788 Allan Avenue, Newmarket, ON
Gorham-College Manor, Newmarket · MLS® N13813592
About this home
In short
- First Time Ever On The Market.
- A newly renovated 2+2 bedroom bungalow situated on an oversized approximately 8,686 sq. ft. lot in Newmarket's desirable Gorham-College Manor community, backing onto...
- Surrounded by large picture windows, the sun-filled living room overlooks the gorgeous above-ground heated saltwater pool.
- The finished basement is soundproof & insulated is accessible through a separate entrance.
- Outdoor cameras, all pool equipment, the gazebo, 2 sheds and outdoor patio furniture are included for added convenience, while the private driveway accommodates four...
First Time Ever On The Market! Discover Country Living In The City At 788 Allan Avenue! A newly renovated 2+2 bedroom bungalow situated on an oversized approximately 8,686 sq. ft. lot in Newmarket's desirable Gorham-College Manor community, backing onto a peaceful conservation area. Mature landscaped trees provide exceptional front-yard privacy, while hardwood flooring flows throughout the bright main level. The kitchen features stainless steel appliances, a centre island, track lighting &picture windows, opening seamlessly to the dining area with a walkout to the spacious deck for BBQs. Surrounded by large picture windows, the sun-filled living room overlooks the gorgeous above-ground heated saltwater pool. 2 generously sized bedrooms and a 4-piece bathroom complete the main floor. The ultimate highlight is the fully fenced, oasis-like backyard, thoughtfully designed with multi-level deck & patio areas offering abundant space for entertaining, family gatherings and pets. Mature fruit-bearing apple and cherry trees, grapevines enhance this serene outdoor retreat. The finished basement is soundproof & insulated is accessible through a separate entrance. The basement offers excellent in-law or rental potential with 2 bedrooms, a 3-piece bathroom, laundry area & an open-concept kitchen & recreation room featuring laminate flooring, pot lights, above-grade windows & a cozy wood-burning stove. Outdoor cameras, all pool equipment, the gazebo, 2 sheds and outdoor patio furniture are included for added convenience, while the private driveway accommodates four vehicles. Ideally located near Fairy Lake, Jim Bond Park, Don McKnight Field & Mabel Davis Conservation Area for outdoor recreation. Sacred Heart Catholic High School, Newmarket High School, Bogart Public School and other schools nearby. Enjoy convenient access to restaurants, shopping at Upper Canada Mall, SilverCity, Southlake Hospital, YRT/Viva transit, Newmarket GO Station and Highway 404 for easy GTA commuting.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13813592
- Bedrooms
- 2+2 (4 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 55.75 × 130.09 ft
- Cross streets
- Gorham St. & Prospect St.
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Finished, Full, Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air, Wall Unit(s)
- Exterior
- Vinyl Siding, Aluminum Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Above Ground, Outdoor, Salt
- Property tax
- $4,751 / 2026
- Days on market
- 27
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Rooms
stainless steel appl · centre island · track lighting
laminate · above grade window · networked
4 pc bath · b/i vanity · laminate
hardwood floor · picture window · b/i closet
hardwood floor · casement windows · overlooks pool
french doors · open concept · pot lights
laminate · large closet · above grade window
laminate · above grade window · closet
3 pc bath · separate shower · b/i vanity
w/o to deck · hardwood floor · open concept
hardwood floor · picture window · double closet
wood stove · laminate · above grade window
Listed at $1,299,900. Going by how homes in Gorham-College Manor and the wider GTA have actually closed against their asking prices (about 99%, 25 local closings in 90 days), the likely sale price is near $1.29M, if it sells. A realistic range is $1.21M to $1.45M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The listing describes about 8,686 sq ft, while the size on record is 1100 to 1500 sq ft.
Total price vs nearby homes. Likely closing about $1.29M, from 25 recent closings in this pocket.
The market behind the math:
About 1.6 months of inventory: 13 detached homes for sale in the area against 25 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,000/sqft against an area asking average of $873/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Gorham-College Manor: 28 of the 109 detached leases here lately were basement units, around $1,890 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the Town of Newmarket.
- Park / green-space backing. The listing says this home backs onto or abuts a park or green space. 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 25 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $755K. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Gorham-College Manor, so I widened the search to the surrounding area.
Based on 25 comparable homes that sold in Gorham-College Manor over the past two years, from 136 closings there.
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $998K, which is where my estimate comes from.
Per square foot, these ask about $609/sqft; this home lists at $1,000/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Newmarket: $1.04M in September 2026, up 1% from a year ago, on 532 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Newmarket as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.08M | 46 |
| November 2025 | $1.05M | 34 |
| December 2025 | $1.10M | 29 |
| January 2026 | $1.03M | 27 |
| February 2026 | $1.08M | 31 |
| March 2026 | $1.10M | 41 |
| April 2026 | $1.08M | 51 |
| May 2026 | $1.16M | 66 |
| June 2026 | $1.13M | 60 |
| July 2026 | $1.06M | 54 |
| August 2026 | $1.09M | 55 |
| September 2026 | $1.04M | 38 |
Neighbourhood & 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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,039,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,750
- Property tax
- $396
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,146
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,473
- Estimated closing costs
- $22,473
Plus your down payment of $259,980. 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
- $344,994
- Principal paid down
- $127,059
- Interest paid
- $217,935
- Balance remaining
- $912,861
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
The suite is real income here: basements rent in Gorham-College Manor (28 of 109 recent detached leases were basement units, around $1,890 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,890 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 28 whole-home leases in Gorham-College Manor signed at a median of $2,800 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,755. 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 SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.