$1,499,000 - 750 Gorham Street, Newmarket
Detached for Sale in Newmarket
53 days on market- MLS Number
- N13041074
- Property Type
- Detached
- Status
- active
- Days on Site
- 53
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- REMAX CONNECT REALTY
Welcome to 750 Gorham Street, located in the highly sought-after Gorham-College Manor neighborhood of Newmarket. This is a rare opportunity to own a professionally renovated, turn-key home, offering exceptional long-term value and peace of mind. The spacious, open-concept living room addition (2022) features 12-foot ceilings and a 40 x 20 ft layout. Oversized windows, elegant French doors, and upgraded electrical create a bright, airy atmosphere filled with natural light, perfect for entertaining and everyday living. The entire home boasts new flooring, windows, doors, electrical, and modern lighting (2024). The custom kitchen is equipped with new cabinetry, a pantry, countertops, a Bosch dishwasher, a gas stove connection, and an upgraded electrical panel. All four bedrooms have been refreshed with new flooring, windows, and custom closets, and the main bathroom and powder room feature fully renovated, contemporary finishes. The basement extends the living space with a large addition that includes hydronic radiant floor heating, an upgraded electrical panel, new windows, insulation, and rough-ins for a gas fireplace, ensuring a warm and energy-efficient environment. Major mechanical updates include newer air conditioning (2022), a furnace motor (2023), and a new water heating system. Exterior upgrades include a new roof and eavestroughs (2024), all new windows with soundproofing and UV protection (2023), oversized patio French doors, new fencing, landscaping, outdoor lighting, and a gas BBQ connection. For added peace of mind, asbestos removal was professionally completed during the 2023 renovation. This home is close to top-rated schools, including Sacred Heart Catholic High School, Newmarket High School, and private Pickering College. Surrounded by parks, trails, and green space, with quick access to Highway 404, public transit, and the GO Station, 750 Gorham Street offers a perfect balance of convenience, comfort, and lifestyle. Enjoy over 3,000 sq ft of space.
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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.
750 Gorham Street, Newmarket
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Rental income estimator & ROI calculator
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 $750/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.
Negotiation Opportunity
At 53 days on site, this property has exceeded the typical selling timeline for Newmarket. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Newmarket.
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 $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.