$1,088,000Asking Price
874 Sparrow Road, Newmarket, ON L3Y 5P9
Gorham-College Manor, Newmarket
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!
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!
See MoreKey Info
- Backsplit Detached
- 4-Car Driveway
- 2-Car Attached Garage
- Gorham/Alexander
- 1500-2000 Approximate Sq Feet
- Finished Basement
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 50 x 110 Feet
- Aluminum Siding/Brick Exterior
- Taxes were $5,466 in 2025
Details
- Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #N13552240
- HOMELIFE LANDMARK REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 3-Piece Bathroom | |||
| 1 5-Piece Bathroom on Upper | |||
How Far is Too Far?
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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% |
