$700,000

For sale

269 Prospect Street, Newmarket (Gorham-College Manor) - Single Family for Sale

269 Prospect Street, Newmarket (Gorham-College Manor), Ontario, L3Y3V3

3 beds2 baths2 parking900 ft²33 × 123 ft (4,052 sq ft) lot sizeListed 62 days ago

Overview

This 3-bedroom, 2-bathroom home in Newmarket is for sale offering roughly 900 sq ft of space. Listed at $700,000, it is attractively priced about 29% below the $990,000 median asking price in Newmarket.

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Description

Attention Investors & Buyers: Exceptional turnkey property featuring two independent residential units with strong rental income potential. The property is fully updated inside and out. Exterior renovations include a newer roof, eavestroughs, premium stucco, a paved asphalt driveway, fencing, a deck, and fresh landscaping. The interior features modern flooring, custom closets, and updated bathrooms. The main level boasts high, loft-like ceilings that flood the space with natural light, along with a beautifully designed, functional kitchen. The lower level offers a fully finished basement suite with a separate private entrance, full kitchen, 3-piece bathroom, living room, and bedroom. Meticulously crafted with high-quality materials throughout, this move-in-ready home offers the perfect blend of sophisticated living and potential rental income. Do Not Miss out on this Property! (id:66096)

Property Details

MLS®: N13747188
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 900 ft²
Lot Size: 33 × 123 ft (4,052 sq ft)
Frontage: 33 ft
Storeys: 1
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,691/yr
Listed: 62 days ago

Features

Foundation: Concrete
Exterior: Concrete, Stucco
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

62d

Newmarket (Gorham-College Manor) listings, avg age

47d

Price / ft²

$778

List price

$700K

Homes here sell faster than most markets

Sold homes in this market spent an average of 30 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 3-bed single family in Newmarket (Gorham-College Manor) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by CENTURY 21 HERITAGE GROUP LTD. · PETER PAGIAMTZIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3Y)

This home lists at $700,000, about 7.5× the local median household income of $93,000.

Carrying it typically needs a household income of about $136,735 (20% down, 25-yr amortization, stress-tested) — roughly 47% above the area median.

Median household income: $93,000
Population: 43,556
Median age: 45.6
Owner / renter: 68% / 32%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3Y)

$700,000· $778/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $45,000.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,200 capitalized)

Property tax (est.)$308/mo

Total monthly$3,939

Cash Needed to Close

Down payment (6.43%)$45,000

Land transfer tax$10,475

Est. closing costs$4,600

Total cash needed$60,075

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