56 Millard Ave
Central Newmarket, Newmarket, L3Y 1Y8
FOR SALE
$1,165,000
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3 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS5 + 4
ROOMSN9508696
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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.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-03-17 | 2023-03-22 | 5 | $2,000 | - | Suspended |
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
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
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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 $193,758 (19.9%) higher than the average sold price of $971,242 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Newmarket declined by $31,339 (3.1%) compared to the previous 30 day period (September 21 - October 20) and up $70,042 (7.8%) from the same time one year ago.Inventory Change
There were 43 3-bedroom homes listed in Newmarket over the last 30 days (October 21 - November 19), which is down 23.2% compared with the previous 30 day period (September 21 - October 20) and down 12.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Newmarket typically sold ($12,878) (1.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $609 increase compared to the previous 30 day period (September 21 - October 20) and $4,729 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 (October 21 - November 19) stood at 76.7%, up from 57.1% over the previous 30 days (September 21 - October 20) and up from 30.6% 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 29 days when successfully sold over the last 30 days (October 21 - November 19), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Lsg Realty Inc.
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