A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 648 Gorham St, Newmarket Ontario L3Y 1L4
54 days on Market

648 Gorham St, Newmarket, Ontario L3Y 1L4

Detached
5
5
~2500-3000 sqft
$788,000
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Detached
5
5
~2500-3000 sqft

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Highlights

Property Estimate

Days on market54 days

Estimated valueNot available

Price/Sqft$289/sqft

Monthly cost

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Description

Self-contained residence boasting significant Income property, situated on an expansive 66 x166 ft lot. Ideal for both prospective homeowners and investors, this property offers two driveways, enhancing versatility and rental income opportunities. Located in a sought-after neighborhood with close proximity to schools, hospital, and public transit. The property generates nearly over $6,000 in net income, allowing you to live comfortably while rental income helps cover your mortgage. Featuring five reliable tenants and numerous upgrades, this home presents promising future possibilities in a prime location.

Property Details

Style2-Storey
View-
Age of property-
SqFt~2500-3000 SqFt
Lot Size10,890 SqFt(165 x 66)
Parking Spaces6
MLS ®NumberN13752864
Community NameNeighborhood of Newmarket
Data SourceTRREB
Listing byRE/MAX REALTRON REALTY INC.

Features

Heating: Forced Air
Basement: Full

Features

Lot size: 10,890 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 6

Property listed by RE/MAX REALTRON REALTY INC., Brokerage
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Market Data - Neighborhood of Newmarket

Geo Zone Map ThumbnailNeighborhood of Newmarket

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

22 days

Compared to

2025

31 days

2024

23 days

2023

20 days

New Listings

Past 30 days

113 listings

Compared to

2025

131 listings

2024

103 listings

2023

107 listings

Units sold

Past 30 days

44 units

Compared to

2025

46 units

2024

46 units

2023

41 units

Median Sold Price

Past 30 days

$1,040,000

Compared to

2025

$1,080,000

2024

$1,185,000

2023

$1,192,250

Population and Demographics

Overview

Total population 83920
Average household income $141,299

Age (%)

0 to 19
23%
20 to 34
18%
35 to 49
21%
50 to 64
23%
65 and plus
16%

Household composition (%)

Single family
75%
Single person
20%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
74%
Iranian Persian
5%
Mandarin
5%
Others
4%
Russian
3%
Yue (Cantonese)
3%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
75%
Renters
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget