285 Lorne Avenue

If you’re on the lookout for a fantastic property, then this townhouse for sale in Newmarket might just be the gem you’ve been waiting for! Nestled at 285 Lorne Avenue, Newmarket, this stunning freehold townhouse is a rare find, especially with its fully renovated features and no management fees. Spanning three storeys, this home boasts a spacious and well-lit interior that’s perfect for families or anyone who loves to entertain.

As you step into this delightful abode, you’ll be greeted by a comfortable living and dining area that flows seamlessly into the main kitchen. The kitchen is a real highlight, featuring brand-new cabinets that are not only stylish but also practical for all your culinary adventures. With a total of eight rooms, including four bedrooms and a den, there’s plenty of space for everyone. The layout has been thoughtfully designed to maximise space, making it feel even larger than it is.

One of the standout features of this townhouse for sale in Newmarket is the separate entrance to the finished basement, which includes an additional kitchen. This space is perfect for a rental apartment or could serve as a private suite for family members, providing excellent dual rental potential. With the ability to generate over £4,000 in rent per month, this property offers a unique opportunity for positive cash flow, making it an ideal investment for savvy buyers.

At 285 Lorne Avenue, Newmarket, you’ll find that the home is equipped with central air conditioning, ensuring comfort throughout the warmer months. While there’s no fireplace or pool, the family room provides a cosy gathering space for relaxation and entertainment. The home is unfurnished, allowing you to put your personal stamp on it and create a space that truly reflects your style.

The property sits on a generous lot measuring 23 by 92 feet, providing ample outdoor space for activities or gardening. Although there’s no garage or driveway, the private driveway accommodates up to four vehicles, which is a significant advantage in this bustling area. The location itself is a major selling point, as it’s situated in Central Newmarket, just a stone’s throw from Main Street and Fairy Lake. You’ll have easy access to a plethora of restaurants, shops, parks, top-rated schools, hospitals, and shopping centres, making it a highly desirable place to live.

Recent upgrades to the property include fresh paint, new laminate flooring, and updates to the furnace in 2018 and insulation in 2019, ensuring that you can move in without a worry. The sewer and municipal water systems are in place, adding to the convenience of this home.

This townhouse for sale in Newmarket is not just a house; it’s a lifestyle opportunity. With its prime location and the potential for rental income, it’s perfect for those looking to invest or for families wanting to settle down in a vibrant community. Don’t miss out on this incredible chance to own a piece of Newmarket real estate.

Whether you’re looking for a spacious family home or an investment property with dual rental potential, 285 Lorne Avenue, Newmarket, has it all. So why wait? Come and see this wonderful townhouse for sale in Newmarket today and start imagining the possibilities that await you!

Central Newmarket, nestled in the heart of Newmarket, offers a vibrant blend of historic charm and modern convenience. This bustling area is renowned for its rich equestrian heritage, with the famous Newmarket Racecourses just a stone's throw away, attracting horse racing enthusiasts from all over. The streets are lined with an array of shops, cafes, and restaurants, providing a lively atmosphere for both residents and visitors. With excellent transport links, including easy access to the A14 and railway services to London, Central Newmarket is an ideal location for those seeking a balance of rural tranquillity and urban amenities. The community is further enhanced by beautiful parks and green spaces, making it a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various educational needs for families. The closest school is Stuart Scott Public School, just 0.1 km away, offering elementary education (JK to 8) with a school rating of 6.3. For secondary education, Huron Heights Secondary School and Newmarket High School are both within a 2.2 km radius, with ratings of 6 and 8.5, respectively, providing a solid foundation for high school students. Additionally, Prince Charles Public School and Mazo de la Roche Public School are nearby, offering French language options for elementary grades, though Mazo de la Roche has a lower rating of 0. For those interested in Catholic education, St. Paul Catholic Elementary School and Sacred Heart Catholic High School are also within a short distance, although they currently hold a rating of 0. St. Elizabeth Seton CES offers a French curriculum for elementary grades and has a rating of 6.9. Overall, this area provides a diverse range of educational options, ensuring that families have access to quality schooling in both English and French, as well as public and Catholic systems.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 599 residents, with an average household size of 1.8 individuals. The demographic profile reveals an average age of 53.6 years, indicating a mature community. The average household income stands at $70,000, but a significant portion, 27.2%, is classified as low-income. The real estate market reflects a high average property price of $860,000, with 57.52% of the population identifying as single. Households with children represent 35.71% of the community, and immigrants make up 28.33% of the population, contributing to the area's diversity. A notable 62.69% of residents are renters, while there are no condominiums reported in the area. Educational attainment is relatively high, with 45.05% of the population holding a college or university degree. However, a considerable 47.75% of residents are not in the labor force, which may indicate a mix of retirees and those not actively seeking employment. Overall, this demographic snapshot highlights a community that is diverse, with a mix of ages, income levels, and housing situations, making it an intriguing area for potential homebuyers or investors.