$1,049,900
↓ $38,100 from $1,088,000
Est. payment $4,649/moCalculate yours
874 Sparrow Road, Newmarket, ON L3Y 5P9
Gorham-College Manor, Newmarket, ON L3Y 5P9
- 4 + 1 Beds
- 2 Baths
- 2 Garage
- 1,500 Sq Ft
Listing courtesy of HOMELIFE LANDMARK REALTY INC. MLS® N13552240
About this home
Attention Investors & Savvy Homebuyers! Incredible turnkey income property showcasing approx. 2,800 sq ft of total finished living space. This exceptionally well-maintained home features an ideal layout with excellent, stable tenants already in place generating gross rental income of $4,500/month (Upstairs: $2,600, Lower: $1,900). The bright and spacious principal residence features an updated kitchen (2016), neutral decor, and vinyl windows. The lower level boasts a fantastic basement apartment with a separate kitchen (2016). Enjoy peace of mind with extensive big-ticket upgrades: Brand New Deck, A/C (2022), Furnace (2019), and Shingles replaced 8 years ago. A rare, high-yield asset in a prime location. Nothing to do but collect rent!
Property details
Overview
- Property Type
- Detached
- Style
- Backsplit 5
- For
- For Sale
- Status
- Price Change
- Size
- 1,500 sqft
Interior
- Bedrooms
- 4 + 1
- Bathrooms
- 2
- Kitchens
- 2
- Total Rooms
- 10
- Basement
- Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 110 Feet
- Parking
- Attached garage · 6 total
Financial
- Property Taxes
- $5,466 (2025)
Location
- Neighbourhood
- Gorham-College Manor
- Cross Street
- Gorham/Alexander
- Direction Faces
- South
Listing
- MLS® Number
- N13552240
- Days on Market
- 100
- Listed On
- 2026-07-10
- Listed By
- HOMELIFE LANDMARK REALTY INC.
Rooms
Features
Interior
- Auto Garage Door Remote
Property
- Fenced Yard
- Hospital
- Place Of Worship
- Public Transit
- School
Pool
- None
- Included
- Two Stove, Two Fridge, Two Dishwasher, Two Vent hood. Two Sets of Washer & Dryer, All Elfs & Window coverings, GDOs.
- Rental items
- HWT
Mortgage calculator
Estimated mortgage payment
$4,649 per month
- Principal and interest
- $4,649
- Property tax
- $456
- Condo fees
- $0
- Estimated monthly cost
- $5,104
Your mortgage
- Mortgage amount
- $839,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $554,699
Cash to close
- Down payment
- $209,980
- Land transfer tax
- $17,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $227,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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