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Gorham-College Manor, Newmarket
$849,900
Don't miss this lovely and picturesque century home with a charming wraparound porch, and lots of unique and delightful features such as wide oak hardwood flooring, pine accents and some handsome moulded ceilings! This unique property has 2 great separate apartments with private entrances and each with their own laundry facilities! Wonderful dependable tenants would like to stay or can leave depending on buyers requirements. Property shows very well and note the lot size and the extra large frontage! Main floor unit has a bonus family room with a fireplace and walk out to deck. Both units have two bedrooms and private washroom and full kitchen facilities. Fabulous location, walk to Main Street and all the beautiful boutique stores and restaurants and Fairy Lake and is just minutes to Hwy 404 access and GO train!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 2000-2500 sq. ft. |
| Property Tax | $5,484 |
| Lot Size | 78 ft x 125 ft |
| mls© Number | N13652816 |
| Listed By | RE/MAX REALTRON REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,350
- Property tax
- $457
- Heat allowance
- $150
- Housing costs
- $4,957 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$153,000
gross annual household income
- Payment at 4%
- $3,577 / mo
- Cash down
- $169,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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