227 Prospect Street, Newmarket, ON
Property no longer active
This property was sold on September 27, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Gorham-College Manor. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $799,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 1 Bathroom
- Generous living space spanning 1500-2000 sqft on a premium 52 x 177 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Opportunity knocks. Century home in Central Newmarket location, steps to all the action and amenities of Main Street, walking distance to great parks and conservation areas, Southlake Hospital as well as the GoTRAIN station, and Pickering College. This 3-Bedroom home is situated on a 52ft x 177ft lot with private rear yard and features an oversized 1-car detached garage, covered front porch and enclosed side porch, hardwood floors, & a lot of character. This home has a lot of potential to be turned into something amazing! Must be seen.
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Property Summary
This detached home located at 227 Prospect Street, Newmarket is currently for sale and has been available on SousaSells for 700 days. This property is listed at $799,900 with an estimated mortgage of $2,663* per month. It has 4 beds, 1 bathroom, and is 1500-2000 square feet. 227 Prospect Street, Newmarket is in the Gorham-College Manor neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 1 bathroom, this home offers ample space and comfort for growing families in Gorham-College Manor, Newmarket.
- •4 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Gorham-College Manor, Newmarket.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Public Transit
Interior Features
- Water Heater Owned
Security Features
- None
Community Features
None listed
Frequently Asked Questions about 227 Prospect Street, Newmarket, ON
Q.What is the asking price for 227 Prospect Street, Newmarket, ON ?
The current listing price for 227 Prospect Street, Newmarket, ON in Gorham-College Manor, Newmarket is $799,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 1 bathroom across approximately 1500-2000 sqft.
Q.What property type and architectural style is 227 Prospect Street, Newmarket, ON ?
227 Prospect Street, Newmarket, ON is a Detached (2-Storey) featuring a Unfinished basement.
Q.What key property features does 227 Prospect Street, Newmarket, ON offer?
Key property features include: Public Transit.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned.
Q.What security features are installed at 227 Prospect Street, Newmarket, ON ?
Security features include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 5.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 227 Prospect Street, Newmarket, ON L3Y 3T8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Newmarket, ON
For a property listed at $799,900 in Newmarket, the legal minimum down payment is $54,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,473 for this transaction. As this listing is in Newmarket (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.