634 Gorham St

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634 Gorham St, Newmarket
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5
BEDROOMS
3
BATHROOMS
2
KITCHENS
13
ROOMS
N8313454
MLSID
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Property Description
Rare investment opportunity to own a charming detached house with a registered Accessory Dwelling Unit in the heart of downtown Newmarket. This property contains 2 beautifully renovated units and a very large detached garage on a premium extra large lot. One unit has 3 br /2 bath and another unit has 2+1 br /1 bath. Both units fully renovated and VACANT!! The detached garage can also be converted into a 3rd legal unit upon obtaining permits. 66'x165' lot with 2 separate driveways provide endless possibilities for this property. Each unit offers open concept kitchen with custom cabinets and Quartz counter tops, Stainless steel appliances, In-suite laundry, Outdoor Space and private driveway. Brand new roof and also driveway on the right side of the house was just paved. 2 Sump pumps. Just steps to restaurants and cafes on Main Street, Fairy Lake Park, Go Station and Southlake Hospital. Property is sold As-Is/Where Is.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-02-28 2024-04-12 44 $2,800 - Terminated
2022-05-20 2022-05-28 9 $2,100 $2,100 Leased
2020-12-04 2020-12-06 2 $1,900 $2,500 Leased
Extras
2 Fridges, 2 Stoves, 2 Dishwashers, 2 Hood exhaust, 2 Washer/Dryer, 1 Furnace, 1 AC. 2 sump pumps.
Nearby Intersections
Property Details
Street
Property Type
Detached, Backsplit 3
Lot Size
66' x 165'
Fronting
South
Taxes
$4,450 (2023)
Basement
Part Fin
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
7
Driveway
Pvt Double
Garage Type
Detached
Newmarket Market Statistics
Newmarket Price Trend
634 Gorham St is a 5-bedroom 3-bathroom home listed for sale at $799,000, which is $1,155,500 (59.1%) lower than the average sold price of $1,954,500 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 5 bedroom home in Newmarket increased by $68,750 (3.6%) compared to the previous 30 day period (March 15 - April 13) and up $379,500 (24.1%) from the same time one year ago.
Inventory Change
There were 8 5-bedroom homes listed in Newmarket over the last 30 days (April 14 - May 13), which is down 27.3% compared with the previous 30 day period (March 15 - April 13) and up compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Newmarket typically sold ($107,724) (5.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $91,504 decrease compared to the previous 30 day period (March 15 - April 13) and ($19,888) 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 5-bedroom homes in Newmarket over the last 30 days (April 14 - May 13) stood at 50.0%, up from 36.4% over the previous 30 days (March 15 - April 13) and down from one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Newmarket stood at 29 days when successfully sold over the last 30 days (April 14 - May 13), compared to 42 days before being removed from the market upon being suspended or terminated.
Listing contracted with Right At Home Realty
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