$1,799,999 - 582 Gorham Street, Newmarket
Detached for Sale in Newmarket
36 days on market- MLS Number
- N12807166
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Experience pure luxury at this one-of-a-kind custom home, where no detail has been overlooked. Walking distance to Pickering College & Newmarket's Main St. Approximately 4800 total sqft of modern elegance, with oversized windows 6' & 6.5', this home is filled with natural light and boasts Standoff glass railings, solid oak treads, remote control blinds in the stairwell, 8' interior solid doors, a Danalock front entrance door, and built-in speakers on two levels. This home is also a smart haven with lights in the garage & front entrance, cameras, speakers, and appliances that can all be controlled from a smartphone. The high-end custom kitchen features a quartz backsplash and countertops, modern built-in magnetic track ceiling lights, Miele kitchen appliances, a Jenn-Air induction stove, a Miele gas stove top, and a Dacor fridge. The open-concept main floor features 10' ceilings, a Smart toilet in the powder room, heated floors in the entrance, engineered hardwood floors throughout (7.5" wide planks), and modern decorative flute panels, setting the tone for the exceptional design. The upper level features 9-foot ceilings, 4 spacious bedrooms, 3 bathrooms, and a second-floor laundry for ease of living. The master suite is your private retreat, with a custom walk-in closet, a luxurious 5-piece ensuite with custom cabinets, a glass-enclosed shower, a standalone tub and a large walk-in closet. The wired cameras (Lorex) offer added security, while the basement features 9' ceilings, offers a side door entrance, Hydronic heated floors, built-in speakers, a Sauna (A+ grade cedar), and a 3-piece bath, making this an ideal space for a home business, extra room for family & guests or a possible in-law suite. Outside features include Interlock walkways, garden beds, glass railings on the porch, a natural-gas BBQ valve, a metal roof, 3-car drive parking, a 2-car garage, and 8-foot privacy fencing. This home isn't just a place to live; it's a lifestyle, you can move in & enjoy!
Estimate your monthly payments for this property
Estimated Payment
$7,962.00/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.
582 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 $600/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.
Market Position
At 36 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 5 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.