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Listed 12 days ago

612 Timothy Street

Gorham-College Manor, Newmarket

$798,000

Detached|2-Storey
4 | 3 | 6
About this home

Here's your chance to own one of the most unique properties in central Newmarket. Set on a private 70 x 142 ft lot surrounded by mature trees and siding onto picturesque Bogart Creek, this 4-bedroom, 3-bath century home is ready for its next chapter. Whether you're looking to renovate, restore its original character or build your dream home, the possibilities are endless. Inside, you'll find inviting hardwood floors throughout the principal rooms, built-in bookshelves that add warmth and character to the living room, a modern kitchen with built-in appliances including a gas cooktop and wall oven and the convenience of a main floor laundry room. The upper level includes 4 bedrooms, a spacious primary with 3 pc. ensuite and a main bath with authentic claw foot tub. The true value lies in its exceptional setting and unbeatable location. Enjoy an easy walk to Historic Downtown Newmarket, boutique shops, restaurants, the farmers' market, Riverwalk Commons, and the Tom Taylor walking and biking trails. Opportunities like this on a premium lot in one of Newmarket's most desirable neighbourhoods rarely come along.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$4,880
Lot Size70 ft x 142 ft
mls© NumberN13601896
Listed ByROYAL LEPAGE RCR REALTY

Listing History

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  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,085
Property tax
$407
Heat allowance
$150
Housing costs
$4,641 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $159,600
25-yr amortization

Income needed

$143,000

gross annual household income

Payment at 4%
$3,358 / mo
Cash down
$159,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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