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Listed 22 days ago

338 Dowson Loop

Woodland Hill, Newmarket

$1,275,000

Detached|2-Storey
4 | 3 | 6
About this home

Rarely offered and proudly maintained by its original owners, this all-brick 4-bedroom detached home presents a unique opportunity in one of the area's most desirable family communities. Situated on a premium 40.7 x 105.2 ft fully fenced lot, the property offers over 2,500 sq. ft. above grade, parking for six vehicles, and the long-term versatility today's buyers are searching for.Thoughtfully designed for both everyday living and future value, the home features hardwood flooring, an elegant oak staircase, main floor laundry, spacious principal rooms, and a bright open-concept kitchen with a walkout to an elevated deck overlooking the backyard. The upper level offers four generously sized bedrooms, including a spacious primary retreat complete with a walk-in closet and private 4-piece ensuite.A standout feature of the home is the rare builder-upgraded walkout basement, complete with oversized above-grade windows that fill the space with natural light and direct access to the backyard. Offering exceptional versatility and future potential, this unique configuration provides a significant advantage for buyers seeking multigenerational living or income-generating opportunities. Much of the costly and complex work associated with a walkout design has already been completed by the builder, creating a substantial head start for future development. With potential to generate approximately $2,000-$2,500 per month in rental income, this space represents a compelling opportunity to offset mortgage costs while building long-term wealth and equity.Additional highlights include a double-car garage with direct interior access, parking for six vehicles, a newer roof (2023), and a premium lot offering both privacy and outdoor enjoyment. Combining pride of ownership, future income potential, and exceptional long-term value, this is a rare opportunity to secure a home that can help offset your mortgage while building equity in one of the area's most sought-after communities.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$6,839
Lot Size40.7 ft x 105.21 ft
mls© NumberN13563210
Listed ByKeller Williams Energy Real Estate

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,526
Property tax
$570
Heat allowance
$150
Housing costs
$7,246 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $255,000
25-yr amortization

Income needed

$223,000

gross annual household income

Payment at 4%
$5,365 / mo
Cash down
$255,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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