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New19 hours ago

65 Millard Avenue

Central Newmarket, Newmarket

$849,900

Detached|Bungalow
2 | 2 | 6
About this home

Opportunity knocks in the heart of Newmarket. This 1955 detached bungalow sits on a 59-foot-wide lot and is set up as two self-contained units, ideal for owner-occupiers who want help with the mortgage, multi-generational families and investors alike. The upper level offers 2 bedrooms, with a large primary suite featuring a walk-in closet and ensuite bath, a kitchen remodelled in 2020, a spacious main bath, a rear sunroom addition and private laundry in a private lower level storage/utility space. The lower level unit has its own private entrance, 1 bedroom, updated bathroom, large above-grade windows and private laundry. The standout at this property is the large detached double-car garage (Tandem) with its own gas furnace, which makes for an ideal workshop, gym, or hobby space few neighbouring homes can match. A 200-amp main panel plus 100-amp subpanel, central air (condenser 2025) and a 2024 roof round out the updates. Set in a Major Transit Station Area, a short stroll to Yonge Street, Upper Canada Mall, Old Newmarket, Fairy Lake, schools, parks and the GO station. Walk to some of Newmarket's Fav events, like Summer Concert Series, Farmers market + much more. Lower level Tenants in place; showings by appointment with notice.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,903
Lot Size59.27 ft x 120 ft
mls© NumberN14101144
Listed ByCOLDWELL BANKER THE REAL ESTATE CENTRE

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%
$4,350
Property tax
$492
Heat allowance
$150
Housing costs
$4,992 / mo

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

Down payment20% · $169,980
25-yr amortization

Income needed

$154,000

gross annual household income

Payment at 4%
$3,577 / mo
Cash down
$169,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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