507 Rourke Place
Gorham-College Manor, Newmarket
$1,050,000
Beautiful freehold townhome in a sought-after Newmarket neighbourhood featuring a versatile and functional layout. Offers 3 bedrooms, with the 3rd bedroom easily used as a second-floor family room, office, or additional living space. Spacious primary retreat with a super-sized ensuite bath. The 3rd bedroom/flex room features a cozy fireplace, adding warmth and character. Convenient second-floor laundry.The fully finished basement provides additional living space with a large recreation room and a full 4-piece bathroom, perfect for entertaining, guests, or extended family. Neutral décor throughout makes this home move-in ready.Enjoy direct access to the attached 1.5-car garage plus parking for up to 4 vehicles on the driveway. Ideally located close to schools, parks, shopping, transit, and all amenities.
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| Type | Att/Row/Townhouse |
| Style | 2-Storey |
| Approx. Age | 16-30 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,800 |
| Lot Size | 28.5 ft x 171.69 ft |
| mls© Number | N13438966 |
| Listed By | RE/MAX REAL ESTATE CENTRE 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%
- $5,374
- Property tax
- $400
- Heat allowance
- $150
- Housing costs
- $5,924 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$182,000
gross annual household income
- Payment at 4%
- $4,419 / mo
- Cash down
- $210,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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