56 Millard Ave

FOR SALE
$1,165,000
56 Millard Ave, Newmarket
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
56 Millard Ave
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3 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
5 + 4
ROOMS
N9245734
MLSID
Contact Us
Property Description
Spacious raised bungalow in Newmarket with 2 legal apartments. 3 bedrooms upstairs, 2 bedrooms downstairs. Perfectly suited for both investors and end-users, this property offers an excellent opportunity to generate rental income while enjoying the benefits of a spacious and well-designed home. Fully renovated from top to bottom,and exterior, The main floor has an open-concept layout, a bright kitchen with a walk-out to the deck, and ample natural light. Self-contained lower-level apartment with separate entrance and laundry. Prime location minutes from Yonge and upper canada mall near schools, parks, and amenities. Easy access to highways and public transportation. Generate rental income while enjoying the comfort of the main living space. Don't miss this versatile opportunity.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-03-17 2023-03-22 5 $2,000 - Suspended
Extras
6 parking spot, new asphalt driveway, water proofed entire basement, 2 stage heating and cooling system for each unit, tankless water heater, stainless steel appliances,
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit, Rec Centre, School
Property Details
Property Type
Detached, Bungalow-Raised
Lot Size
60' x 125'
Acreage
< .50
Fronting
South
Taxes
$4,142 (2023)
Basement
Sep Entrance, Walk-Up
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
Newmarket Market Statistics
Newmarket Price Trend
56 Millard Ave is a 3-bedroom 3-bathroom home listed for sale at $1,165,000, which is $147,148 (14.5%) higher than the average sold price of $1,017,852 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 3 bedroom home in Newmarket declined by $8,148 (0.8%) compared to the previous 30 day period (July 17 - August 15) and down $71,189 (6.5%) from the same time one year ago.
Inventory Change
There were 49 3-bedroom homes listed in Newmarket over the last 30 days (August 16 - September 14), which is down 7.5% compared with the previous 30 day period (July 17 - August 15) and up 2.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Newmarket typically sold ($6,061) (0.6%) below asking price over the last 30 days (August 16 - September 14), which represents a $25,467 increase compared to the previous 30 day period (July 17 - August 15) and $12,294 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Newmarket over the last 30 days (August 16 - September 14) stood at 69.4%, up from 52.8% over the previous 30 days (July 17 - August 15) and down from 100.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Newmarket stood at 20 days when successfully sold over the last 30 days (August 16 - September 14), compared to 42 days before being removed from the market upon being suspended or terminated.
Listing contracted with Lsg Realty Inc.
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