$899,000
↓ $89,000 from $988,000
Est. payment $3,981/moCalculate yours
137 Wesley Street, Newmarket, ON L3Y 3N9
Gorham-College Manor, Newmarket, ON L3Y 3N9
- 3 Beds
- 2 Baths
- 1,100 Sq Ft
Listing courtesy of COLDWELL BANKER THE REAL ESTATE CENTRE MLS® N13698478
About this home
ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Rare Opportunity to Acquire a 100′ X 100′ Property in the Heart of Newmarket with an Approved 3-Lot Severance, Creating Three Approximately 33′ X 100′ Lots and Offering the Opportunity to Build Three Detached Homes Side-By-Side in an Established Residential Neighbourhood. Consent and Minor Variance Applications Have Been Approved, With Each Proposed Lot Permitting a Single-Family Home with Provision for One Accessory Dwelling Unit with A Separate Entrance. The Property Is Currently Improved with an Existing Home, Offering the Flexibility to Renovate qnd Retain the Existing Dwelling or Pursue the Approved Redevelopment Opportunity. R1-D Zoning, With Up To 35% Lot Coverage And 8.5m Maximum Building Height, Provides an Attractive Development Framework. Potential Development Charge Credit for the Existing House with Redevelopment. Alternatively, an Approved Two-Lot Configuration of Approximately 50′ X 100′ Each Is Also Available, Providing Flexibility for Different Development Strategies. Located In a Well-Established and Highly Desirable Newmarket Neighbourhood, Close to Main Street, Newmarket GO Station, Schools, Southlake Hospital and Fairy Lake. Existing Dwelling and All Contents Are Being Sold As-Is, Where-Is. A Rare Opportunity to Acquire a Development-Ready Site with Multiple Options in an Established Newmarket Location..
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- Price Change
- Size
- 1,100 sqft
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- Partially Finished, Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Other
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 100 x 100 Feet
- Parking
- None garage · 6 total
Financial
- Property Taxes
- $4,944 (2026)
Location
- Neighbourhood
- Gorham-College Manor
- Cross Street
- Prospect & Srigly
- Direction Faces
- East
Listing
- MLS® Number
- N13698478
- Days on Market
- 60
- Listed On
- 2026-08-19
- Possession
- Flexible
- Listed By
- COLDWELL BANKER THE REAL ESTATE CENTRE
Features
Interior
- Water Heater
Pool
- None
- Included
- Existing Appliances, window coverings & light fixtures, As-Is Condition
- Excluded
- None
- Rental items
- None
Mortgage calculator
Estimated mortgage payment
$3,981 per month
- Principal and interest
- $3,981
- Property tax
- $412
- Condo fees
- $0
- Estimated monthly cost
- $4,393
Your mortgage
- Mortgage amount
- $719,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $474,973
Cash to close
- Down payment
- $179,800
- Land transfer tax
- $14,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $194,255
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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