$3,250,000Asking Price
589 Queen Street, Newmarket, ON L3Y 2H8
Gorham-College Manor, Newmarket
Welcome to 589 Queen St and Historic 75 Prospect St. Two legal fourplexes Offering a total of 8 fully tenanted suites! Situated in an exceptional Newmarket location, this unique investment opportunity features two well-maintained multi-residential buildings on one lot. Enjoy unbeatable proximity to Historic Downtown Newmarket, where you'll find charming restaurants, patios, bars, year-round entertainment, Fairy Lake Park, boutique shopping, and more.Commuters will appreciate the easy access to public transit, the GO Train, Highway 404, and nearby amenities including schools and Southlake Regional Health Centre. 8 Total Units: One 3-Bedroom, Four 2-Bedroom, One 1-Bedroom, and Two Bachelor Suites. 11 surface parking spaces on two driveways. Dual road frontage for added convenience. Stable tenancies and consistently well maintained. Long-term growth potential, easy-to-manage asset in a high-demand area.
Welcome to 589 Queen St and Historic 75 Prospect St. Two legal fourplexes Offering a total of 8 fully tenanted suites! Situated in an exceptional Newmarket location, this unique investment opportunity features two well-maintained multi-residential buildings on one lot. Enjoy unbeatable proximity to Historic Downtown Newmarket, where you'll find charming restaurants, patios, bars, year-round entertainment, Fairy Lake Park, boutique shopping, and more.Commuters will appreciate the easy access to public transit, the GO Train, Highway 404, and nearby amenities including schools and Southlake Regional Health Centre. 8 Total Units: One 3-Bedroom, Four 2-Bedroom, One 1-Bedroom, and Two Bachelor Suites. 11 surface parking spaces on two driveways. Dual road frontage for added convenience. Stable tenancies and consistently well maintained. Long-term growth potential, easy-to-manage asset in a high-demand area.
See MoreKey Info
- 3-Storey Multiplex
- 4+ Parking
- No Garage
- Davis Dr / Prospect St
- 5000 + Approximate Sq Feet
- No Ensuite Laundry
- Gas Heating
- A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $11,289 in 2024
- Possession: 30-60 TBD
Details
- Brick Exterior
- Fireplace
- 8 Kitchens
- Designation: Other
- MLS #N12164532
- MAIN STREET REALTY LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 6 4-Piece Bathrooms | |||
| 2 3-Piece Bathrooms | |||
| 1 2-Piece Bathroom | |||
How Far is Too Far?
See personalized commute details for each listing by adding your favourite places (like work or daycare) and mode of travel.
Sign up to see commute timesAlready signed up? Sign in
Who lives here?
Gorham-College Manor, Newmarket is a north GTA neighbourhood notable for its singles and education, law & public sector professionals. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 25 to 29, 25 to 29, 25 to 29 and 25 to 29 and seniors aged 65 to 74 and 65 to 74.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
47%
of residents are
single and loving it.
47% singles
Newmarket (42%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
18%
of residents
are renters.
18% renters
Newmarket (21%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
35%
of residents are
university grads.
35% university grads
Newmarket (37%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$129K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 15% |
| Business | 11% |
| Government | 9% |
| Management | 8% |
| Trades | 8% |
Immigrants
25%
of residents were
born outside of Canada.
25% immigrants
Newmarket (30%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
3.0% from UK
All-time
Birthplace - Recent
1.0% from China
Recent
Foreign Languages
Foreign Languages
| Mandarin | 3% |
| Persian | 2% |
| Russian | 2% |
| French | 1% |
| Cantonese | 1% |
Religions
Religions
| Christian | 63% |
| Buddhist | 3% |
| Muslim | 3% |
| Jewish | 1% |
