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Listed 2 months ago

621 Lydia Street

Gorham-College Manor, Newmarket

$775,000

Detached|1 1/2 Storey
2 | 2 | 4
About this home

CHARACTER-FILLED CENTURY HOME ON A 70 X 130 FT LOT ACROSS FROM FAIRGROUNDS PARK & MOMENTS FROM HISTORIC MAIN STREET! A big in-town lot across from the park is already a win, but add wood beams, a vaulted kitchen, a 3-season room, and a spiral staircase, and 621 Lydia Street has the character you don't often find. Set directly across from Fairgrounds Park with a playground, ball diamonds and green space, this home places schools, transit, shopping and restaurants close by, with Historic Main Street, Fairy Lake Park, Riverwalk Commons, Upper Canada Mall and Southlake Health all within a quick drive. Mature trees frame the 70 x 130 ft lot, complete with driveway parking for 4, a shed and a large yard with room for gardens, play space and outdoor dining. The main level is full of personality, featuring exposed wood beams, warm wood trim, hardwood flooring, cheerful paint tones and a spiral staircase. A large vaulted kitchen offers wood cabinetry, tile flooring, a skylight, plenty of prep space and a walkout to the 3-season room, where park views make morning coffee feel extra special. A main floor 3-piece bathroom with a clawfoot tub adds vintage charm, while the upper level features 2 bedrooms and a 3-piece bathroom, including a primary bedroom with a walkout to an elevated deck. Zoning may permit an accessory dwelling unit, bed and breakfast establishment, home occupation and private home daycare, offering added flexibility for a range of future uses. With a walkable Newmarket location, a generous 70 x 130 ft lot and character throughout, this #HomeToStay is full of details that make it feel anything but ordinary.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$4,512
Lot Size70 ft x 130 ft
mls© NumberN13468720
Listed ByRE/MAX HALLMARK PEGGY HILL GROUP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,967
Property tax
$376
Heat allowance
$150
Housing costs
$4,493 / mo

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

Down payment20% · $155,000
25-yr amortization

Income needed

$138,000

gross annual household income

Payment at 4%
$3,261 / mo
Cash down
$155,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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