419 Millard Avenue, Newmarket

$465,000
419 Millard Avenue

$465,000

New
2d
Detached2-Storey

419 Millard Avenue, Newmarket

Total Monthly Obligation $2,543

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
700-1100
DOM
2d
Score
19
Yield
5.0%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-N14103682
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-48 × 82.5 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,504 (2025)
Parking-2 - Detached
Basement-Partial Basement
Heating-Forced Air (Gas)
Brokerage-RE/MAX ACE REALTY INC.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding, Wood
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Central Newmarket
Title-Residential Freehold

No agent assigned

**Attention Investors, Renovators & Builders!** Opportunity to own a detached 2-storey home in the established Central Newmarket neighbourhood. Situated on a corner lot, this vacant property offers 2 bedrooms, 2 bathrooms, an unfinished partial basement and a detached garage. Conveniently located near Historic Main Street, Fairy Lake, parks, schools, shopping, restaurants and local amenities. **Property is being sold strictly in "As-Is, Where-Is" condition** and requires substantial repairs and renovations, Not currently move-in ready. Ideal for experienced buyers prepared to undertake extensive improvements, subject to municipal approvals where applicable. Buyers are encouraged to conduct their own due diligence regarding property condition, repairs, permits and intended use. An opportunity to restore or reimagine this property in a mature Newmarket community.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$372,000
Land Transfer Taxes$5,775
Legal Fees (Est.)
$
Total cash required for closing$100,275

Total Monthly Obligation

$2,543/mo
Mortgage $1,876
Monthly Loss $2,049
Principal$494
Interest$1,382
Property Tax$292
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.2%24
10-Year IRR
9.3%
Returns Index
13.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$23,376/yr
NOI
$13,034/yr
Net Cash Flow
-$789/mo
Cash Margin
-40.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
30.0/ 100

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

Comparables

Properties near 419 Millard 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.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.