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Gorham-College Manor, Newmarket
$1,499,000
Beautiful family home backing onto a private ravine, offering 3,056 sq.ft. of above-grade living space plus a finished walkout basement. Bright and functional layout featuring a main floor home office, gourmet kitchen with quartz countertops, elegant wainscoting throughout the main floor, and abundant pot lights. Walk out from the kitchen to a huge deck overlooking the private backyard with interlock landscaping.The finished walkout basement features 2 bedrooms, each with its own ensuite bathroom, plus a second kitchen and separate laundry, offering excellent flexibility for extended family or income potential.Extra-long driveway accommodates up to 4 vehicles, in addition to the double garage. Conveniently located close to Magna Community Centre, walking distance to Newmarket High School, grocery stores, restaurants, parks and more. Minutes to Costco, Upper Canada Mall, South Lake Hospital and easy access to Hwy 404. New insulation (2025), interlock (2024), renovated primary bathroom (2024), newer stove/oven (2025)
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3000-3500 sq. ft. |
| Property Tax | $7,941 |
| Lot Size | 49.48 ft x 140.17 ft |
| mls© Number | N13599092 |
| Listed By | BAY STREET INTEGRITY 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%
- $7,673
- Property tax
- $662
- Heat allowance
- $150
- Housing costs
- $8,484 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$261,000
gross annual household income
- Payment at 4%
- $6,308 / mo
- Cash down
- $299,800
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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