Dennis Paradis

Realtor for Busy People™

416-399-5832

Updated: January 22, 2021

Building Name: Kingscrest

Neighbourhood: Central Newmarket

Condo Corp: YRCC836

Age:  37 years

Build date: 1986

Date Registered: June 30, 1993

Units: 131

Storeys: 11

Property Mgt: TSE Management Services - 905-764-9166 (was Wilson Blanchard)

Fees Include: All utilities except Hydro included.

Pets:  Dogs allowed up to 40 lbs (18 kgs) - max 1; Cats okay.

Health Amenities: Gym/Exercise, lap pool, hot tub, sauna

Social Amenities: Party, Game, Library

Security Amenities: Phone Entry, Mobile Entry (?),  Sec Guard, On-site Super, Sec Cameras

Other Amenities: Visitor Parking, Landscaped

Heating: Fan/Coil - Two pipes*: Central Heat (Hot of Chilled Water provided by Condo; Fan hydro NOT incl in fees)

Cooling: Fan/Coil - Two pipe*: Central Air (forced air via ducts)  *two pipes requires a seasonal switchover

Balcony: No

Ensuite Laundry: Yes

MLS Rentals: 1 or 2 per year; 2B:  $2,100 - $2,200 per mth

SALES, PRICES and CONDO FEES:

Outdated - earlier years shown if nothing sold in the current year

Median Fees/SF (2020): $0.64

Med Fees Trend: No increases since 2017 

Fees Include Underground  parking (no surface) and locker, Rogers basic cable valued
about $70/m. 

Fees Exclude: Hydro (value $80-$100/mth)

NOTE: There are only 2 Bed - 2 Wash units in this Building. Most are split-Bed each with ensuite Wash

Typical 2 Bed-2 Wash - 1,006 - 1,107 SF. 

Kitchen -96 -106 SF
Primary Bed - 140 - 180SF

Taxes - $2,252/yr or $188/mth

COST OF LIVING (Shelter), excluding mortgage payments & personal services (internet, cable, phone)

Major Pros

• Centrally located - See Map/WalkScore below.
• Walking distance to Upper Canada Mall & hospital.
• Direct easy access (on foot) but no ramp to Davis & bus stop.
• Large suites - 1006 - 1107 SF; smaller units 941 SF. (250 Davis has mostly 1161 SF 2-Beds)
• Large windows -  similar to 250 Davis.
• Some units have two walk-in closets (master & 2nd).
• Some units have a window at the kitchen sink.
• Underground parking - no surface parking.
• Nice decor, lovely party room, lap pool and sauna (his & her)
• Pets allowed with restrictions. 
• Well managed.
• Very few renters.
• Average turnover (10-12 sales per year).
• Condo fees are higher than Newmarket average but have been unchanged over the last 3 years.

 Major Cons

• KItchens are enclosed (vs) open concept but most have windows
• Older buildings (37 years).
• Older suites - some outdated (many upgraded).
• No balconies.
• Condo fees 2020- $0..64 per SF (upper range of Newmarket condos).
• Condo fees include all but Hydro - Heat is forced air (Fan/Coil) - common in older condos
• Eastside windows overlook co-op building next door

Somewhat Walkable - 68/100