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374 PENN AVENUE, Newmarket (Bristol-London) — listed at $2,199,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
***Development Opportunity*** In the Heart of Newmarket! Welcome to 374 Penn Dr, an exciting opportunity for builders, developers and investors looking for a property with outstanding future potential in a highly desirable location. Location is a key highlight-just a 5-minute walk to Newmarket's popular Main Street, offering an excellent selection of restaurants, cafes, shops and local amenities. Enjoy being approximately a 5-minute walk from the conservation area, scenic walking trails and dog park, as well as convenient access to trails, busses and South lake Regional Health Centre on Davis Drive, school, Upper Canada Mall, 5 minute walk to go station, and train ride is 25 minutes to Downtown Toronto. With this prime location, excellent accessibility and proximity to some of Newmarket's most sought-after amenities, this property presents an exceptional opportunity to invest, develop or hold for the future. Buyer and buyer's agent to conduct their own due diligence regarding zoning, permitted uses, development potential and municipal approvals. A rare opportunity in an outstanding Newmarket location! (id:60164)
Is 374 PENN AVENUE a good fit for a growing family?+
With 4 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,920, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
The listing describes the basement as: Separate entrance, Walk-up, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Could this work as an investment property?+
The basement description mentions: Separate entrance, Walk-up, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Newmarket (Bristol-London) before counting on it.
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