265 Penn Avenue

Welcome to this remarkable house for sale in Newmarket , located at 265 Penn Avenue, Newmarket. This semi-detached bungalow is a rare find, having been thoughtfully renovated in 2025, and it offers a unique opportunity for both homeowners and investors alike. With a legal basement apartment registered with the Town of Newmarket (Registration #: 2011-0038), this property boasts two self-contained units, making it an excellent choice for those looking to generate rental income or accommodate extended family.

As you approach the property, you will notice the charming brick exterior, which adds to the overall appeal of this lovely house for sale in Newmarket. The home features a private driveway that can accommodate up to four vehicles, ensuring ample parking for you and your guests. The lot measures a generous 33 by 95 feet, providing a comfortable outdoor space for relaxation and entertainment.

Upon entering the main unit, you are greeted by an open concept living and dining area that is bathed in natural light, thanks to the thoughtfully placed pot lights. The renovated kitchen is a chef's delight, featuring a stunning quartz countertop and backsplash, along with a luxury KitchenAid fridge that will make meal preparation a joy. The main floor comprises three well-sized bedrooms, perfect for a growing family or those who require extra space for guests. Additionally, there is a den that can be utilised as a home office or playroom, providing flexibility in how you choose to use the space.

The house also includes two bathrooms, both of which have been tastefully renovated to offer a modern and stylish feel. The main bathroom is conveniently located, while the second bathroom is situated in the legal basement apartment, ensuring privacy for both units. The basement apartment, with its separate entrance, is a fantastic feature of this house for sale in Newmarket, offering potential rental income of approximately £4,500 plus utilities. This income could be split between the two self-contained units, with the main unit potentially earning £2,700 and the basement unit £1,800.

The legal basement apartment is equally impressive, featuring pot lights throughout, a comfortable bedroom with a wall-to-wall closet, and its own set of washers and dryers. This self-sufficient space is perfect for tenants or family members seeking independence while still being close to home.

The property is located in the desirable Bristol-London community of Newmarket, which is known for its convenience and accessibility. You will find yourself just steps away from Upper Canada Mall, the Newmarket Go-Station, Tim Hortons, and the Newmarket Plaza Shopping Centre. With shops along Main Street Newmarket and easy access to Highway 400 and 404, this location is ideal for those who appreciate both urban amenities and suburban tranquillity.

Despite the absence of a pool and a family room, this house for sale in Newmarket offers central air conditioning to keep you comfortable during the warmer months. The heating system is forced air, ensuring that the home remains cosy in the colder seasons. The property is connected to municipal water and sewer services, adding to the convenience of living in this well-established area.

In summary, this house for sale in Newmarket at 265 Penn Avenue, Newmarket, presents an exceptional opportunity for anyone looking to invest in a property with a legal basement apartment. With its modern renovations, ample parking, and prime location, this home is ready for you to move in or rent out. Don’t miss your chance to own this stunning property that combines comfort, style, and income potential in one of Newmarket's most sought-after communities.

Bristol-London is a charming residential area nestled within the vibrant town of Newmarket, renowned for its rich equestrian heritage and bustling market scene. This geographic entity offers a delightful blend of suburban tranquillity and convenient access to both Bristol and London, making it an ideal location for commuters. Residents can enjoy a variety of local amenities, including quaint shops, cosy cafés, and picturesque parks, all while being just a short distance from the historic racecourses that Newmarket is famous for. With excellent transport links and a welcoming atmosphere, Bristol-London provides a perfect setting for those seeking a balance between rural charm and urban convenience.

Schools in the Neighbourhood

The property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Maple Leaf Public School, just 0.2 km away, offering both English and French language instruction for grades JK to 8, with a school rating of 2.7. Another nearby elementary option is Canadian Martyrs CES, located 0.6 km away, which is a Catholic school with a higher rating of 6.4. For secondary education, Dr. John M. Denison Secondary School is 1.2 km from the property, though it currently has a low rating of 0. In contrast, Newmarket High School, situated 3.1 km away, boasts an impressive rating of 8.5, providing a strong option for high school students. Additionally, Sacred Heart Catholic High School, 2.3 km away, also serves grades 9 to 12 but has a rating of 0. Overall, the area offers a mix of public and Catholic schools, with varying ratings and language options, ensuring that families have access to diverse educational choices within a short distance from the property.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 651 residents, with an average household size of 2.5. The community has a median age of 40.7 years, indicating a mature population. The average household income stands at $77,000, with 11.2% of residents classified as low-income. The real estate market reflects an average property price of $670,000, catering primarily to a demographic where 53.57% of individuals are single. Families are also prominent, with 40% of households having children. The area is diverse, with 24.41% of residents being immigrants. A significant portion of the population, 59.62%, are renters, and there are no condominiums available, suggesting a preference for other housing types. Educational attainment is noteworthy, with 46.67% of residents holding a college or university degree. However, a considerable 34.29% of the population is not in the labor force, which may influence local economic dynamics. Overall, the community is characterized by a blend of young professionals, families, and a significant number of renters, making it a unique area for potential real estate investment.