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Gorham-College Manor, Newmarket
$819,000
Perfect for first-time home buyers, down sizers, retirees, or investors! This beautifully upgraded bungalow offers flexible living space, modern finishes and a fantastic Newmarket location. The main floor currently features one spacious bedroom and can easily be converted back to its original two-bedroom layout. The finished lower level offers 2 additional bedrooms, a full bathroom and a versatile den/recreation area-ideal for guests, extended family or additional living space. The winterized garage is currently used as a home office, providing valuable separate workspace. Enjoy a fully fenced private backyard, perfect for children and pets, with a convenient ramp from the deck to the yard. Extensive upgrades include a renovated kitchen with granite countertops and stainless steel appliances, premium vinyl flooring (2022), appliances (2022), washer & dryer (2022), upgraded electrical panel(2022), R60 attic insulation, Google Nest thermostat, updated bathrooms, dimmable lighting and fresh interior and exterior paint. Just a short walk to York Curling Club, Fairgrounds Park and Prince Charles Public School, with Southlake Hospital, Newmarket GO, shopping and Hwy 404 only minutes away. A move-in-ready home offering comfort, flexibility and excellent potential!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | < 700 sq. ft. |
| Property Tax | $3,736 |
| Lot Size | 65 ft x 68 ft |
| mls© Number | N13693322 |
| Listed By | NEW ERA REAL ESTATE |
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%
- $4,192
- Property tax
- $311
- Heat allowance
- $150
- Housing costs
- $4,653 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$143,000
gross annual household income
- Payment at 4%
- $3,446 / mo
- Cash down
- $163,800
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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