214 Lancaster Avenue, Newmarket

$978,800
214 Lancaster Avenue

$978,800

New
23d
Detached2-Storey

214 Lancaster Avenue, Newmarket

Total Monthly Obligation $4,797

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
23d
Score
18
Yield
4.6%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-N13847736
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-50.18 × 110.07 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$5,683.51 (2026)
Parking-5.5 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Wood
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-TBA
Neighbourhood-Bristol-London
Title-Residential Freehold

No agent assigned

Location! On a quiet crescent! Walking distance to shopping and public transit. Welcome to this well-loved three-plus-one-bedroom home on one of the premium lots in the neighbourhood. This exceptional all brick home is family-ready with a playset, trampoline and a fenced yard for the children while the parents sit under the pergola with their morning coffee overlooking the trees. The entrance is bright and open, featuring a large, convenient front hall closet. The open concept formal Living and combined Dining room is highlighted by a large bay window to the generous front yard and a large window to the private back yard. A spacious kitchen offers plenty of room in the eat-in area for family meals. Walk past the powder room to the private family room complete with woodburning fireplace and sliding door to the backyard completes the main floor layout. The upper floor features three generous bedrooms and a 5 pc family bathroom. The lower level features a recreation or play room where you can relax, an additional office, and a three-piece washroom with an adjoining sauna. The lower-level laundry room has plenty of space to hang your laundry and utilize the freezer. There are spacious storage rooms for all those extras. The garage was built as a two car garage but the current owners extended the front hall closet, reducing its size. It can be changed back to the original size. Be sure to book a showing and make this your next home.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$783,040
Land Transfer Taxes$16,051
Legal Fees (Est.)
$
Total cash required for closing$213,311

Total Monthly Obligation

$4,797/mo
Mortgage $3,948
Monthly Loss $3,758
Principal$1,039
Interest$2,909
Property Tax$474
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.1%29
10-Year IRR
9.8%
Returns Index
15.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$44,556/yr
NOI
$29,917/yr
Net Cash Flow
-$1,455/mo
Cash Margin
-39.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
19.0/ 100

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

Comparables

Properties near 214 Lancaster Avenue

Time

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