For Lease
198 Cherrywood Drive BSMT #BSMT
Bristol-London, Newmarket, ON
$2,100
3Bd
2Ba
900+sqft
1Parking
34 x 95 ftlot
$2/sqft
Semi-DetachedMLS# N12778800Listed 2026-02-11101 DOM
Cooling
Central Air
On the market for 101 days — longer than average. The seller may be open to negotiation.
About this home
Newly renovated 3-bed, 1.5-bath basement apartment with separate entrance offers modern comfort, upscale finishes, and unbeatable convenience in one of the area's most desirable neighbourhoods in Newmarket. Step inside to find hardwood flooring throughout, abright open-concept living space, and a designer kitchen featuring granite counter tops, stainless steel appliances, and ample cabinetry. The bedrooms offer natural light, while the upgraded bathrooms provide a clean, contemporary feel. Includes 1-car parking on the right side and is perfect for families, couples or professionals seeking style and space. Located in a prime, walkable area, you'll be minutes away from schools, hospital, Newmarket Go Station, public transit, grocery stores, restaurants, and everyday essentials. Enjoy the perfect blend of comfort, convenience, and modern living. Tenants are responsiblefor 40% of utilities, tenant insurance required before occupancy. ** New Appliances to be installed before occupancy **
RenovatedBasement AptHardwood
Rooms
Basement
| Kitchen | 5.24 × 3.47 m | Hardwood Floor Combined w/Laundry Stainless Steel Appl |
| Living Room | 5.24 × 3.13 m | Hardwood Floor Pot Lights Window |
| Bedroom | 3.56 × 2.40 m | Hardwood Floor Closet Casement Windows |
| Bedroom 2 | 2.68 × 2.92 m | Hardwood Floor Closet Casement Windows |
| Bedroom 3 | 2.77 × 2.52 m | Hardwood Floor Closet Casement Windows |
Features
- Carpet Free
- Separate Entrance
- Apartment
- Central Air
- 1 Storey/Apt
Financials
Estimated Rental Income
Entire property$3,200 – $4,800/mo
Basement apartment$1,800 – $2,500/mo
Rental yield1828.6% – 2742.9%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Newmarket
Days on market101 days
Buyer's MarketSeller's Market
Based on active listings in Newmarket. Data updates daily.
Demographics — Newmarket
Population
87,942
Avg Household Income
$118,000
Age Distribution
0-19
22%
20-34
17%
35-49
20%
50-64
22%
65+
19%
Ownership76% own · 24% rent
EnglishFrenchFarsiRussianMandarin
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How walkable, bikeable, and transit-friendly this neighbourhood is.
62
/ 100
Walk Score
Somewhat Walkable
47
/ 100
Transit Score
Some Transit
54
/ 100
Bike Score
Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.