$2,300/mo - 85 Prospect Street Unit 2nd Flr, Newmarket
Detached for Rent in Newmarket
Neighbourhood: Gorham-College Manor
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- MLS Number
- N13797584
- Property Type
- Detached
- Status
- active
- Days on Site
- 20
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- ENGEL & VOLKERS TORONTO CITY
Queen/Prospect - Stunning & Spacious 1-Bedroom Loft ApartmentBright, spacious and professionally renovated 2nd-floor loft apartment in the heart of old Newmarket. An ideal location for Southlake Hospital employees, professionals and commuters looking for a unique home within walking distance of Main Street!Welcome to 85 Prospect Street-just steps from the shops, boutiques, cafés and restaurants of historic Main Street Newmarket, as well as Riverwalk Commons, offering skating, concerts and cultural events throughout the year.From the moment you enter, this beautiful suite impresses with its soaring vaulted ceilings, classic mouldings, abundant natural light and spacious open-concept design.The spectacular gourmet kitchen features a HUGE centre island, an abundance of soft-close cabinetry and stainless-steel appliances. The kitchen opens seamlessly into the large living area with vaulted ceilings and bright windows-perfect for both relaxing and entertaining.Features Include:Large king-sized bedroom with vaulted ceiling, generous closet and natural lightSmall den/home-office area leading to a private balconyFull bathroom with soaking tub, perfect for unwinding after a long dayLinen closets and excellent additional storageUpgraded laminate flooring throughoutWindow Unit air conditioning (1)1 parking spaceBright, open-concept floor planSome furniture may remain if desiredWasher and dryer are available for purchase from the current tenantEnjoy living in a mature, peaceful neighbourhood while being close to everything. Walk to Southlake Regional Health Centre, Main Street Newmarket, Riverwalk Commons, shopping, restaurants, cafés and local amenities.Excellent transit connections with YRT service to Upper Canada Mall and the Newmarket GO Station, plus convenient access to Highways 404 and 400 for commuters.A unique executive-style loft offering space, character, convenience and an unbeatable Olde Newmarket location!
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.
85 Prospect Street Unit 2nd Flr, Newmarket
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fairly Priced Rental
At $2,300/mo, this is in line with typical 1-bedroom rents in Newmarket (~$2,300/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Market Position
At 20 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.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.