874 Sparrow Road, Newmarket, ON L3Y 5P9
Newmarket, ON, L3Y 5P9 · Gorham-College Manor
About this property
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!
Features & Amenities
- Basement: Finished
- Garage: Attached
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: Backsplit 5
- Construction: Aluminum Siding, Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | Backsplit 5 |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Basement | Finished |
| Garage | Attached |
| Parking Spaces | 4 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $5,466 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Auto Garage Door Remote
- Fireplace
- Yes
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- Backsplit 5
- Construction Materials
- Aluminum Siding, Brick
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Finished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
- Cooling
- Yes
- Heating
- Yes
Parking & Garage
- Garage Type
- Attached
- Garage
- Yes
- Parking Spaces
- 4
- Parking Total
- 6.00
- Parking Features
- Private
- Covered Spaces
- 2
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 110.00
- Lot Width
- 50.00
Community & Neighborhood
- Property Features
- Fenced Yard, Hospital, Place Of Worship, Public Transit, School
Financial & Tax
- Tax Annual Amount
- $5,466
- Tax Year
- 2025
- Possession Type
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 8
- Rooms Below Grade
- 2
- Rooms Total
- 10
- Kitchens Above Grade
- 1
- Kitchens Total
- 2
- Bedrooms Above Grade
- 4
- Bedrooms Below Grade
- 1
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- York
- Cross Street
- Gorham/Alexander
- Directions
- Gorham/Alexander
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
874 Sparrow Road, Newmarket, ON L3Y 5P9, Newmarket, ON, L3Y 5P9