$1,750,000
Newmarket
986 Srigley Street, Newmarket (Gorham-College Manor), Ontario, L3Y1Y3
This 5-bedroom, 3-bathroom home in Newmarket is for sale offering roughly 2,250 sq ft of space.
Rare Legal Triplex on an Exceptional 80 x 187 Ft Lot! House hacking at its best. Live in the spacious 3-bedroom main-floor residence while renting out the two self-contained legal1-bedroom walkout units to help offset your mortgage, or take advantage of all three residences as an income-producing property. A rare opportunity to combine homeownership with built-in rental income!Fully renovated, professionally designed and completed as a fully permitted legal triplex, with three completely independent residences, private entrances and no shared interior living spaces.The bright and spacious main-floor residence features 3 bedrooms, open-concept living and dining areas, a gas fireplace, a thoughtfully designed kitchen with sleek cabinetry and stainless-steel appliances, plus a private rear deck overlooking the landscaped backyard.The two legal lower-level residences each feature 1 bedroom, a private walkout entrance,European-style cabinetry, stainless-steel appliances and ensuite laundry, making them ideal for long-term rental income.Thoughtfully converted with enhanced acoustic separation between residences and meticulous attention to quality throughout. Additional features include professionally installed Wifi Infrastructure with dedicated access points and on-site EV charging.Sitting on an exceptionally rare 80 x 187 ft lot, the property also offers tremendous outdoor space and intriguing future potential, including the possibility of exploring a garden suite,subject to municipal approvals and applicable zoning.Ideally located near Historic Main Street, Fairy Lake, Riverwalk Commons, Newmarket GO,Southlake Health, parks, schools, shopping and Highway 404.Live in one. Rent the others. Let your property help pay the mortgage. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 46 days across the listings currently for sale in this city
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.
This 5-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?
Approximate location — exact address confirmed upon showing
This home lists at $1,750,000, about 18.8× the local median household income of $93,000.
Carrying it typically needs a household income of about $341,836 (20% down, 25-yr amortization, stress-tested) — roughly 268% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3Y)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.