874 Sparrow Road
Newmarket (Gorham-College Manor), ON L3Y 5P9
- 4+1Bedrooms
- 2Bathrooms
- 2Garage
- 1500–2000Sq Ft
- $5,466Tax
- 50×110 ftLot Size
Estimated Value:$836,428See Free Estimate Report
Sale & Price History for 874 Sparrow Road, Newmarket, Gorham-College Manor
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 874 Sparrow Road, Newmarket, Gorham-College Manor
Summarized Description
- Turnkey income property with stable tenants in place.
- Gross rental income of $4,500/month.
- Updated kitchen and separate basement kitchen.
- Extensive upgrades including new deck and A/C.
- Bright, spacious layout with neutral decor.
- Located in a prime area for investors.
- Nothing to do but collect rent.
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!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $5,466
- Land Transfer Tax Fee
- $17,473
Rental Items
- Rental Equipment
- HWT
- Basement Type
- Finished
Interior Features
- Laundry Level
- Lower Level
- Interior Extras
- Auto Garage Door Remote
- Fireplace/Stove
- Yes
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Fenced Yard, Hospital, Place Of Worship, Public Transit, School
Building
- Building Type
- Detached
- Building Style
- Backsplit 5
Construction
- Exterior Finish
- Aluminum Siding, Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 50.00 ft
- Lot Depth
- 110.00 ft
- Lot Size
- 50.00 x 110.00 Feet
- Lot Size Code
- 50.00 x 110.00 Feet
Inclusions
- Inclusions
- Two Stove, Two Fridge, Two Dishwasher, Two Vent hood. Two Sets of Washer & Dryer, All Elfs & Window coverings, GDOs.
Parking & Garages
- Garage Type
- Attached
- Garage Spaces
- 2
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 6
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Hydro
- Yes
- Cable
- Available
- Telephone
- Yes
- Bedrooms
- 4 + 1
- Washrooms
- 2
- Kitchens
- 2
- Family / bonus room
- Yes
Room sizes
- Kitchen5.73 x 3.05Main level, Ceramic Floor, Backsplash, Overlooks Family
- Utility Room6.80 x 4.21Basement level
- Dining Room4.69 x 3.99Main level, Laminate, Large Window, Combined w/Living
- Recreation7.35 x 6.34Lower level, Laminate
- Primary Bedroom4.42 x 3.35Upper level, Laminate, Closet
- Bedroom 23.84 x 2.84Upper level, Laminate, Closet
- Bedroom 33.23 x 2.77Upper level, Laminate, Closet
- Living Room3.99 x 2.96Main level, Laminate
- Family Room6.65 x 3.69In Between level, Hardwood Floor, Fireplace, W/O To Deck
- Bedroom 43.66 x 2.78In Between level, Laminate, Closet
- Laundry2.89 x 2.89Lower level, Linoleum
Washrooms
- 3-piece, In Between
- 5-piece, Upper
- Area
- Newmarket
- Municipality
- Newmarket
- Neighbourhood
- Gorham-College Manor
- Main cross streets
- Gorham/Alexander
- Directions
- Gorham/Alexander
- MLS® number
- N13552240
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-07-10
- Updated on
- 2026-07-30
- Days on market
- 101 days
- Possession date
- 2026-09-01
- Possession type
- Flexible
- Co-op commission
- 2.5%
- Seller
- Listed by
- HOMELIFE LANDMARK REALTY INC.
Home Market Value
Current home valuation for 874 Sparrow Road, Newmarket, Gorham-College Manor, Newmarket, ON. Listed for $1,049,900
HOMEH Estimate
$836,428
Estimated Sales Range
$660,778 - $1,040,689
HOMEH Estimate for 874 Sparrow Road, Newmarket, Gorham-College Manor
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $549,900 over $500K
$79,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $38,762 | $29,292 | $24,988 | $0 |
=Total mortgage | $1,007,820 | $974,202 | $917,403 | $839,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,921monthly | $4,757monthly | $4,479monthly | $4,101monthly |
Land Transfer Tax
$17,473
$17,473
Around this home
No schools found nearby
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