874 SPARROW ROAD, Newmarket (Gorham-College Manor)
$1,049,900
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 5 bedrooms, 2 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® N13552240
- Neighbourhood
- Gorham-College Manor
Attention Investors & Savvy Homebuyers! Incredible turnkey income property showcasing approx. 2,800 sq ft of total finished living space. This exceptionally well-maintained home features an ideal layout with excellent, stable tenants already in place generating gross rental income of $4,500/month (Upstairs: $2,600, Lower: $1,900). The bright and spacious principal residence features an updated kitchen (2016), neutral decor, and vinyl windows. The lower level boasts a fantastic basement apartment with a separate kitchen (2016). Enjoy peace of mind with extensive big-ticket upgrades: Brand New Deck, A/C (2022), Furnace (2019), and Shingles replaced 8 years ago. A rare, high-yield asset in a prime location. Nothing to do but collect rent!
Sold data
Detached homes in Newmarket (Gorham-College Manor) — recent sold market
Detached homes in Newmarket (Gorham-College Manor) took a median of 20 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 36, across 156 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 37 days.
The median sale price was $1,099,000.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 21% of sales closed above the list price.
Around 15% of sellers reduced their price before finding a buyer.
- Median days to sell
- 21
- Median sale price
- $1,099,000
- Sale-to-list ratio
- 96.7%
- Sold above asking
- 21%
Based on 156 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
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$1,099,000
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