Listed for:Listed 28 days ago
$650,000

592 Gorham Street

Newmarket (Gorham-College Manor), ON L3Y 1L3

Detached House For Sale
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 592 Gorham Street, Newmarket, Gorham-College Manor

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 592 Gorham Street, Newmarket, Gorham-College Manor

Summarized Description

  • Unique investment opportunity in Downtown Newmarket.
  • Configured as an up-down duplex for rental income.
  • Zoned R3-K for multiple residential uses.
  • Separately metered electricity for each unit.
  • Walkable to shops, restaurants, and events.
  • Lot dimensions approximately 59Ft X 147Ft.
  • Roof recently reshingled in 2023.
  • Sold in as-is condition, offering potential.

Unique Investment Opportunity In Downtown Newmarket. Currently Configured As An Up-Down Duplex. This Property Property Is Zoned R3-K with permitted uses bing Duplex, Triplex & Fourplex, and has Lot Dimensions of Approximately 59Ft X 147Ft (Per Mpac - No Survey Available). Built in 1920, this duplex has Separately Metered Main Floor & Upper Level electricity. Being Sold In As-Is Condition. Walk to Newmarket's historic downtown, enjoy the shops, restaurants and all the local events. Make this into a home with income potential, purchase with a family member to help each other out, or simply buy as an investment for monthly cash flow. Roof reshingled in 2023.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,549
Land Transfer Tax Fee
$9,475

Rental Items

Rental Equipment
None

Basement Type
Partially Finished

Interior Features

Laundry Level
Main Level
Interior Extras
Separate Hydro Meter, Water Heater Owned
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Detached
Building Style
2-Storey

Construction

Exterior Finish
Wood
Roof
Asphalt Shingle
Foundation Details
Stone
Special Designation
Unknown

Lot

Lot Front
59.41 ft
Lot Depth
147.10 ft
Lot Size
0.2

Inclusions

Inclusions
Home sold as-is.

Exclusions

Exclusions
None

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
6
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
None
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Available
Telephone
Available

Bedrooms
3
Washrooms
2
Kitchens
2
Family / bonus room
Yes

Room sizes

  • Living Room—
    Main level
  • Dining Room—
    Main level
  • Bedroom—
    Second level
  • Kitchen—
    Main level
  • Family Room—
    Main level
  • Bedroom—
    Second level
  • Den—
    Main level
  • Living Room—
    Second level
  • Kitchen—
    Second level
  • Bedroom—
    Main level

Washrooms

  • 4-piece, Main
  • 4-piece, Second

Municipality
Newmarket
Neighbourhood
Gorham-College Manor
Main cross streets
Gorham/Prospect
Zoning
R3-K
Directions
East of Prospect/South of Gorham

MLS® number
N13796854
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-17
Updated on
2026-10-01
Days on market
28 days
Possession type
Immediate
Co-op commission
2.5% + HST
Seller
Listed by
COLDWELL BANKER THE REAL ESTATE CENTRE

Home Market Value

Current home valuation for 592 Gorham Street, Newmarket, Gorham-College Manor, Newmarket, ON. Listed for $650,000

HOMEH Estimate

?

$559,159

Estimated Sales Range

?

$506,901 - $644,267

HOMEH Estimate for 592 Gorham Street, Newmarket, Gorham-College Manor

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$559,159Low confidence
Based on 3 comparable properties
+ $90,841 (16%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Newmarket, ON
Minimum Down Payment Required:6.2%

5% on first $500K + 10% on $150,000 over $500K

Minimum down payment

$40,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$24,388$18,135$15,470$0
=Total mortgage
$634,088$603,135$567,970$520,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$3,096monthly$2,945monthly$2,773monthly$2,539monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$9,475

Total Land Transfer Tax

$9,475

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