Get $2,625 Cash Back
874 SPARROW ROAD, Newmarket (Gorham-College Manor) — listed at $1,049,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Attention Investors & Savvy Homebuyers! Incredible turnkey income property showcasing approx. 2,800 sq ft of total finished living space. This exceptionally well-maintained home features an ideal layout with excellent, stable tenants already in place generating gross rental income of $4,500/month (Upstairs: $2,600, Lower: $1,900). The bright and spacious principal residence features an updated kitchen (2016), neutral decor, and vinyl windows. The lower level boasts a fantastic basement apartment with a separate kitchen (2016). Enjoy peace of mind with extensive big-ticket upgrades: Brand New Deck, A/C (2022), Furnace (2019), and Shingles replaced 8 years ago. A rare, high-yield asset in a prime location. Nothing to do but collect rent! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Main level | 4.69 x 3.99 meters |
| Utility room | Basement | 6.8 x 4.21 meters |
| Living room | Main level | 3.99 x 2.96 meters |
| Kitchen | Main level | 5.73 x 3.05 meters |
| Primary Bedroom | Upper Level | 4.42 x 3.35 meters |
| Bedroom 2 | Upper Level | 3.84 x 2.84 meters |
| Bedroom 3 | Upper Level | 3.23 x 2.77 meters |
| Bedroom 4 | In between | 3.66 x 2.78 meters |
| Family room | In between | 6.65 x 3.69 meters |
| Laundry room | Lower level | 2.89 x 2.89 meters |
| Recreational, Games room | Lower level | 7.35 x 6.34 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,466, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Finished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What makes this a luxury property?+
At $1,049,900, the premium reflects location, finishes, and lot. In this price range, expect higher-end finishes — verify during a showing.
Is 874 SPARROW ROAD a good fit for a growing family?+
With 5 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Ask About This Property
Nearby Places
Searching nearby places…
Benchmark price · Updated 2026-09
Year over year
Past 10 years
Similar listings
For Sale28 days37
For Sale87 days37
For Sale12 days18
For Sale49 days31
The listing data above is provided under copyright by the Canadian Real Estate Association. While the information is considered reliable, its accuracy is not guaranteed by the Canadian Real Estate Association or getsetsold.ca. Neither getsetsold.ca nor its affiliates make any representations or warranties, express or implied, regarding the accuracy or completeness of the information presented here.