

Bristol-London, Newmarket

$850,000

Detached|Bungalow
3 | 2 | 6
About this home

Welcome to 253 Silverbirch Drive! A fantastic opportunity to own a detached home with a VACANT, LEGAL two-bedroom basement apartment on a quiet, established street in Newmarket! Offering 3 bedrooms and a full bathroom on the main level, plus a fully separate 2-bedroom, 1-bathroom basement apartment, this home offers the flexibility to accommodate extended family, generate rental income, or simply enjoy additional living space. The basement apartment features its own private side entrance off the driveway, and both units have their own laundry facilities for added convenience and independence. Best of all, the apartment is currently vacant, allowing buyers the opportunity to select their own tenants or make use of the space themselves! Outside, the recently paved driveway offers parking for up to 6 vehicles. Many of the big-ticket improvements have already been taken care of, including a re-shingled roof (2021), new furnace, air conditioning and hot water heater (2022), upgraded attic insulation and basement windows (2023), and driveway paving (2025). Freshly painted with new kitchen flooring in 2026, this home is ready for its next chapter. Move in and enjoy it as it is, or bring your own style and cosmetic updates over time, knowing that many of the important improvements have already been completed. Located in a quiet, established neighbourhood close to schools, parks, shopping and everyday amenities, this property offers a wonderful combination of practical living, income potential and room to make it your own. A great opportunity for homeowners and investors alike!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,504
Lot Size50 ft x 104 ft
mls© NumberN14083488
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$4,351
Property tax
$375
Heat allowance
$150
Housing costs
$4,876 / mo

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

Down payment20% · $170,000
25-yr amortization

Income needed

$150,000

gross annual household income

Payment at 4%
$3,577 / mo
Cash down
$170,000

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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