253 Silverbirch Drive, Newmarket

$850,000
253 Silverbirch Drive

$850,000

New
8d
DetachedBungalow

253 Silverbirch Drive, Newmarket

Total Monthly Obligation $4,179

Beds
5
Baths
2
Park
6
Sqft
700-1100
DOM
8d
Score
17
Yield
4.2%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Detached
MLS® Number-N14083488
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-50 × 104 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,504 (2026)
Parking-6 - None
Basement-Apartment, Finished, Separate Entrance, Walk-Up
Heating-Forced Air (Electric)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Bristol-London
Title-Residential Freehold

No agent assigned

Welcome to 253 Silverbirch Drive! A fantastic opportunity to own a detached home with a VACANT, LEGAL two-bedroom basement apartment on a quiet, established street in Newmarket! Offering 3 bedrooms and a full bathroom on the main level, plus a fully separate 2-bedroom, 1-bathroom basement apartment, this home offers the flexibility to accommodate extended family, generate rental income, or simply enjoy additional living space. The basement apartment features its own private side entrance off the driveway, and both units have their own laundry facilities for added convenience and independence. Best of all, the apartment is currently vacant, allowing buyers the opportunity to select their own tenants or make use of the space themselves! Outside, the recently paved driveway offers parking for up to 6 vehicles. Many of the big-ticket improvements have already been taken care of, including a re-shingled roof (2021), new furnace, air conditioning and hot water heater (2022), upgraded attic insulation and basement windows (2023), and driveway paving (2025). Freshly painted with new kitchen flooring in 2026, this home is ready for its next chapter. Move in and enjoy it as it is, or bring your own style and cosmetic updates over time, knowing that many of the important improvements have already been completed. Located in a quiet, established neighbourhood close to schools, parks, shopping and everyday amenities, this property offers a wonderful combination of practical living, income potential and room to make it your own. A great opportunity for homeowners and investors alike!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$680,000
Land Transfer Taxes$13,475
Legal Fees (Est.)
$
Total cash required for closing$184,975

Total Monthly Obligation

$4,179/mo
Mortgage $3,429
Monthly Loss $3,277
Principal$902
Interest$2,526
Property Tax$375
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$35,604/yr
NOI
$23,040/yr
Net Cash Flow
-$1,509/mo
Cash Margin
-50.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
20.3/ 100

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

Comparables

Properties near 253 Silverbirch Drive

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.