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Price Change$879,000

181 Newton Street E

Gorham-College Manor, Newmarket

$839,000

Detached|Bungalow
2 | 2 | 5
About this home

Great investment opportunity ideal for both investors and first-time buyers seeking rental income. Located near fairy Lake and Newmarket's lively Main street. This fully renovated 2+1 bungalow site on a beautiful lot with a large, deep backyard, spacious deck, and plenty of outdoor space. Includes a legal one-bedroom basement apartment with a private entrance, featuring a brand-new kitchen, Laminate flooring, and in-suite laundry-perfect for generating rental income. situated in the desirable Bayview/Leslie business area within a quiet, family-friendly neighborhood. Convenient access to Hwy 404, just 15 minutes to Upper Canada Mall/ Five minutes to No-frills, walk 2 Elementary School/ 3 High school. Spend $140 K in total renovation, New 200 Amp electrical panel, Quality Hardwood Garage opener, new Kitchen, Large deck, living room, Lot window covering, 2 Fridge, 2 Stove, Dishwasher/ 2 Dry. New Roof, Furnace, AC

Extras

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,113
Lot Size50 ft x 135 ft
mls© NumberN13119954
Listed ByHOMELIFE LANDMARK REALTY INC.

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%
$4,294
Property tax
$343
Heat allowance
$150
Housing costs
$4,787 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $167,800
25-yr amortization

Income needed

$147,000

gross annual household income

Payment at 4%
$3,531 / mo
Cash down
$167,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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