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    Specialty Lofts

    543 Timothy Street

    1for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    3
    Number of Units:
    56
    Condo Completion:
    2005
    Condo Demand:
    High
    Unit Size Range:
    649 - 1,477 SQFT
    Unit Availability:
    Low

    Listing History for Specialty Lofts

    Amenities

    Gym Room
    Indoor Parking
    Media Room
    Rec Room
    Security System
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 543 Timothy StreetSpecialty Lofts

    Located at 543 Timothy Street, Specialty Lofts is a 3-storey soft loft containing 56 units. These York Region soft lofts were developed by MG Lewis Ltd and completed in 2005. Units start at 649 square feet and can be as large as 1477 square feet. What makes a Downtown Newmarket soft loft for sale most appealing is all that the neighbourhood has to offer.

    This condo has a high demand ranking per Strata.ca analytics and a Walk Score of 73. Maintenance fees are $0.85 per-square-foot, which is higher than the neighbourhood average of $0.70 per-square-foot.

    The Suites

    On average, units at 543 Timothy Street sell -1.44% below the list price, and units have a low chance of receiving multiple offers (aka a “bidding war”). Units in this complex are among the most expensive in the area with an average cost per-square-foot of $812 (based on past 12 months of sales). Units typically sell with 11 days on market on average. Over the past 12 months, 3 have sold and 0 has been rented here.

    The Neighbourhood

    Living here means you’re just a 3-minute walk from Joia on Main, Ground Burger Bar and Ghost Taco, making it easy to dazzle your taste buds without much effort. Get to know Downtown Newmarket by exploring local cafes like The Maids Cottage, Empress Café The Gourmet House and BB Cafe- Newmarket.

    There are a number of grocery stores within a short drive, including Variety Mart and Vince's Market.

    Planning for your future is easy with Meridian Newmarket and National Bank in the area.

    Having Fairy Lake Park, All Our Kids Playpark and Fairgrounds Park within 10 minutes walking distance is invaluable, considering easy access to green spaces can dramatically improve your quality of life.

    Like to shop? Everything you need is close by when you live at 543 Timothy Street, including York Town Square which are only 5 away.

    When the weekend rolls around, Elman W. Campbell Museum and Keith Bridge Public Art Display are within a short 2-minute drive away.

    There are plenty of nearby school choices — Maple Leaf Public School — with more in neighbouring areas so you can find the best school for your child’s needs. If you're open to commuting, a quick transit ride offers even more options, including Pickering College, Sacred Heart Catholic High School and Huron Heights Secondary School.

    Transportation

    Taking public transit? The nearest light transit stop is Davis Dr / Parkside Dr.

    Anyone who isn’t sold on this development but loves the area, might want to check out 115 Main Street S, 270 Davis Drive and 260 Davis Drive, which are similar soft lofts in the area.

    1

    Listings For Sale

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    0

    Listings For Rent

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    Nearby Amenities

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    4/10
    Transit
    It's a dice roll — but hey, sometimes you roll a six!
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    22,134
    Average Individual Income
    $71,500
    Average Household Size
    3 persons
    Average Age
    46
    Average Household Income
    $113,592
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    66%
    Low Rise Apartment
    12%
    Semi Detached
    9%
    High Rise Apartment
    7%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    79%
    Other
    8%
    Cantonese
    6%
    Mandarin
    4%
    French
    1%
    Tagalog
    1%
    Tamil
    1%
    Education
    High School
    32%
    University and Above
    20%
    College
    19%
    None
    18%
    Apprenticeship
    6%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    22%
    Architecture & Engineering
    20%
    Health & Related Fields
    13%
    Social Sciences
    12%
    Personal, Protective & Transportation Services
    8%
    Education
    5%
    Humanities
    4%
    Math & Computer Sciences
    4%
    Physical Sciences
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Days on Strata

    Units at Specialty Lofts spend an average of
    11
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    1%
    below
    the list price.

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    4.1
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 10 condos in the Downtown Newmarket area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    Specialty Lofts offers the
    ?
    best value out of 10 condos in the Downtown Newmarket neighbourhood

    Appreciation Rank

    Specialty Lofts has the
    ?
    highest ROI out of 10 condos in the Downtown Newmarket neighbourhood

    Rental Yield

    Specialty Lofts yields the
    ?
    highest rent prices out of 10 condos in the Downtown Newmarket neighbourhood

    High Demand

    Specialty Lofts is the
    ?
    most popular building out of 10 condos in the Downtown Newmarket neighbourhood

    Transaction Insights at 543 Timothy Street

    1 Bed1 Bed + Den2 Bed
    Price Range$718,500 - $740,000$750,000No Data
    Avg. Cost Per Sqft$832$806No Data
    Avg. Wait for Unit Availability142 Days454 Days195 Days
    Ratio of Units in Building52%16%33%

    Maintenance Fees

    Specialty Lofts vs The Downtown Newmarket Area

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