Exceptional investment opportunity in a sought-after Newmarket neighborhood! This 5 self-contained income property sits on a premium 66 x 166 ft lot and boasts two driveways for enhanced versatility. Currently tenanted with reliable tenants, the property generates nearly $6,000 in net income, allowing you to cover your mortgage comfortably while you live on-site or maximize rental returns. Numerous upgrades and a prime location, close to schools, the hospital, and public transit, ensure promising future possibilities. Financial details are available upon request.
Address
648 Gorham Street
List Price
$1
MLS® Status
New
Expiration Date
2026-05-31
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Newmarket
Sub-Area
Gorham-College Manor
Region
York
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
11
Bathrooms
5
Floor Area
2500-3000 Sq. Ft.
Lot Depth
165
Lot Irregularities
Huge Lot with 2 separate driveways
Lot Size Units
Feet
Lot Width
66
Parcel Number
036130073
Occupant Type
Tenant
Cross Street
Leslie and Gorham
MLS® Number
N12791180
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Basement Area
None
Postal Code
L3Y 1L4
Posession Details
TBA
Parking
Private
Parking Places (Total)
8
Parking Spaces
4
Tax Amount
$4,288.83
Tax Year
2025
Site Influences
Hospital, Public Transit, School
Interior Features
Accessory Apartment
Property Features
Hospital, Public Transit, School
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Stucco (Plaster)
Direction Faces
South
Fireplace
No
Foundation Details
Block
Garage
No
Garage Type
Other
Kitchens Total
5
Kitchens Above Grade
5
Pool Features
None
Roof
Shingles
Tax Legal Description
Lt 5 Pl 53 Confirmed by 65Ba237; town of Newmarket
Waterfront
No
Sewer
Sewer