434 Ritas Avenue, Newmarket

$1,149,000
434 Ritas Avenue

$1,149,000

New
21d
Detached2-Storey

434 Ritas Avenue, Newmarket

Total Monthly Obligation $5,514

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
21d
Score
16
Yield
3.8%
Cash on Cash
-7.2%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.2%
Property Type-Detached
MLS® Number-N13853288
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-29.59 × 111.94 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$6,056.51 (2026)
Parking-3 - Attached
Basement-Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK YORK GROUP REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-30 Days / TBA
Neighbourhood-Summerhill Estates
Title-Residential Freehold

No agent assigned

Welcome to 434 Rita's Ave., a beautifully upgraded detached home in Newmarket's sought-after Summerhill Estates that blends builder craftsmanship with thoughtful personal touches. Built by New Era Homes as The Kent, Elevation B, this freehold home offers 1,960 sq. ft. with 4 bedrooms, 3 baths, and a single-car garage, welcoming you home via a fully stone-paved interlocking driveway. The main floor shines with smooth ceilings and pot lights that create a crisp, modern glow throughout, while the open-concept kitchen shines with a large island, upgraded tile, under-cabinet lighting, extra-thick quartz counters, a high-end induction stove, and a high-CFM range hood. Main-floor laundry adds everyday ease. Upstairs, Hardwood flooring runs throughout, complemented by a primary ensuite that offers a sleek glass shower, while the unfinished basement is a blank canvas for your vision with two upgraded windows for extra natural light and rough-in for a 3-piece washroom. Modern conveniences include keyless PIN code entry, a new high-efficiency furnace and blower, full-home humidifier, and a NEMA 14-50, 50-amp EV outlet in the garage means EV owners can simply plug in and go. Out back, a spacious 16'x20' composite deck offers low-maintenance outdoor living perfect for summer evenings and hosting. This home sits in one of York Region's most desirable communities that balances suburban privacy while you'll enjoy Newmarket's excellent schools, trails, parks, and vibrant Main Street, with easy access to Yonge Street and GTA commuter routes. Amongst all amenities, the new Mulock Park, which will be open on September 18, within a short walking distance, is a special highlight that offers space for active exploration, a peaceful retreat, and an opportunity to inspire and be inspired by the arts! Thoughtfully upgraded and meticulously maintained since 2021, this home is ready for its next chapter.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$919,200
Land Transfer Taxes$19,455
Legal Fees (Est.)
$
Total cash required for closing$250,755

Total Monthly Obligation

$5,514/mo
Mortgage $4,635
Monthly Loss $4,295
Principal$1,220
Interest$3,415
Property Tax$505
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.1%19
10-Year IRR
8.3%
Returns Index
10.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$43,800/yr
NOI
$28,863/yr
Net Cash Flow
-$2,229/mo
Cash Margin
-61.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo27
Risk Index
16.8/ 100

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

Comparables

Properties near 434 Ritas Avenue

Time

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