272 Jeff Smith Court, Newmarket, ON
Gorham-College Manor, Newmarket · MLS® N13729544
About this home
Land Lease $1,143/mo - Age 65+ - Rare opportunity to enjoy retirement living in the welcoming enclave of Leisure Valley Retirement Community in Newmarket downtown steps to Riverwalk Commons. A peaceful cul-de-sac community designed exclusively for residents 65+. This thoughtfully upgraded and updated 2-bedroom bungalow offers comfortable single-level living with minimal maintenance, ideal for retirees and downsizers seeking simplicity, security, and connection in a friendly neighbourhood setting. Located in the heart of Newmarket, residents benefit from a vibrant and active community atmosphere. Enjoy live performances at the Newmarket Theatre, explore local history at the Elman W. Campbell Museum, stroll the scenic trails of Fairy Lake Park, or spend time at Riverwalk Commons. With York Region Transit at your door and close proximity to Southlake Regional Health Centre, Main Street shopping, restaurants, and everyday amenities, everything you need is within easy reach. Just 7 minutes to Highway 404. Inside, hardwood flooring flows throughout. The updated senior-friendly bathroom features an oversized walk-in shower with built-in seat, hand shower, and safety grab bars. The spacious custom kitchen offers oak cabinetry and a large centre island with breakfast bar, a dining area with garden door walkout and oversized composite deck with privacy and mature tree views, perfect for quiet mornings or entertaining family and friends for BBQ. Residents enjoy nearby social and recreational activities including curling, cards, walking trails, and community gatherings, supporting an active and engaged lifestyle in a safe, well-maintained setting with private green space for resident use. Pets welcome, subject to landlord approval. Land Lease: $910 per month, Maintenance Fee: $250 per month, Taxes: $130 per month, Total Monthly Cost: $1,290 per month plus utilities (Fees include snow removal, grass cutting and exterior maintenance as per the Lease Agreement)
Key facts
- Property type
- Other, Bungalow
- MLS®
- N13729544
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 1000-1199
- Lot
- 3648
- Cross streets
- Leslie St / Gorham Street
- Parking
- 1 garage · 2 parking (carport)
- Basement
- Unfinished, Full
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Poured Concrete
- Roof
- Metal
- Exposure
- West
- Listing brokerage
- THE LIND REALTY TEAM INC.
Listed at $518,888, and my independent estimate is tracking about 29% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal.
Total price vs nearby homes. Fair value about $727K, median of 9 comparables.
The market behind the math:
Price per square foot: this home lists at $472/sqft against an area asking average of $657/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 9 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 9 comparable homes nearby.
Nothing closely matching this home is listed nearby right now, so these are the nearest listings on the market.
Per square foot, these ask about $620/sqft; this home lists at $472/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 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) →
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 4.09% via Ratehub.ca (as of August 31, 2026); conventional rates run a little higher.
Mortgage amount $415,110 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,238
- Property tax
- $324
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,562
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,853
- Estimated closing costs
- $6,853
Plus your down payment of $103,778. 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
- $134,274
- Principal paid down
- $52,245
- Interest paid
- $82,030
- Balance remaining
- $362,866
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 numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of THE LIND REALTY TEAM INC.. MLS®/PropTx.