$1,049,900

For sale

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874 Sparrow Road, Newmarket (Gorham-College Manor) - Single Family for Sale

874 Sparrow Road, Newmarket (Gorham-College Manor), Ontario, L3Y5P9

5 beds2 baths6 parking lot size

853 Surin Court, Newmarket (Gorham-College Manor), Ontario, L3Y8R3

5 bd4 ba6 pk2,250 ft²

Listed by REMAX YOUR COMMUNITY REALTY

717 College Manor Drive, Newmarket (Gorham-College Manor), Ontario, L3Y8G5

For saleJust listed

2 days ago

$1.10M

717 College Manor Drive, Newmarket (Gorham-College Manor), Ontario, L3Y8G5

4 bd4 ba6 pk2,750 ft²

Listed by ROYAL LEPAGE RCR REALTY

582 Gorham Street, Newmarket (Gorham-College Manor), Ontario, L3Y1L3

For sale

8 days ago

$1.45M

582 Gorham Street, Newmarket (Gorham-College Manor), Ontario, L3Y1L3

5 bd5 ba5 pk3,250 ft²Lot size 59 × 92 ft (5,477 sq ft)

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

322 Harry Beer Court, Newmarket (Gorham-College Manor), Ontario, L3Y8M2

For sale

12 days ago

$1.42M

322 Harry Beer Court, Newmarket (Gorham-College Manor), Ontario, L3Y8M2

6 bd4 ba6 pk2,750 ft²Lot size 31 × 150 ft (4,716 sq ft)

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

Investment analysis

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$1,049,900

Newmarket

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Description

Attention Investors & Savvy Homebuyers! Incredible turnkey income property showcasing approx. 2,800 sq ft of total finished living space. This exceptionally well-maintained home features an ideal layout with excellent, stable tenants already in place generating gross rental income of $4,500/month (Upstairs: $2,600, Lower: $1,900). The bright and spacious principal residence features an updated kitchen (2016), neutral decor, and vinyl windows. The lower level boasts a fantastic basement apartment with a separate kitchen (2016). Enjoy peace of mind with extensive big-ticket upgrades: Brand New Deck, A/C (2022), Furnace (2019), and Shingles replaced 8 years ago. A rare, high-yield asset in a prime location. Nothing to do but collect rent! (id:66096)

Rooms

Main level

Dining room: 4.69 x 3.99 meters
Living room: 3.99 x 2.96 meters
Kitchen: 5.73 x 3.05 meters

Basement

Utility room: 6.8 x 4.21 meters

Upper Level

Primary Bedroom: 4.42 x 3.35 meters
Bedroom 2: 3.84 x 2.84 meters
Bedroom 3: 3.23 x 2.77 meters

In between

Bedroom 4: 3.66 x 2.78 meters
Family room: 6.65 x 3.69 meters

Lower level

Laundry room: 2.89 x 2.89 meters
Recreational, Games room: 7.35 x 6.34 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dishwasher, Dryer, Two stoves, Window Coverings, Garage door opener remote(s), Two Refrigerators
Flooring: Hardwood, Laminate, Ceramic, Linoleum
Foundation: Concrete
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

117d

Newmarket (Gorham-College Manor) listings, avg age

46d

List price

$1.05M

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.

Area context

Neighbourhood profile (L3Y)

This home lists at $1,049,900, about 11.3× the local median household income of $93,000.

Carrying it typically needs a household income of about $205,082 (20% down, 25-yr amortization, stress-tested) — roughly 121% 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)

$1,049,900

For sale

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Full Cost Breakdown

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Down Payment7.62% · $79,990

Min 7.62%50%

Mortgage payment$5,377/mo

↳ CMHC premium ($38,796 capitalized)

Property tax (est.)$456/mo

Total monthly$5,833

Cash Needed to Close

Down payment (7.62%)$79,990

Land transfer tax$17,473

Est. closing costs$5,650

Total cash needed$103,113

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

874 Sparrow Road, Newmarket (Gorham-College Manor) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L3Y)

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Full Cost Breakdown