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Listed 21 days ago

634 Gorham Street

Gorham-College Manor, Newmarket

$995,000

Detached|2-Storey
4 | 3 | 6
About this home

Rare opportunity in the heart of Newmarket! Situated on an exceptional 66' x 165' lot with two separate driveways, this unique property offers outstanding flexibility and long-termpotential. An existing concept has been prepared for the construction of two separate detached homes on the property. Buyer to independently verify all development possibilities, zoning requirements, permits, and approvals. The home features a spacious open-concept living and dining area, a custom kitchen with quartz countertops and stainless steel appliances, and an oversized primary bedroom with an ensuite bathroom, two walk-in closets, and in-suite laundry. A large detached garage with electrical service offers excellent potential for a workshop, studio, home office, guest space, or additional future use, subject to approvals. Two separate entrances provide added flexibility for extended family living, potential rental income, or home-based business use. Located just steps from Main Street restaurants and cafés, Fairy Lake Park, the GO Station, and Southlake Hospital. An exceptional opportunity for investors, builders, end users, growing families, or buyers looking for a rare oversized lot with significant long-term potential. Don't Miss This Opportunity!

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,717
Lot Size66 ft x 165 ft
mls© NumberN13565712
Listed ByHOMELIFE FRONTIER REALTY INC.

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%
$5,093
Property tax
$393
Heat allowance
$150
Housing costs
$5,636 / mo

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

Down payment20% · $199,000
25-yr amortization

Income needed

$173,000

gross annual household income

Payment at 4%
$4,187 / mo
Cash down
$199,000

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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