648 Gorham St Newmarket near Leslie and Gorham | Detached home for sale

Description

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.

Features

Facing: South
Bedrooms: 5
Bathrooms: 5
Garages:
Kitchens: 5

Details

Lot size: 66.00 x 165.00 Feet
Space: 2500-3000
Tax: $ 4288.83
N13752864
Listing contracted with: RE/MAX REALTRON REALTY INC.

Bathroom	Pieces	Level
1xBath	4 pcs	Main
1xBath	4 pcs	Main
1xBath	4 pcs	Main
2xBaths	4 pcs	Second

Property Summary

Located close to the intersection of Leslie and Gorham, 648 Gorham St is a 5 bedrooms 5 washrooms Detached. The property basement is not finished. The property has many nice features including Accessory Apartment. .

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 7.2% compared with the same period last year.

Rent levels have decreased 35.3% compared with the same period last year.

Recent Comparable Value Range

$1,090,000 – $1,310,000

Recent 6-Month Rent Range

$1,900 – $3,300/month

How This Home Compares

Market Temperature

Seller's Market

Strong SellerSellerBalancedBuyerStrong Buyer

Inventory conditions currently favour sellers of similar homes.

Typical Selling Time

19 Days

Similar homes are selling in about 19 days, faster than the same period last year.

Price Position

34.3% Lower

The asking price is below the estimated value of comparable homes.

Local Area Profile

This property is located in an area with a high level of homeownership with housing made up primarily of detached homes. Approximately 40% of residents hold a bachelor's degree or higher, while about 24% have a college credential. The large majority of local commuters travel by car.

School Information

Elementary Schools
Prince Charles Public School (Grade: JK-08) | School Boundary

Home school

Rank: 2196 out of 3022 (Score: 5.0)

Distance to school: 0.4 km (~7 min walk)
Prince Charles Public School (Grade: 01) | School Boundary

French Immersion school

Rank: 2196 out of 3022 (Score: 5.0)

Distance to school: 0.4 km (~7 min walk)
Mazo De La Roche Public School (Grade: 02-08) | School Boundary

French Immersion school

Distance to school: 1.2 km (~22 min walk)
ST. ELIZABETH SETON (Grade: JK - 8) | School Boundary

Catholic French Immersion school

Rank: 963 out of 3022 (Score: 6.9)

Distance to school: 2.8 km (~8 min drive)
FATHER HENRI J.M. NOUWEN (Grade: JK - 8) | School Boundary

Catholic Gifted program school

Rank: 626 out of 3022 (Score: 7.4)

Distance to school: 17.7 km (~53 min drive)
Secondary Schools
Huron Heights Secondary School (Grade: 09-12) | School Boundary

Home school

Rank: 219/746 (Score: 7.0) 5 year average: 257/746 (Score: 6.6)

Distance to school: 1.3 km (~24 min walk)
Newmarket High School (Grade: 09-12) | School Boundary

French Immersion school

Rank: 48/746 (Score: 8.5) 5 year average: 44/746 (Score: 8.1)

Distance to school: 1.3 km (~24 min walk)
Huron Heights Secondary School (Grade: 09-12) | School Boundary

Arts program school

Rank: 219/746 (Score: 7.0) 5 year average: 257/746 (Score: 6.6)

Distance to school: 1.3 km (~24 min walk)
Dr. G.W. Williams Secondary School (Grade: 09-12) | School Boundary

AP program school

Rank: 1/746 (Score: 10.0) 5 year average: 2/746 (Score: 9.3)

Distance to school: 7.0 km (~21 min drive)
SACRED HEART (Grade: 9 - 12) | School Boundary

Catholic Home school

Rank: 259/746 (Score: 6.8) 5 year average: 195/746 (Score: 7.0)

Distance to school: 0.9 km (~16 min walk)
SACRED HEART (Grade: 9 - 12) | School Boundary

Catholic AP program school

Rank: 259/746 (Score: 6.8) 5 year average: 195/746 (Score: 7.0)

Distance to school: 0.9 km (~16 min walk)
SACRED HEART (Grade: 9 - 12) | School Boundary

Catholic Gifted program school

Rank: 259/746 (Score: 6.8) 5 year average: 195/746 (Score: 7.0)

Distance to school: 0.9 km (~16 min walk)