1040 Birchwood Drive, Newmarket, ON
Gorham-College Manor, Newmarket · MLS® N13638320
About this home
In short
- Beautifully updated inside and out, this spacious 4-bedroom detached home sits on an impressive 52 x 131 ft lot in Newmarket's established Gorham-College Manor community.
- With over $150,000 in upgrades, the home offers exceptional space, comfort and versatility for everyday family living and entertaining.
- Inside, you'll find generous principal rooms, an updated kitchen, four well-sized bedrooms and a newly finished basement providing additional flexible living space.
- Outside, professionally landscaped front and rear gardens, extensive interlock, a sprinkler system and a private backyard create an inviting retreat for summer...
- Just 5 minutes from Historic Main Street Newmarket, enjoy incredible restaurants, buzzing patios, craft breweries, boutiques, live music, festivals and year-round...
Beautifully updated inside and out, this spacious 4-bedroom detached home sits on an impressive 52 x 131 ft lot in Newmarket's established Gorham-College Manor community. With over $150,000 in upgrades, the home offers exceptional space, comfort and versatility for everyday family living and entertaining. Inside, you'll find generous principal rooms, an updated kitchen, four well-sized bedrooms and a newly finished basement providing additional flexible living space. Outside, professionally landscaped front and rear gardens, extensive interlock, a sprinkler system and a private backyard create an inviting retreat for summer evenings, entertaining and family life. Smart-home features, updated doors, appliances, insulation and numerous additional improvements make this home truly move-in ready.Just 5 minutes from Historic Main Street Newmarket, enjoy incredible restaurants, buzzing patios, craft breweries, boutiques, live music, festivals and year-round events at Riverwalk Commons. Newmarket GO, Hwy 404, Upper Canada Mall, Costco, parks, schools and everyday amenities are all just minutes away.A rare opportunity to enjoy an exceptional lot, a move-in-ready home and the charm of an established family neighbourhood-all within minutes of the best of Newmaket.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13638320
- Bedrooms
- 4
- Bathrooms
- 3 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 52.29 × 131.24 ft
- Cross streets
- Leslie & Davis
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,772 / 2026
- Days on market
- 47
- Listing brokerage
- CENTURY 21 ATRIA REALTY INC.
Rooms
closet · hardwood floor
Listed at $1,198,000. Going by how homes in Gorham-College Manor and the wider GTA have actually closed against their asking prices (about 99%, 22 local closings in 90 days), the likely sale price is near $1.18M, if it sells. A realistic range is $1.11M to $1.33M.
Independent value check: $1.10M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $1.03M and $1.15M).
Why $1.10M. The typical detached home sold in Gorham-College Manor over the past year went for about $1.04M (72 sales). What sets this one apart:
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises itIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $5,772 a year; the typical home sold here pays about $5,500.
Longer on the market than typical. 47 days on the market against about 26 for homes like it here, and asking 9% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.18M, from 22 recent closings in this pocket.
The market behind the math:
About 1.4 months of inventory: 10 detached homes for sale in the area against 22 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $532/sqft against an area asking average of $526/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 22 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $965K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Huron Heights SS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($532/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 22 comparable homes that sold in Gorham-College Manor over the past two years, from 135 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $452/sqft; this home lists at $532/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Gorham-College Manor, Newmarket, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Newmarket.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 6 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $958,400 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,246
- Property tax
- $481
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,727
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,435
- Estimated closing costs
- $20,435
Plus your down payment of $239,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $314,762
- Principal paid down
- $118,499
- Interest paid
- $196,263
- Balance remaining
- $839,901
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 19 whole-home leases in Gorham-College Manor signed at a median of $3,400 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,531. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 ATRIA REALTY INC.. MLS®/PropTx.