227 Prospect St
Gorham-College Manor, Newmarket, L3Y 3T8
FOR SALE
$799,900
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Property Description
Opportunity knocks. Century home in Central Newmarket location, steps to all the action and amenities of Main Street, walking distance to great parks and conservation areas, Southlake Hospital as well as the GoTRAIN station, and Pickering College. This 3-Bedroom home is situated on a 52ft x 177ft lot with private rear yard and features an oversized 1-car detached garage, covered front porch and enclosed side porch, hardwood floors, & a lot of character. This home has a lot of potential to be turned into something amazing! Must be seen.
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Extras
Built: 1900 per MPAC. R1-D zoning. First time offered in 65 years! Inspection report available for review upon showings so you can buy with confidence! 4th bedroom potential in loft space above kitchen.
Nearby Intersections
Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
52' x 177'
Acreage
< .50
Lot Irregularities
Irregular
Fronting
East
Taxes
$4,625 (2024)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.35' x 11.32' | Hardwood Floor, Window, O/Looks Frontyard |
| Den | Main | 11.42' x 7.58' | Vinyl Floor, Window, O/Looks Backyard |
| Family | Main | 11.75' x 11.68' | Laminate, West View, O/Looks Frontyard |
| Dining | Main | 11.48' x 8.20' | Laminate, Combined W/Family, North View |
| Kitchen | Main | 13.32' x 13.98' | Vinyl Floor, O/Looks Backyard, W/O To Porch |
| Prim Bdrm | 2nd | 12.47' x 10.83' | Laminate, Closet, O/Looks Frontyard |
| 2nd Br | 2nd | 9.28' x 11.35' | Vinyl Floor, Closet, O/Looks Frontyard |
| 3rd Br | 2nd | 9.28' x 11.29' | Laminate, Closet, O/Looks Backyard |
| Loft | 2nd | 13.45' x 13.88' | Vinyl Floor, Closet, North View |
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Newmarket Market Statistics
Newmarket Price Trend
227 Prospect St is a 3-bedroom 1-bathroom home listed for sale at $799,900, which is $217,952 (21.4%) lower than the average sold price of $1,017,852 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 3 bedroom home in Newmarket declined by $8,148 (0.8%) compared to the previous 30 day period (July 17 - August 15) and down $71,189 (6.5%) from the same time one year ago.Inventory Change
There were 49 3-bedroom homes listed in Newmarket over the last 30 days (August 16 - September 14), which is down 7.5% compared with the previous 30 day period (July 17 - August 15) and up 2.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Newmarket typically sold ($6,061) (0.6%) below asking price over the last 30 days (August 16 - September 14), which represents a $25,467 increase compared to the previous 30 day period (July 17 - August 15) and $12,294 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Newmarket over the last 30 days (August 16 - September 14) stood at 69.4%, up from 52.8% over the previous 30 days (July 17 - August 15) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Newmarket stood at 20 days when successfully sold over the last 30 days (August 16 - September 14), compared to 42 days before being removed from the market upon being suspended or terminated.Listing contracted with Coldwell Banker The Real Estate Centre
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