255 Savage Road, Newmarket

$1,400,000
255 Savage Road

$1,400,000

New
8d
Detached2-Storey

255 Savage Road, Newmarket

Total Monthly Obligation $6,717

Beds
5
Baths
4
Park
2
Sqft
2500-3000
DOM
8d
Score
15
Yield
3.4%
Cash on Cash
-9.4%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.8%
Property Type-Detached
MLS® Number-N14082912
Beds-5
Bathrooms-4
Size-2500-3000 sqft
Lot Size-44 × 111 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Taxes-$8,335 (2026)
Parking-4 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-HOMELIFE EAGLE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Inground
Facing-East
Exterior-Brick
Roof-Shingles
Foundation-Brick
Sewer-Sewer
Possession-TBA
Neighbourhood-Armitage
Title-Residential Freehold

No agent assigned

Perfect 4+1 Bedrooms & 4 Baths Detached Home * Newly Top to Bottom Renovated * Premium 44 x111 Ft Lot * Professionally Landscaped Front Yard W/ Lush Gardens * Grand Custom Double Front Entry Doors W Lead-Glass Inserts * Modern Black-Framed Windows W/ Matching Dark Exterior Trim * Sun-Filled & Open Concept Living Room W/ Elegant Dark Hardwood Floors, Large Bay Window w/ Crown Moulding Around Them and Pot Lights * Grand Formal Dining Room W/ Rich Hardwood Flooring W/ Direct Open-Concept Flow To Kitchen * Gourmet Chef's Kitchen Featuring Premium Vicostone Vivolioro Quartz With An Oversized Island W/ Breakfast Bar Seating * Farmhouse Sink, Six Gas Burner Range * Stainless Steel Whirlpool French Door Fridge * S/S Dishwasher And Microwave * Expansive Breakfast Area w/ B/I Quartez Countertops for Coffee Stations and Built-In Servery W/ Beverage Cooler * W/O To Double Tiered Deck * Inviting Family Room W/ Dark Hardwood Floors, Corner Gas Fireplace W/ Custom Stone Surround & Walk-Out To Backyard Deck * Massive Primary Bedroom W/ Hardwood Floors, Sitting Area, Bow & Half-Moon Windows W/ California Shutters & W/I Closet * 5 PC Spa-Like Primary Ensuite W/ Dual Sink Vanity, Deep Soaker Tub, Frameless Glass Shower & California Shutters * Spacious Bedrooms * Fully Finished Walk-Out Basement W/ Laminate Flooring, Double Frosted Barn Doors, Sprawling Gym/Rec Area, Built-In Cabinetry, 5th Bedroom, Above-Grade Windows & Modern 3PC Bath W/ Glass Shower & Pool View Window * Backyard Oasis Featuring Expansive Double-Tiered Deck W/ Scenic Outdoor Views, BBQ/Dining Area, Covered Lower Patio & Walk-Out Access To Backyard + Heated Salt Water Inground Pool W/ Interlock, Armor Stone Landscaping & Full Privacy Fencing * Steps Away from Top Tier Schools, Upper Canada Mall, Parks, Trails, Go Transit & More *

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

Closing Costs

Mortgage Amount
$1,120,000
Land Transfer Taxes$24,475
Legal Fees (Est.)
$
Total cash required for closing$305,975

Total Monthly Obligation

$6,717/mo
Mortgage $5,647
Monthly Loss $5,231
Principal$1,486
Interest$4,161
Property Tax$695
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.7%0
5-Year IRR
5.6%13
10-Year IRR
7.2%
Returns Index
7.8/ 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
$47,064/yr
NOI
$29,523/yr
Net Cash Flow
-$3,187/mo
Cash Margin
-81.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
14.8/ 100

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

Comparables

Properties near 255 Savage Road

Time

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