$1,299,900 - 788 Allan Avenue, Newmarket
Detached for Sale in Newmarket
Neighbourhood: Gorham-College Manor
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- MLS Number
- N13813592
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Newmarket
- Lot Size
- 8,686 sqft
- Taxes (2026)
- $4,751
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
First Time Ever On The Market! Discover Country Living In The City At 788 Allan Avenue! A newly renovated 2+2 bedroom bungalow situated on an oversized approximately 8,686 sq. ft. lot in Newmarket's desirable Gorham-College Manor community, backing onto a peaceful conservation area. Mature landscaped trees provide exceptional front-yard privacy, while hardwood flooring flows throughout the bright main level. The kitchen features stainless steel appliances, a centre island, track lighting &picture windows, opening seamlessly to the dining area with a walkout to the spacious deck for BBQs. Surrounded by large picture windows, the sun-filled living room overlooks the gorgeous above-ground heated saltwater pool. 2 generously sized bedrooms and a 4-piece bathroom complete the main floor. The ultimate highlight is the fully fenced, oasis-like backyard, thoughtfully designed with multi-level deck & patio areas offering abundant space for entertaining, family gatherings and pets. Mature fruit-bearing apple and cherry trees, grapevines enhance this serene outdoor retreat. The finished basement is soundproof & insulated is accessible through a separate entrance. The basement offers excellent in-law or rental potential with 2 bedrooms, a 3-piece bathroom, laundry area & an open-concept kitchen & recreation room featuring laminate flooring, pot lights, above-grade windows & a cozy wood-burning stove. Outdoor cameras, all pool equipment, the gazebo, 2 sheds and outdoor patio furniture are included for added convenience, while the private driveway accommodates four vehicles. Ideally located near Fairy Lake, Jim Bond Park, Don McKnight Field & Mabel Davis Conservation Area for outdoor recreation. Sacred Heart Catholic High School, Newmarket High School, Bogart Public School and other schools nearby. Enjoy convenient access to restaurants, shopping at Upper Canada Mall, SilverCity, Southlake Hospital, YRT/Viva transit, Newmarket GO Station and Highway 404 for easy GTA commuting.
Estimate your monthly payments for this property
Estimated Payment
$5,749.90/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 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.
788 Allan Avenue, 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
Premium Pricing
At $1182/sqft, this property is priced above the Newmarket average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 15 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.
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.
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.
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 $5,416 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.