591 Plantation Gate, Newmarket

$1,049,900
591 Plantation Gate

$1,049,900

New
2d
Detached2-Storey

591 Plantation Gate, Newmarket

Total Monthly Obligation $5,149

Beds
4
Baths
3
Park
2
Sqft
2500-3000
DOM
2d
Score
16
Yield
3.9%
Cash on Cash
-7.2%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.1%
Property Type-Detached
MLS® Number-N14102774
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-39.59 × 109.28 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$6,464 (2025)
Parking-4 - Built-In
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Stone
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Summerhill Estates
Title-Residential Freehold

No agent assigned

Former model home in Summerhill Estates. This 4-bedroom detached two-storey offers over 2,700 square feet above grade on a landscaped, fenced 39x109 foot lot in one of Newmarket's most established family neighbourhoods. The layout works for both everyday family life and entertaining. The eat-in kitchen walks out to the patio and overlooks a hardwood family room, and main-floor laundry with direct garage access keeps the day-to-day easy. Pot lighting and crown moulding run through the main level, and a skylight above the circular staircase fills the home with natural light. Upstairs, four generous bedrooms include an oversized primary retreat, 18'8" 16'1", with a walk-in closet and 4-piece ensuite. Here's what sets this one apart: two separate staircases reach the unfinished lower level, one straight from the garage, with a rough-in bath already in place. That's clear in-law suite potential for a buyer who needs multigenerational space. Move-in ready, with the big-ticket items already done - furnace, tankless water heater, and shingles all about six years old, plus a 200-amp panel. Walk to Mulock Park, with quick access to transit, schools, highways, and Main Street amenities.

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

Closing Costs

Mortgage Amount
$839,920
Land Transfer Taxes$17,473
Legal Fees (Est.)
$
Total cash required for closing$228,953

Total Monthly Obligation

$5,149/mo
Mortgage $4,235
Monthly Loss $4,034
Principal$1,114
Interest$3,121
Property Tax$539
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
6.9%18
10-Year IRR
8.2%
Returns Index
10.3/ 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
$41,028/yr
NOI
$25,961/yr
Net Cash Flow
-$2,072/mo
Cash Margin
-60.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
17.4/ 100

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

Comparables

Properties near 591 Plantation Gate

Time

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