648 Gorham Street, Newmarket, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Gorham-College Manor. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1 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 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 66 x 165 ft lot
- 8.0 total parking spaces available with a convenient other configuration
- Notable attributes: Accessory Apartment
- Efficient forced air heating via gas
Description
Exceptional investment opportunity in a sought-after Newmarket neighborhood! This 5 self-contained income property sits on a premium 66 x 166 ft lot and boasts two driveways for enhanced versatility. Currently tenanted with reliable tenants, the property generates nearly $6,000 in net income, allowing you to cover your mortgage comfortably while you live on-site or maximize rental returns. Numerous upgrades and a prime location, close to schools, the hospital, and public transit, ensure promising future possibilities.
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Key Features
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Additional Details
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Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Hospital
- Public Transit
- School
Interior Features
- Accessory Apartment
Security Features
None listed
Community Features
None listed
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Frequently Asked Questions about 648 Gorham Street, Newmarket, ON
Q.What is the asking price for 648 Gorham Street, Newmarket, ON ?
The current listing price for 648 Gorham Street, Newmarket, ON in Gorham-College Manor, Newmarket is $1.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 5 bathrooms across approximately 2500-3000 sqft.
Q.What property type and architectural style is 648 Gorham Street, Newmarket, ON ?
648 Gorham Street, Newmarket, ON is a Detached (2-Storey) featuring a None basement.
Q.What key property features does 648 Gorham Street, Newmarket, ON offer?
Key property features include: Hospital, Public Transit, School.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (Other).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 648 Gorham Street, Newmarket, ON L3Y 1L4
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 $1 in Newmarket, the legal minimum down payment is $0 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 $0 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 $0.
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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.