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Listed 12 days ago

771 Gorham Street

Gorham-College Manor, Newmarket

$849,900

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

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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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age100+
Size2000-2500 sq. ft.
Property Tax$5,484
Lot Size78 ft x 125 ft
mls© NumberN13652816
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

  • No recent sale history for this listing.
  • 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%
$4,350
Property tax
$457
Heat allowance
$150
Housing costs
$4,957 / mo

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

Down payment20% · $169,980
25-yr amortization

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 check

Investment Analysis

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

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