Links to More Newmarket Condos:
4. 10 Ashton Rd (Ashton Place)
5. 155 Main St North (Heritage North)
Condo Summary - 270 Davis Dr
Updated: January 20, 2024
Address: 270 Davis Dr Newmarket ON L3Y 8K2
Building Name: Kingscrest
Neighbourhood: Central Newmarket
Condo Corp: YRCC836
Age: 37 years
Build date: 1986 (as rental only)
Date Registered: June 30, 1993, Converted to Condo
Units: 131
Storeys: 11 (12 Units per Floor minus 1)
Property Mgt: TSE Management Services - 905-764-9166 (was Wilson Blanchard)
Fees Include Bldg Insurance, Common Elements, Water/Sewage,
Fees Exclude: Hydro, Unit Insurance (contents and liability), Personal Services (phone, security monitoring, rentals,)
Bulk Plans: None
Pets: Dogs allowed up to 40 lbs (18 kgs) - max 1; Cats okay. MLS codes this as "Restricted" that is "Yes, but with Rules".
Health Amenities: Gym/Exercise, Lap Pool, Hot Tub, Sauna
Social Amenities: Party, Game, Library
Security Amenities: Security Phone Entry, Sec Guard, On-site Super, Sec Cameras
Other Amenities: Visitor Parking, Landscaped
Smoking & Vaping: Not Allowed in Units. Allowed in Designated Area (if any).
Concierge: None
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
Median Fees/SF, 2022: $0.69 up from $0.63 in 2021
Med Fees Trend: Increased from $0.64/SF/mth in 2020
Fees Include Underground parking (no surface) and locker
Fees Exclude: Hydro (value $80-$100/mth) - suggest getting full-year utility to check this.
NOTE: There are only 2 Bed - 2 Wash units in this Building. Most are split (one bed on either side) each with ensuite Wash. Popular feature.
Kitchen - 96SF -106 SF
Primary Bed - 140SF - 180SF
COST OF LIVING excluding mortgage payments
Home Costs per Month - Using 941 SF Model
Fees: $636 ($0.68/SF)
Hydro: $100
Taxes: $171
Insure: $30
Basic Cable TV & Internet: $100
TOTAL: $1,037 or $1.10/SF/Mth + mortgage
Caution: Buyers must always verify the relevant info above using expert advice from their lawyers and realtors.
i.e.; Declaration, By-laws, Rules, Budget, and Condo and Unit Status Certificate.
Pros & Cons - 270 Davis Drive
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.
- Updated decor, lovely party room, lap pool and sauna (his & her)
- Pets are allowed with restrictions.
- Well managed.
- Very few renters.
- Average turnover (10-12 sales per year).
- Condo fees are higher than the Newmarket average but have been unchanged over the last 3 years.
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 2022 - $0..68 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 the co-op building next door.
