Self-contained residence boasting significant Income property, situated on an expansive 66 x166 ft lot. Ideal for both prospective homeowners and investors, this property offers two driveways, enhancing versatility and rental income opportunities. Located in a sought-after neighborhood with close proximity to schools, hospital, and public transit. The property generates nearly over $6,000 in net income, allowing you to live comfortably while rental income helps cover your mortgage. Featuring five reliable tenants and numerous upgrades, this home presents promising future possibilities in a prime location.
5 bedrooms, 5 bathrooms, about 2,500 sq ft, works out to roughly $315 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 648 Gorham St
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
2500-3000 sq ftas stated on the listing
Parking
6 spaces
Basement
Full
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Full
Lot & land
Lot size (sqft)
10900
Listing & possession
Property style
2-Storey
Property class
Detached
648 Gorham St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,871
/mo
based on the purchase price of $788,000
$157,600 cash
$630,400 financed
$530,962 total interest
Principal54%$630,400
Interest46%$530,962
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Newmarket
Other 4-bed homes for sale in Newmarket around $788K.
Average days on market29Homes sold in about 29 days on average.
Sale-to-list ratio97.9%On average, homes sold below asking.
Active listings385Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with May 1 – Jul 30, 2026: prices up.
Based on 405 sales from Jul 30 – Oct 28, 2026 (255 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
648 Gorham St is listed at $788,000 (MLS® N13752864). Summitly updates the price as soon as the MLS® record changes.
Is $788,000 a good price for 648 Gorham St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Newmarket. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 648 Gorham St changed?
No — 648 Gorham St is still listed at its original asking price of $788,000.
How many bedrooms and bathrooms does 648 Gorham St have?
648 Gorham St has 5 bedrooms and 5 bathrooms, with about 2,500–3,000 square feet of living space. It is a detached home in Newmarket.
Is 648 Gorham St close to transit?
The nearest rapid-transit station is Newmarket GO Station (Barrie GO), about 1.3 km (about a 16-minute walk) in a straight line. East Gwillimbury GO Station is about 2.9 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 648 Gorham St?
About $3,871 a month — principal and interest on $788,000 with 20% down ($157,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 648 Gorham St compare with other homes in Newmarket?
Its asking price of $788,000 is about 17% below the median sold price in Newmarket over the last 90 days, $955,000, across 405 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 648 Gorham St been sold before?
Yes — Summitly has 1 earlier MLS® listing of 648 Gorham St on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 648 Gorham St?
648 Gorham St is in Newmarket, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 648 Gorham St been on the market?
50 days — 648 Gorham St was listed on September 8, 2026.
What is the price per square foot of 648 Gorham St?
About $263 to $315 per square foot: the asking price of $788,000 over the 2,500–3,000 sq ft the listing gives as its size range.
