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New1 day ago

582 Gorham Street

Gorham-College Manor, Newmarket

$1,649,000

Detached|2-Storey
4 | 5 | 5
About this home

What a gem! Unparalleled luxury value in this custom-built home (2025), you won't find any where else in the area. Owner-built to satisfy every whim & last for generations, this 4-bedroom, 5washrooms, finished walk-out basement, 2-car garage beauty, offers ~4,800 sqft of total ultra-luxury living space. A corner lot fronting on a quieter street w/ a wider driveway. Metal roof to last for ages & a shaded fenced side yard w/ interlocking & a BBQ-ready gas connection.10ft ceilings + 20ft foyer, XL windows + a breathtaking glass staircase w/ floating stairs + a modern chandelier. Ample natural lighting + an open concept to accommodate various furniture &generous hosting. A dream designer kitchen with an 8ft centre island w/ built-in wine fridge, Miele Built-in Appliances, Jen-Air Induction Stove, Dacor French-Door Fridge, Quartz Counters &solid-quartz backsplash. Primary bedroom with a 5-piece ensuite, walk-in closet & B/I closet. A Junior Prim. bedroom w/ ensuite, 2 bdrms w/ shared ensuite. Basement feels like a main level w/ a separate entrance, many windows, wall lighting & custom built-in ceiling lighting, built-in ceiling speakers for entertainment (1st floor & bsmt),hydronic heating floors in the whole basement (& in the hallway at the main entrance) a 3-piecebath, sauna, & in-law suite potential. Located at the heart of downtown, surrounded by walking distance: restaurants & shops, festivals, seasonal markets, culture, Southlake Hospital, Pickering College, library, schools &community. Enjoy Fairy Lake, Wesley Brooks Conservation & Tom Taylor Trail, perfect for walking, biking & unwinding. In the winter, Riverwalk Commons transforms into a charming outdoor skating rink, while warmer months bring patios & live music. This house blends refined, elevated living w/ everyday convenience, perfect for those with great taste who love to host &impress while living in a comfortable, thought-out luxury. (Deck photo is a render of a potential deck - not real).

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$9,861
Lot Size59.4 ft x 92.18 ft
mls© NumberN13686096
Listed BySUTTON GROUP-ADMIRAL 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%
$8,440
Property tax
$822
Heat allowance
$150
Housing costs
$9,412 / mo

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

Down payment20% · $329,800
25-yr amortization

Income needed

$290,000

gross annual household income

Payment at 4%
$6,939 / mo
Cash down
$329,800

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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