374 Penn Avenue, Newmarket

$2,199,000
374 Penn Avenue

$2,199,000

New
17d
Detached1 1/2 Storey

374 Penn Avenue, Newmarket

Total Monthly Obligation $9,655

HausQ Valuation Report
Beds
4
Baths
3
Park
9
Sqft
1100-1500
DOM
17d
Score
13
Yield
1.5%
Cash on Cash
-16.1%
Cap Rate
1.1%
5Y IRR
3.1%
10Y IRR
5.1%
Property Type-Detached
MLS® Number-N13868110
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-69.42 × 261.96 ft
Listed on site-Oct 6, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$4,920 (2026)
Parking-9 - None
Basement-Separate Entrance, Walk-Up
Heating-Forced Air (Gas)
Brokerage-REMAX YOUR COMMUNITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Bristol-London
Title-Residential Freehold

No agent assigned

***Development Opportunity*** In the Heart of Newmarket! Welcome to 374 Penn Dr, an exciting opportunity for builders, developers and investors looking for a property with outstanding future potential in a highly desirable location. Location is a key highlight-just a 5-minute walk to Newmarket's popular Main Street, offering an excellent selection of restaurants, cafes, shops and local amenities. Enjoy being approximately a 5-minute walk from the conservation area, scenic walking trails and dog park, as well as convenient access to trails, busses and South lake Regional Health Centre on Davis Drive, school, Upper Canada Mall, 5 minute walk to go station, and train ride is 25 minutes to Downtown Toronto. With this prime location, excellent accessibility and proximity to some of Newmarket's most sought-after amenities, this property presents an exceptional opportunity to invest, develop or hold for the future. Buyer and buyer's agent to conduct their own due diligence regarding zoning, permitted uses, development potential and municipal approvals. A rare opportunity in an outstanding Newmarket location!

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Closing Costs

Mortgage Amount
$1,759,200
Land Transfer Taxes$41,450
Legal Fees (Est.)
$
Total cash required for closing$482,750

Total Monthly Obligation

$9,655/mo
Mortgage $8,870
Monthly Loss $7,321
Principal$2,334
Interest$6,536
Property Tax$410
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
0.9%7
Cash-on-Cash
-18.4%0
5-Year IRR
1.2%4
10-Year IRR
3.8%
Returns Index
3.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 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
$32,100/yr
NOI
$19,470/yr
Net Cash Flow
-$7,248/mo
Cash Margin
-270.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.181
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo17
Risk Index
12.2/ 100

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

Comparables

Properties near 374 Penn 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.