A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 648 Gorham St, Newmarket Ontario L3Y 1L4
Re-listed 7 days ago

648 Gorham St, Newmarket, Ontario L3Y 1L4

Detached
4
5
~2500-3000 sqft
$•••,•••
$1
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Detached
4
5
~2500-3000 sqft

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Highlights

Property Estimate

Days on market7 days

Total days on market
56 days

Estimated valueNot available

Price/Sqft$0/sqft

Monthly cost

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CMA Subject Property

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+46

Properties sold*

$1.2M

Median sold price*

*Based on last 30 days

Description

5 Self-contained residence boasting significant Income property, situated on an expansive 66 166 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. Currently tenanted, with financial details available upon request. The property generates nearly $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

Style2-Storey
View-
Age of property-
SqFt~2500-3000 SqFt
Lot Size10,890 SqFt(165 x 66)
Parking Spaces8
MLS ®NumberN12550262
Community NameNeighborhood of Newmarket
Data SourceTRREB
Listing byRE/MAX REALTRON REALTY INC.

Features

Heating: Forced Air

Features

Lot size: 10,890 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Market Data - Neighborhood of Newmarket

Geo Zone Map ThumbnailNeighborhood of Newmarket

Balanced Market

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Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

31 days

Compared to

2024

23 days

2023

20 days

2022

20 days

New Listings

Past 30 days

131 listings

Compared to

2024

103 listings

2023

107 listings

2022

96 listings

Units sold

Past 30 days

46 units

Compared to

2024

46 units

2023

41 units

2022

64 units

Median Sold Price

Past 30 days

$1,080,000

Compared to

2024

$1,185,000

2023

$1,192,250

2022

$1,200,000


Population and Demographics

Overview

Total population 83920
Average household income $141,299

Age (%)

0 to 19
23%
20 to 34
18%
35 to 49
21%
50 to 64
23%
65 and plus
16%

Household composition (%)

Single family
75%
Single person
20%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
74%
Iranian Persian
5%
Mandarin
5%
Others
4%
Russian
3%
Yue (Cantonese)
3%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
75%
Renters
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget