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Listed 2 months ago

774 Sutherland Avenue

Gorham-College Manor, Newmarket

$1,650,000

Detached|Bungalow
4 | 2 | 6
About this home

Rare opportunity to own a spectacular 70 x 350 ft ravine lot backing onto town-owned open space with a river running through the rear of the property. This bright and well-kept 4-bedroom brick bungalow features an eat-in kitchen with hardwood flooring and a walkout to a deck overlooking the expansive backyard and picturesque ravine setting. The mostly finished basement offers a large recreation room with a wood-burning fireplace, pot lights, a 3-piece bath, workshop area, and an updated 100-amp electrical panel with breakers. Located in one of Newmarket's most desirable and evolving neighbourhoods, just a short walk to Fairy Lake, Historic Downtown Newmarket, Riverwalk Commons, local restaurants, cafés, pubs, and the farmers' market. Enjoy the home as-is, renovate, or take advantage of this exceptional lot to build your dream home in a truly one-of-a-kind setting. A rare offering combining privacy, natural beauty, and outstanding future potential. Potential building plans for a future custom residence may be available for purchase by interested buyers. Building permit application currently in process and nearing completion.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,581
Lot Size70 ft x 350.33 ft
mls© NumberN13233836
Listed ByNucorp Realty International

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,445
Property tax
$465
Heat allowance
$150
Housing costs
$9,061 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $330,000
25-yr amortization

Income needed

$279,000

gross annual household income

Payment at 4%
$6,943 / mo
Cash down
$330,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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