For Lease
Just Listed
116 Cherrywood Drive BSMT #BSMT
Bristol-London, Newmarket, ON
$1,500
1Bd
1Ba
900+sqft
1Parking
$2/sqft
DetachedMLS# N13243072Listed 2026-06-040 DOM
Cooling
Central Air
Basement
Finished
Just listed! New listings in Newmarket often receive offers within the first week.
About this home
Open-concept 1-bedroom furnished basement apartment in a well-maintained, smoke-free bungalow, perfectly located in the heart of Newmarket. Modern laminate floors and potlights throughout. Private 3-piece ensuite. The kitchen offers quartz countertop and backsplash, includes a breakfast area and is combined with living room. Home is steps away from Upper Canada Mall, Newmarket & East Gwillimbury GO Stations, Costco and Fairy Lake. You're also within walking distance to public transit, schools, parks, grocery stores and shopping centres. A short drive takes you to Southlake Regional Hospital and Highways 400 & 404. Ideal for a single professional or couples looking for convenience and access to all amenities. Tenant pays 25% utilities. Internet is included. The landlord is willing to include one free month of rent.
Basement Apt
Rooms
Basement
| Living Room | 3.60 × 2.40 m | Above Grade Window Combined w/Kitchen Pot Lights |
| Bedroom | 4.60 × 3.60 m | Above Grade Window Closet Pot Lights |
| Kitchen | 3.75 × 3.40 m | Breakfast Area Open Concept Laminate |
Features
- None
- Finished
- Central Air
- Bungalow
Financials
Estimated Rental Income
Entire property$2,000 – $3,000/mo
Basement apartment$1,800 – $2,500/mo
Rental yield1600.0% – 2400.0%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Newmarket
Days on market0 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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Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
61
/ 100
Walk Score
Somewhat Walkable
38
/ 100
Transit Score
Some Transit
41
/ 100
Bike Score
Somewhat 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.