397 Renzius Court, Newmarket, ON
Gorham-College Manor, Newmarket · MLS® N13775496
About this home
In short
- Beautiful 5 Bedroom Home Backing onto Greenspace.
- The main level features hardwood flooring and elegant wainscotting, creating a warm and inviting space.
- Open concept Kitchen and family room with gas fireplace perfect for everyday living and comfort.
- The professionally finished basement offers additional living space, complete with a bedroom and spacious recreation room.
- Enjoy relaxing on the deck while overlooking the peaceful view of the ravine and pond.
Beautiful 5 Bedroom Home Backing onto Greenspace! Welcome to this spacious 4 + 1 bedroom home situated on a quiet court in a highly sought after neighbourhood. The main level features hardwood flooring and elegant wainscotting, creating a warm and inviting space. Separate living and dining areas with classic French doors is ideal for entertaining. Open concept Kitchen and family room with gas fireplace perfect for everyday living and comfort. Upstairs offers 4 generously sized bedrooms, along with a cozy reading nook. An ideal spot to unwind with a good book. The professionally finished basement offers additional living space, complete with a bedroom and spacious recreation room. Perfect for guest, a teenager or a home office. Updated washrooms add to the home's comfort and convenience. Enjoy relaxing on the deck while overlooking the peaceful view of the ravine and pond. Conveniently located close to schools, Magna Centre, parks and shopping.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13775496
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 41.98 × 101.65 ft
- Cross streets
- Mulock/College Manor
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,224 / 2026
- Days on market
- 10
- Listing brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Rooms
hardwood floor · french doors
quartz counter · pot lights
separate shower · walk-in closet(s)
pantry · w/o to deck
semi ensuite · window
hardwood floor · french doors
hardwood floor · gas fireplace
broadloom · window
broadloom · double closet
Listed at $1,299,000. 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 $1.28M, if it sells. A realistic range is $1.20M to $1.45M.
Independent value check: $1.24M. Without looking at the asking price, our model values the home itself about 4% below the ask (homes like it typically land between $1.16M and $1.30M).
Why $1.24M. 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 it stronglyIts tax bill, which follows the city's own assessment, is $7,224 a year; the typical home sold here pays about $5,500.
- ▲ Raises itIt is 2,500 to 3,000 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises it slightly4+1 bedrooms and 4 baths, against 3+1 and 3 typically.
Total price vs nearby homes. Likely closing about $1.28M, from 22 recent closings in this pocket.
The market behind the math:
About 1 months of inventory: 7 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 $472/sqft against an area asking average of $440/sqft.
- Park / green-space backing. This home is described as backing onto a ravine or green setting, and the listing says so too. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
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 $1.16M. Condition and finishes remain an in-person call.
What the listing highlights5 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
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Bogart PS, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Based on 22 comparable homes that sold in Gorham-College Manor over the past two years, from 135 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $461/sqft; this home lists at $472/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 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: 12 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 $1,039,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,688
- Property tax
- $602
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,290
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,455
- Estimated closing costs
- $22,455
Plus your down payment of $259,800. 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
- $341,299
- Principal paid down
- $128,489
- Interest paid
- $212,809
- Balance remaining
- $910,711
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 10 whole-home leases in Gorham-College Manor signed at a median of $3,531 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,986. 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 HERITAGE GROUP LTD.. MLS®/PropTx.