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Listing photo of 592 GORHAM STREET

Newmarket

Detached in Newmarket

$650,000

592 GORHAM STREET, Newmarket, L3Y1L3

MLS Number: N13796854

Beds

3

Baths

2

Listing

For Sale

Type

Detached

Square Feet

1,100 - 1,500

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.

Location

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592 GORHAM STREET, Newmarket, L3Y1L3

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Nearby Schools

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Down Payment

$130,000

Mortgage Amount

$520,000

Principal + Interest

$3,007 / mo

5-Year Term Payments

$180,398

Estimated Monthly Carrying Cost

$3,657

Includes principal, interest, property tax, condo fees, and heating estimates.

This is a planning estimate only. It excludes mortgage insurance, lender qualification rules, legal fees, insurance, utilities beyond heating, and other closing or ownership costs.

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