$739,000 - 269 Prospect Street, Newmarket
Detached for Sale in Newmarket
42 days on marketNeighbourhood: Gorham-College Manor
- MLS Number
- N13177848
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Attention Investors & Buyers: Exceptional turnkey property featuring two independent residential units with strong rental income potential. The property is fully updated inside and out. Exterior renovations include a newer roof, eavestroughs, premium stucco, a paved asphalt driveway, fencing, a deck, and fresh landscaping. The interior features modern flooring, custom closets, and updated bathrooms. The main level boasts high, loft-like ceilings that flood the space with natural light, along with a beautifully designed, functional kitchen. The lower level offers a fully finished basement suite with a separate private entrance, full kitchen, 3-piece bathroom, living room, and bedroom. Meticulously crafted with high-quality materials throughout, this move-in-ready home offers the perfect blend of sophisticated living and potential rental income. Do Not Miss out on this Property!
Estimate your monthly payments for this property
Estimated Payment
$3,791.45/mo
Includes CMHC insurance ($20,618)
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 Gorham-College Manor
Gorham-College Manor 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 Gorham-College Manor
- •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
Gorham-College Manor 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.
269 Prospect 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
Fair Market Value
At $1056/sqft, this property is priced in line with current Newmarket market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 42 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Gorham-College Manor
I know Gorham-College Manor well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.