592 GORHAM STREET, Newmarket (Gorham-College Manor)

$650,000

For sale: Multiplex

Multiplex at 592 GORHAM STREET, Newmarket (Gorham-College Manor)
Property type
Duplex
Bedrooms / bathrooms
3 bedrooms, 2 bathrooms
Living area
1,500 sqft
MLS®
MLS® N13796854
Neighbourhood
Gorham-College Manor

Unique Investment Opportunity In Downtown Newmarket. Currently Configured As An Up-Down Duplex. This Property Property Is Zoned R3-K with permitted uses bing Duplex, Triplex & Fourplex, and has Lot Dimensions of Approximately 59Ft X 147Ft (Per Mpac - No Survey Available). Built in 1920, this duplex has Separately Metered Main Floor & Upper Level electricity. Being Sold In As-Is Condition. Walk to Newmarket's historic downtown, enjoy the shops, restaurants and all the local events. Make this into a home with income potential, purchase with a family member to help each other out, or simply buy as an investment for monthly cash flow. Roof reshingled in 2023.

Sold data

Homes in Newmarket (Gorham-College Manor) — recent sold market

Homes in Newmarket (Gorham-College Manor) took a median of 21 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 39, across 240 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 41 days.

The median sale price was $949,450.

Homes sold for about 2.9% below asking on average, so there was room to negotiate.

About 18% of sales closed above the list price.

Around 17% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$949,450
Sale-to-list ratio
97.1%
Sold above asking
18%

Based on 240 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Newmarket (Gorham-College Manor)

Newmarket (Gorham-College Manor) has 24 Fraser Institute–rated schools (19 elementary and 5 secondary), averaging 6.3/10.

Rated schools
24
Elementary
19
Secondary
5
Average rating
6.3 / 10

Top-rated schools in Newmarket (Gorham-College Manor)

  • Bogart — elementary, NewmarketFraser rating 8.6/10
  • Newmarket — secondary, NewmarketFraser rating 8.5/10
  • Stuart Scott — elementary, NewmarketFraser rating 7.9/10
  • Rogers — elementary, NewmarketFraser rating 7.8/10
  • Sacred Heart — secondary, NewmarketFraser rating 7.2/10
  • Alexander Muir — elementary, NewmarketFraser rating 7.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 592 GORHAM STREET