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Gorham-College Manor, Newmarket
$1,639,900
Why buy a cottage when you can have one at home? Serenity, Tranquility, and Peace come to mind when you explore this Stunning Property. Welcome to Sought after Stewart Street, just steps to downtown Newmarket. Wake up in Multiple Bedrooms that face this expansive and luxurious backyard with a Firepit & the Soft Sounds of a river running past the furthest end of the property. This Quiet, Desirable home not only has the advantages of a dead end & cul-de-sac with next to no traffic but the feeling of escape with an amazing atmosphere associated with this magnificent backyard Oasis. A Large Walk-out to Sun-deck & Salt Water Pool. In 2021, an Amazing 2 Bedroom addition was completed to this already Decadent home, featuring a front pool facing room for Entertaining, an Upper Laundry Room and a lovely new Garage. Two A/Cs and two Furnaces were also done for added comfort. New flooring throughout, Pots, Closet Organizers, floor to ceiling window and so much more. A gorgeous Finished basement with Gas Fireplace, a single bedroom and entertainment area. This potential in-law suite also has a 2 piece Bath and a Separate Walk-up entrance to the Backyard. All Beautifully landscaped. New windows in 2019, New Roof in 2021. Exhale & Enjoy!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $7,717 |
| Lot Size | 60.04 ft x 198.16 ft |
| mls© Number | N13549636 |
| Listed By | RE/MAX HALLMARK REALTY LTD. |
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%
- $8,394
- Property tax
- $643
- Heat allowance
- $150
- Housing costs
- $9,187 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$283,000
gross annual household income
- Payment at 4%
- $6,901 / mo
- Cash down
- $327,980
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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