388 Eagle Street, Newmarket

$1,150,000
388 Eagle Street

$1,150,000

New
27d
DetachedBungalow

388 Eagle Street, Newmarket

Total Monthly Obligation $5,453

Beds
4
Baths
2
Park
4
Sqft
700-1100
DOM
27d
Score
15
Yield
3.1%
Cash on Cash
-10.1%
Cap Rate
2.4%
5Y IRR
7.7%
10Y IRR
8.4%
Property Type-Detached
MLS® Number-N13831652
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-80 × 140 ft
Listed on site-Sep 26, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,269 (2026)
Parking-5 - Detached
Basement-Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Jazz INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding, Stone
Roof-Metal
Foundation-Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Central Newmarket
Title-Residential Freehold

No agent assigned

Rarely Offered Premium 80' X 140' In town Lot, Detached Home Located In Heart Of Central Newmarket. This Spacious Detached Bungalow Is Steps Away From Downtown/Fairy Lake And Sits On A Generous Sized Lot! Has Been Designed For Multiple Units With A Separate Basement Entrance! Beautiful Engineered Hardwood Plank Floors Throughout Main Level. Custom Kitchen With Quartz Counters And Backsplash plus a Undermount Farmers Sink. Fantastic Primary Bedroom Ensuite With Stand Up Shower. South View Dining Rm Lookout To Huge Backyard. 2+2 Great Size Bdrm, 2 Full Bthrm, 1+1 Kitchens W/ Large Window, Quartz Counter Tops & Backsplash. Lower Level Features An Oversized Lower Primary Room and a Custom Ensuite Bath And Bright Above Grade Windows! Outstanding Dream Lot With Incredible Development Potential. Wrap Around Rear Deck Provides Privacy To Overlook The Beautiful Backyard With Mature Trees. Single Car Grg+4-Car Driveway. Huge Backyard. A Quick Walk Takes You Downtown To Enjoy The Shops And Restaurants. Close Proximity To Many Walking And Or Bike Trails Around Nearby Fairy Lake. Close to Main Street Shopping & Restaurants, Go Train Station & Public Transit, Gorman Pool, Fairy Lake Park & other great amenities/services, Downtown Newmarket is an idyllic location for those with an active lifestyle to call home. Located Just Steps From Historic Main Street Newmarket, Hospitals, Top-Rated Schools, Southlake Regional Health Centre, Upper Canada Mall, & Major Highways (404 & 400). Combines Walkability, Transit Convenience, And Long-Term Growth Potential. Whether You Enjoy Playing Golf, Shopping, or Visiting Local Restaurants, There's Something To Find For Everyone. Investment Property Situated In The Much Sought-After Heart Of Newmarket.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$920,000
Land Transfer Taxes$19,475
Legal Fees (Est.)
$
Total cash required for closing$250,975

Total Monthly Obligation

$5,453/mo
Mortgage $4,639
Monthly Loss $4,232
Principal$1,221
Interest$3,418
Property Tax$439
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.9%12
Cash-on-Cash
-13.5%0
5-Year IRR
5.0%11
10-Year IRR
6.7%
Returns Index
6.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$35,532/yr
NOI
$22,210/yr
Net Cash Flow
-$2,788/mo
Cash Margin
-94.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.403
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo27
Risk Index
16.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 388 Eagle Street

Time

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