42
$3,799,000
505 Queen Street, Newmarket, ON L3Y 2H3
Central Newmarket
19,036 sf
2 months on marketMLS® N13734614
Listing courtesy of RE/MAX REALTRON REALTY INC.
1 / 5
For saleMLS® N12046549
11 Main St (432/438 Davis) E, Newmarket, ON L3Y 3Y1
Central Newmarket · L3Y 3Y1
$3,600,000
$131 / sq ft19 months on market
- Total area
- 27,459 sf
- Lot
- 243 × 113 ft
What's special
- Yes
About this property
Hello Developers and Investors, excited to bring to your attention a very rare opportunity to own an assembly of lands located within the Urban Centres Secondary Plan. This plan identifies that the subject properties are within the Davis Drive Character Area, which permits a variety of uses including low to mid-rise residential, retail, office, live-work, places of entertainment, and post-secondary facilities. Building heights are permitted to range from 3 to 8 storeys, with densities of 1.5 to 2.0 FSI. Additionally, with bonusing, heights can be increased to 10 storeys.
Property details
Property
- Property type
- retail
- Interior size
- 27,459 sq ft
- Lot size
- 243 × 113 ft
- Zoning
- RESIDENTIAL/COMMERCIAL
- Possession
- TBA
Interior
- Heating
- Other
- Cooling
- Yes
Exterior & services
- Sewer
- Sanitary
Costs
- List price
- $3,600,000
- Property taxes
- $14,200 / year (2024)
- Price per sq ft
- $131
Listing
- MLS® number
- N12046549
- Status
- For sale
- Listed
- March 27, 2025
- Days on market
- 587
- Last updated
- August 7, 2026
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 60% of comparable retail listings in Newmarket are asking less.
$1.24MMedian $2.84M$6.42M
- This home
- $131 / sq ft
- Comparable median
- $302 / sq ft
Based on 10 comparable active retail listings in Newmarket. These are asking prices, not sale prices.
Mortgage estimate
Down payment20.0% · minimum $720,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $15,924.01
- Property tax (est.)
- $1,183.33
- Estimated monthly
- $17,107
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $76,475
- Total due on closing
- $76,475
An estimate on the asking price of $3,600,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of REMAX YOUR COMMUNITY REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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