Detached House for sale at 197 Cherrywood Drive, Newmarket, Ontario, L3Y 2X9 - Bristol-London - MLS: N12304553

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197 Cherrywood Drive

Newmarket, Ontario, L3Y 2X9 - Bristol-London

$889,000

Virtual Tour

Neighbourhood

Bristol-London
Major Intersection

Longford/Cherrywood

Listed Since: 24 day(s)
Last update: 5 day(s) ago

Virtual Tour

Overview

Property Type

Detached, Bungalow
Bedrooms

3 + 1
Bathrooms

2
Basement

Sep Entrance
Kitchen

1
Total Parking

4
Lot Size

50x100 (Feet)
Taxes

$4,468.94 (2024)
Type

Freehold

Property Description

Property description for 197 Cherrywood Drive, Newmarket

This is your opportunity to own a solid detached home! WELCOME to 197 Cherrywood Drive, a charming raised brick bungalow nestled in one of Newmarkets most convenient neighbourhoods. This spacious 3-bedroom, 2-bathroom detached home sits on an extra-deep, private lot backing onto a school and green space offering peaceful views with no houses behind. Surrounded by mature trees and featuring a city-maintained walkway beside the property, this home provides both privacy and convenience. Inside, you'll find a bright and functional eat-in kitchen, generous living spaces, and a layout that offers excellent potential for a separate in-law or nanny suite with a back entrance. The covered back patio is perfect for relaxing or entertaining, while the large private driveway offers ample parking for multiple vehicles *bonus extra long carport canopy. This is a fantastic opportunity to move right in or invest in a property with great income potential. Located just minutes from Upper Canada Mall, the Newmarket GO Station, Tim Hortons, Costco, Walmart, and the boutique shops along Main Street, everything you need is close by. With quick access to both Highway 404 and 400, this home truly combines comfort, accessibility, and long-term value. Don't miss your chance to own this versatile and well-loved home in a prime Newmarket location.

Listed by ROYAL LEPAGE CONNECT REALTY

Property details

MLS #

N12304553
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Available
Garage

None
Total Parking

4
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

N12304553
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Available
Garage

None
Total Parking

4
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

3.6 x 3.3 ft Main level

Large Window, Combined W/Dining, hardwood floor
Dining

2.4 x 3.3 ft Main level

Large Window, Combined W/Living, hardwood floor
Kitchen

3.0 x 3.92 ft Main level

Eat-In Kitchen, Window, Ceramic Floor
Primary

3.45 x 3.45 ft Main level

Window, Closet, hardwood floor
2nd Br

3.3 x 2.8 ft Main level

Window, Closet, hardwood floor
3rd Br

3.3 x 2.8 ft Main level

Window, B/I Shelves, hardwood floor
4th Br

3.8 x 3.1 ft Bsmt level

Window, Closet, Laminate
Rec

5.8 x 3.1 ft Bsmt level

Window, Laminate, 3 Pc Bath
Utility

3.5 x 4.4 ft Bsmt level

Window, Combined W/Workshop, Partly Finished
Kitchen

3.6 x 2.5 ft Bsmt level

Window, Laminate, Eat-In Kitchen
Office

1.9 x 2.9 ft Bsmt level

Laminate
Laundry

1.9 x 2.9 ft Bsmt level

Laundry Sink, Laminate

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 197 Cherrywood Drive, Newmarket

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Local Real Estate Price Trends for Detached in Bristol-London

Active listings

Average Selling Price of a Detached

July 2025

$1,000,634

Last 3 Months

$1,066,165

Last 12 Months

$1,132,206

July 2024

$1,184,364

Last 3 Months LY

$1,225,859

Last 12 Months LY

$1,178,258

Change

-16%

Change

-13%

Change

-4%

Historical Average Selling Price of a Detached in Bristol-London

Average Selling Price

3 years ago

$1,175,900

Average Selling Price

5 years ago

$893,250

Average Selling Price

10 years ago

$626,800

Change

-15%

Change

12%

Change

60%

Number of Detached Sold

July 2025

Last 3 Months

Last 12 Months

July 2024

Last 3 Months LY

Last 12 Months LY

Change

-36%

Change

13%

Change

-14%

Average Selling price

Inventory Graph

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Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.