634 Gorham St
Gorham-College Manor, Newmarket, L3Y 1L4
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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.
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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
Bayview & Mulock (41)
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Property Details
Street
Community
City
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
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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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