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Newmarket
$995,000
634 GORHAM STREET, Newmarket, L3Y1L4
MLS Number: N13565712
Beds
5
Baths
3
Listing
For Sale
Type
Detached
Square Feet
1,100 - 1,500
Rare opportunity in the heart of Newmarket! Situated on an exceptional 66' x 165' lot with two separate driveways, this unique property offers outstanding flexibility and long-termpotential. An existing concept has been prepared for the construction of two separate detached homes on the property. Buyer to independently verify all development possibilities, zoning requirements, permits, and approvals. The home features a spacious open-concept living and dining area, a custom kitchen with quartz countertops and stainless steel appliances, and an oversized primary bedroom with an ensuite bathroom, two walk-in closets, and in-suite laundry. A large detached garage with electrical service offers excellent potential for a workshop, studio, home office, guest space, or additional future use, subject to approvals. Two separate entrances provide added flexibility for extended family living, potential rental income, or home-based business use. Located just steps from Main Street restaurants and cafés, Fairy Lake Park, the GO Station, and Southlake Hospital. An exceptional opportunity for investors, builders, end users, growing families, or buyers looking for a rare oversized lot with significant long-term potential. Don't Miss This Opportunity!
Estimate Tool
Estimate monthly principal and interest, then add common carrying costs for a clearer planning number.
Down Payment
$199,000
Mortgage Amount
$796,000
Principal + Interest
$4,602 / mo
5-Year Term Payments
$276,148
Estimated Monthly Carrying Cost
$5,252
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.
Helpful Guide
If you are planning a purchase, it helps to understand the buyer process and keep your financing and closing documents organized.
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