Gorham-College Manor, Newmarket, L3Y 5P9
Description
Attention Investors & Savvy Homebuyers! Incredible turnkey income property showcasing approx. 2,800 sq ft of total finished living space. This exceptionally well-maintained home features an ideal layout with excellent, stable tenants already in place generating gross rental income of $4,500/month (Upstairs: $2,600, Lower: $1,900). The bright and spacious principal residence features an updated kitchen (2016), neutral decor, and vinyl windows. The lower level boasts a fantastic basement apartment with a separate kitchen (2016). Enjoy peace of mind with extensive big-ticket upgrades: Brand New Deck, A/C (2022), Furnace (2019), and Shingles replaced 8 years ago. A rare, high-yield asset in a prime location. Nothing to do but collect rent!
Features
- Facing: South
- Bedrooms: 4
- Bathrooms: 2
- Garages: 2
- Kitchens: 1
Details
- Lot size: 50.00 x 110.00 Feet
- Space: 1500-2000
- Tax: $ 5466.00
- N13552240
- Listing contracted with: HOMELIFE LANDMARK REALTY INC.
| Room | Size(M) | Description | |
|---|---|---|---|
| Dining Rm | 4.69x3.99 | Laminate, Large Window, Combined w/Living |
|
| Living Rm | 3.99x2.96 | Laminate |
|
| Kitchen | 5.73x3.05 | Ceramic Floor, Backsplash, Overlooks Family |
|
| Primary B | 4.42x3.35 | Laminate, Closet |
|
| 2nd Br | 3.84x2.84 | Laminate, Closet |
|
| 3rd Br | 3.23x2.77 | Laminate, Closet |
|
| 4th Br | 3.66x2.78 | Laminate, Closet |
|
| Family Rm | 6.65x3.69 | Hardwood Floor, Fireplace, W/O To Deck |
|
| Laundry | 2.89x2.89 | Linoleum |
|
| Recreatio | 7.35x6.34 | Laminate |
|
| Utility R | 6.80x4.21 |
| Bathroom | Pieces | Level | |
|---|---|---|---|
| 1xBath | 3 pcs | In Betwe |
|
| 1xBath | 5 pcs | Upper |
Property Summary
Located close to the intersection of Gorham and Alexander, 874 Sparrow Rd is a 4+1 bedrooms 2 washrooms Detached. The unit has a Double Attached Parking Spaces. The property has many nice features including Auto Garage Door Remot. Dinning Room Rm, Living Room Rm and Kitchen are on the Main floor; Primary B, second bedroom and third bedroom are on the upper floor; Laundry and Recreation Roomreatio are on the Lower floor.Home Market Analysis
For Sale
For Lease
Comparable home values have decreased 10% compared with the same period last year.
Rent levels have remained relatively stable compared with the same period last year.
How This Home Compares
Local Area Profile
This property is located in a predominantly owner-occupied residential area with housing made up primarily of detached homes. Approximately 42% of residents hold a bachelor's degree or higher, while about 23% have a college credential. The large majority of local commuters travel by car.
School Information
Elementary Schools
-
Home schoolRank: 2196 out of 3022 (Score: 5.0)Distance to school: 0.8 km (~14 min walk)
-
French Immersion school
Rank: 2196 out of 3022 (Score: 5.0)Distance to school: 0.8 km (~14 min walk) -
Distance to school: 0.6 km (~11 min walk)
-
Rank: 963 out of 3022 (Score: 6.9)Distance to school: 2.3 km (~7 min drive)
-
Catholic Gifted program school
Rank: 626 out of 3022 (Score: 7.4)Distance to school: 18.1 km (~54 min drive) Secondary Schools
-
Home schoolRank: 219/746 (Score: 7.0) 5 year average: 257/746 (Score: 6.6)Distance to school: 1.1 km (~20 min walk)
-
Rank: 48/746 (Score: 8.5) 5 year average: 44/746 (Score: 8.1)Distance to school: 1.0 km (~18 min walk)
-
Arts program school
Rank: 219/746 (Score: 7.0) 5 year average: 257/746 (Score: 6.6)Distance to school: 1.1 km (~20 min walk) -
AP program school
Rank: 1/746 (Score: 10.0) 5 year average: 2/746 (Score: 9.3)Distance to school: 7.5 km (~23 min drive) -
Catholic Home school
Rank: 259/746 (Score: 6.8) 5 year average: 195/746 (Score: 7.0)Distance to school: 0.2 km (~3 min walk) -
Rank: 259/746 (Score: 6.8) 5 year average: 195/746 (Score: 7.0)Distance to school: 0.2 km (~3 min walk)
-
Rank: 259/746 (Score: 6.8) 5 year average: 195/746 (Score: 7.0)Distance to school: 0.2 km (~3 min walk)
