$788,000
Est. payment $3,489/moCalculate yours
648 Gorham Street, Newmarket, ON L3Y 1L4
Gorham-College Manor, Newmarket, ON L3Y 1L4
- 5 Beds
- 5 Baths
- 2,500 Sq Ft
Listing courtesy of RE/MAX REALTRON REALTY INC. MLS® N13752864
About this home
Self-contained residence boasting significant Income property, situated on an expansive 66 x166 ft lot. Ideal for both prospective homeowners and investors, this property offers two driveways, enhancing versatility and rental income opportunities. Located in a sought-after neighborhood with close proximity to schools, hospital, and public transit. The property generates nearly over $6,000 in net income, allowing you to live comfortably while rental income helps cover your mortgage. Featuring five reliable tenants and numerous upgrades, this home presents promising future possibilities in a prime location.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 2,500 sqft
Interior
- Bedrooms
- 5
- Bathrooms
- 5
- Kitchens
- 5
- Basement
- Full
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Stucco (Plaster)
- Foundation
- Block
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 66 x 165 Feet
- Parking
- Other garage · 6 total
Financial
- Property Taxes
- $4,289 (2025)
Location
- Neighbourhood
- Gorham-College Manor
- Cross Street
- Leslie and Gorham
- Direction Faces
- South
Listing
- MLS® Number
- N13752864
- Days on Market
- 40
- Listed On
- 2026-09-08
- Possession
- TBA
- Listed By
- RE/MAX REALTRON REALTY INC.
Features
Interior
- Accessory Apartment
Property
- Hospital
- Public Transit
- School
Pool
- None
- Included
- All Apliances. Furnace. W & D.
- Excluded
- None.
- Rental items
- HWT.
Mortgage calculator
Estimated mortgage payment
$3,489 per month
- Principal and interest
- $3,489
- Property tax
- $357
- Condo fees
- $0
- Estimated monthly cost
- $3,846
Your mortgage
- Mortgage amount
- $630,400
- Mortgage insurance
- Not needed
- Interest over 25 years
- $416,328
Cash to close
- Down payment
- $157,600
- Land transfer tax
- $12,235
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $169,835
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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