$1,575,000 - 1001 Gorham Street, Newmarket
Detached for Sale in Newmarket
Popular Listing- MLS Number
- N13210886
- Property Type
- Detached
- Status
- active
- Days on Site
- 10
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Here is your opportunity to own a custom 3 car garage executive style home in one of Newmarket's most sought after neighbourhoods with a private sprawling backyard. This breathtaking home will leave you in complete awe from the moment you pull up to the enormous 6 car driveway, professionally finished with stunning interlock , a striking exterior with beautiful stonework and elegant double front doors. Step inside to be welcomed by a jaw dropping foyer with soaring 20 foot ceilings and immediately notice the incredible thoughtfully designed layout of the entire sun boasting main floor. This home is meticulously maintained and truly move in ready with all the finishes and features you only see in model homes including modern hardwood flooring, coffered ceilings, crown moulding, upgraded high end light fixtures and chandeliers, and a gorgeous chef-inspired kitchen fit for royalty with all principal rooms very generously sized making this the perfect entertainers home!!! It doesn't end there, this home also comes with a large mud room, convenient main floor laundry and direct access into the home from your impressive clean 3 car garage. Upstairs you will find 4 very spacious bedrooms with the primary bedroom offering a sunroom, his and hers walk in closets(yes two walk in closets) and a 5 piece ensuite. You really can have it all and at prices we may not see again all while sitting on a massive 55 by 208 foot lot, with a fully fenced, private lush backyard in a quiet desirable neighbourhood with high ranked French Immersion school and seconds from every grocery store, retail, restaurant and department store you can think of including amazing parks and Hwy 404!!!
Estimate your monthly payments for this property
Estimated Payment
$6,966.76/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Newmarket
Newmarket is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Newmarket
- •Convenient location in Newmarket
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Newmarket offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1001 Gorham Street, Newmarket
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $525/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Detached Home Advantages
Detached homes in Newmarket are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Newmarket. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Newmarket properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,563 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.