







137 Wesley Street
Gorham-College Manor, Newmarket
$999,800
Attention Builders/Contractors/Investors, Renovate Existing Home Siting On a 100'X100' lot or Own Three (3) Lots And Build Three Detached Homes Side-By-Side In A Well-Established Neighbourhood In The Heart Of Newmarket. Each Lot Is Approx. 33' X 100', Zoned As R1-D, With Up To 35% Coverage And 8.5m Height. Minor Variance And Consent Applications Approved, Permitting A Single Family Home With Allowance For One Accessory Dwelling With A Separate Entrance On Each Lot. Existing House Can Be Demolished With Development Charges Credited To The New Development (Approx. $140K In Potential Savings). Option For Two Lots (Approx. 50' X 100' Each) Is Also Approved and Available. Close To Main St., Go Train Station, Several Schools, Southlake Hospital And Fairy Lake. Surveys, R-Plan And Legal Description Are Available Upon Request. Existing House And All Contents Are Sold As-Is, Where-Is.
No extras listed.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,797 |
| Lot Size | 100 ft x 100 ft |
| mls© Number | N12156465 |
| Listed By | COLDWELL BANKER THE REAL ESTATE CENTRE |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,117
- Property tax
- $400
- Heat allowance
- $150
- Housing costs
- $5,667 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$174,000
gross annual household income
- Payment at 4%
- $4,207 / mo
- Cash down
- $199,960
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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Comparable sales
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