403 Park Avenue, Newmarket

$1,099,999
403 Park Avenue

$1,099,999

New
14d
Duplex2-Storey

403 Park Avenue, Newmarket

Total Monthly Obligation $5,192

HausQ Valuation Report
Beds
4
Baths
2
Park
2
Sqft
2000-2500
DOM
14d
Score
15
Yield
2.9%
Cash on Cash
-10.6%
Cap Rate
2.3%
5Y IRR
7.3%
10Y IRR
8.2%
Property Type-Duplex
MLS® Number-N13883596
Beds-4
Bathrooms-2
Size-2000-2500 sqft
Lot Size-41.52 × 79.07 ft
Listed on site-Oct 9, 2026
Style-2-Storey
Building Type-Duplex
Age-100+
Taxes-$4,558.46 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Water (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-60 days +
Neighbourhood-Central Newmarket
Title-Residential Freehold

No agent assigned

Welcome to 403 Park Ave, a character-filled property in the heart of Central Newmarket, just steps from historic Main Street, Fairy Lake, parks, shops, restaurants and everyday amenities. This versatile property is currently configured as two separate living spaces, each with its own entrance, offering an excellent opportunity for investors, multi-generational families, or buyers looking to create a home that fits their needs.Featuring approximately 2,216 sq. ft. of living space with 4 bedrooms and 2 bathrooms, the home offers generous principal rooms, plenty of natural light and the charm and character you would expect from a property of this vintage. The flexible layout also provides the potential to reimagine the property as a spacious single-family home.Set on a mature lot in one of Newmarket's most established neighbourhoods, this is an opportunity to own a distinctive property in an exceptional downtown location with convenient access to transit, schools, recreation and all that Main Street Newmarket has to offer.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$879,999
Land Transfer Taxes$18,475
Legal Fees (Est.)
$
Total cash required for closing$239,975

Total Monthly Obligation

$5,192/mo
Mortgage $4,437
Monthly Loss $4,024
Principal$1,168
Interest$3,269
Property Tax$380
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.0%0
5-Year IRR
4.6%10
10-Year IRR
6.4%
Returns Index
6.2/ 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
$32,400/yr
NOI
$20,102/yr
Net Cash Flow
-$2,762/mo
Cash Margin
-102.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
16.7/ 100

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

Comparables

Properties near 403 Park Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.