Elia (Former) Newmarket
New pre-construction detached home Stateview Homes in Newmarket.
About Elia (Former)
Project highlights
- Development
- Elia (Former)
- Developer
- Stateview Homes
- Location
- Newmarket — 730 Gorham Street, Newmarket, ON L3Y 1L5
- Property type
- Detached Home
- Ownership
- Condominium / Freehold
- Sales status
- Coming Soon
- Starting price
- Contact for Pricing
- Occupancy
- TBD
Elia (Former) is a new pre-construction detached home Stateview Homes in Newmarket. Through PreconFactory you get VIP access 30–60 days before public launch — that means first pick of the best units, the lowest pricing, and full incentive negotiation on your behalf.
Starting at Contact for Pricing, Elia (Former) is a strong choice whether you're buying to live in or as an investment. You lock in today's developer pricing while the property appreciates during the 3–5 year build period — leveraged returns that resale buyers simply can't access.
Elia (Former) is a new townhouse community by Stateview Homes currently in preconstruction at 730 Gorham Street, Newmarket. The community is scheduled for completion in Sept 2023. Elia (Former) has a total of 72 units.
Why Newmarket works
Elia (Former) sits at 730 Gorham Street, Newmarket, ON L3Y 1L5. Historic Main Street, Davis Drive corridor growth, and Viva rapidway. A charming town with modern amenities north of Toronto.
Newmarket keeps growing — new transit lines, more jobs, and rising household incomes. That's why pre-construction here makes sense. You're buying into a city on the upswing, at today's prices.
Why Newmarket is growing
- Historic charm with modern development
- Yonge North Subway Extension planned
- Excellent healthcare facilities
- GO Train access to Toronto
About Newmarket
Discover why Newmarket is an ideal location for pre-construction investment
About Newmarket: A Growing Community in the GTA
Newmarket is home to 87,000+, and steady growth with historic charm. Historic downtown with modern amenities Additionally, fairy lake and natural areas. Located in Newmarket, Elia (Former) offers residents a perfect blend of urban convenience and suburban comfort.
Excellent healthcare (Southlake Hospital) GO Train connectivity
Transit & Connectivity
Newmarket is well-connected to the GTA through excellent transit options. GO Train stations including Newmarket GO, East Gwillimbury GO provide 40-50 minutes to downtown toronto via go train. Major highways including Highway 404, Highway 400, Highway 9, Yonge Street ensure easy access throughout the region.
Lifestyle & Amenities
Residents of Newmarket enjoy access to excellent educational institutions including Top-rated York Region schools and Newmarket High School, healthcare facilities like Southlake Regional Health Centre, and major shopping destinations such as Upper Canada Mall and Newmarket Promenade. Popular parks include Fairy Lake and Tom Taylor Trail.
Investment Potential & Growth
Average condo prices: $650,000-$950,000. Annual appreciation: 5-8% Average rental yield: 3.5-4.5%. Premium market with stable demand Future developments include Yonge North Subway Extension (planned) and Downtown revitalization, which will further enhance the area's appeal. Major employment centers include Southlake Regional Health Centre and Corporate offices, driving demand for housing.
Why Newmarket is Perfect for Pre-Construction Investment
Historic charm with modern development Yonge North Subway Extension planned Excellent healthcare facilities GO Train access to Toronto Strong community appeal Investing in pre-construction in Newmarket allows you to secure a property at today's prices while the area continues to develop and appreciate in value.
Excellent Transit
Well-connected to downtown Toronto and the GTA
Strong Growth
Consistent property value appreciation
Quality Living
Modern amenities and community infrastructure
Why pre-construction wins
Investment potential
Elia (Former) is priced below comparable resale homes in Newmarket. You lock in today's developer pricing, and by the time it's built (3–5 years), the market has typically appreciated 15–25% — free equity before you even close.
Developer confidence
Stateview Homes has been building in the GTA for years — finishing on time and delivering quality homes that hold their value. That track record matters when you're committing this much capital.
View Stateview Homes profile & projectsProject data sheet
Building features
- Development includes 4 blocks of traditional and 4 blocks of back-to-back townhomes located amongst predominantly single-family homes. Site to include street-level visitor parking and a parkette on its northern corner. Immediate access to public transit bus stops and 5-minutes from Newmarket GO Station and Highway 404. , Kitchen Floor: Tile, Kitchen Counter: Others, Entry Floor: Laminate, Living Area Floor: Laminate, Bedroom Floor: Laminate, Main Bathroom Floor: Tile, Main Bathroom Counter: Others, Ensuite Bathroom Floor: Tile, Ensuite Bathroom Counter: Others, Cabinets: Laminate, Appliance Finish: Stainless, Fridge: Bottom Freezer, Stove: Elec Ceran T...
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Elia (Former) questions answered
What is the deposit structure for Elia (Former)?
The exact deposit schedule for Elia (Former) is set by Stateview Homes and confirmed in the Agreement of Purchase and Sale. GTA pre-construction projects typically require a total deposit of 15–20% paid in stages over 18–24 months, but the specific milestones vary by builder and project. Contact PreconFactory for Elia (Former)'s current deposit structure.
When is the occupancy date for Elia (Former)?
Occupancy for Elia (Former) has not been publicly confirmed by Stateview Homes yet. Pre-construction projects in Newmarket typically deliver within 3–5 years of launch, but the exact date will be set in the Agreement of Purchase and Sale. Contact PreconFactory for the latest timeline.
Are assignment sales allowed at Elia (Former)?
Assignment policy is set project-by-project by Stateview Homes. Many GTA pre-construction projects permit assignments (sometimes for a fee, sometimes free as a VIP incentive), but this is confirmed in the purchase agreement. Ask PreconFactory before you sign so we can confirm the current terms for Elia (Former).
What are the closing costs for Elia (Former)?
Plan for roughly 3–5% of the purchase price in closing costs, including Land Transfer Tax (Ontario and, in Toronto, municipal LTT — first-time buyer rebates may apply), legal fees ($1,500–$2,500), development levies, and Tarion warranty enrolment. The exact levy caps and adjustments vary per project — PreconFactory can walk you through the current numbers for Elia (Former).
Is Elia (Former) a good investment?
Elia (Former) by Stateview Homes is priced at Contact for Pricing in Newmarket. Whether it's a fit depends on your budget, timeline, financing, and rental/hold plans — pre-construction returns are leveraged (you commit ~20% over two years) but not guaranteed. Contact PreconFactory for an ROI breakdown specific to your situation.
How do I buy Elia (Former)?
Register with PreconFactory for VIP Platinum access to Elia (Former). You'll receive available floor plans, current developer incentives, mortgage broker introductions, and lawyer referrals. Our buyer service is free — the builder pays the buying agent's commission.
Who represents buyers at Elia (Former)?
PreconFactory is a licensed Ontario real estate brokerage offering Platinum-access representation on Elia (Former) and other GTA pre-construction projects. We negotiate on price, capped development levies, assignment rights, and upgrades on your behalf.
Helpful guides for buyers
First-Time Buyer Guide
Government incentives, deposit structures, and the step-by-step buying process.
Read guideMortgage Calculator
Estimate monthly payments, stress test qualification, and CMHC insurance.
Read guideLand Transfer Tax
Calculate closing costs including Ontario and Toronto LTT rebates.
Read guideInvestor's Handbook
ROI strategies, assignment sales, and cash-flow analysis for investors.
Read guideOther pre-construction in Newmarket
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