320 Stewart Street, Newmarket, ON
Gorham-College Manor, Newmarket · MLS® N13842762
About this home
In short
- Generous Lot Dimensions: 66-foot frontage by 198-foot depth, offering significant space for substantial expansion or custom development.
- Direct proximity to Highway 404 for efficient travel across the region.
- The current tenancy agreement terminates by October 31, 2026.
- Property Condition: The property is being sold in "As Is, Where Is"Extras:
Generous Lot Dimensions: 66-foot frontage by 198-foot depth, offering significant space for substantial expansion or custom development. Conveniently positioned near healthcare facilities, major shopping centres, public transit, and GO Transit infrastructure. Direct proximity to Highway 404 for efficient travel across the region. Outstanding blueprint for builders, investors, or end-users seeking to design a custom luxury home. The current tenancy agreement terminates by October 31, 2026. Property Condition: The property is being sold in "As Is, Where Is"Extras:
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- N13842762
- Bedrooms
- 4
- Bathrooms
- 3 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 66 × 198 ft
- Cross streets
- GORHAM
- Parking
- 1 garage · 7 parking (carport)
- Driveway
- Private Double
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- None
- Exterior
- Aluminum Siding
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,725 / 2026
- Days on market
- 19
- Listing brokerage
- BAY STREET GROUP INC.
Rooms
overlooks frontyard · closet · broadloom
open concept · overlooks frontyard · hardwood floor
overlooks backyard · b/i closet · broadloom
eat-in kitchen · overlooks backyard · access to garage
window · b/i closet · broadloom
window · b/i closet · broadloom
Listed at $799,900. 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 $792K, if it sells. A realistic range is $742K to $893K.
Independent value check: $753K. Without looking at the asking price, our model values the home itself about 6% below the ask (homes like it typically land between $706K and $789K).
Why $753K. 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:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $4,725 a year; the typical home sold here pays about $5,500.
- ▼ Lowers itIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers itThe listing presents it as a home to renovate or rebuild.
Total price vs nearby homes. Likely closing about $792K, from 25 recent closings in this pocket.
The market behind the math:
About 2.5 months of inventory: 21 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 $615/sqft against an area asking average of $773/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 25 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $640K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($615/sqft) is below the area, so you are paying for extra space rather than a premium.
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 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 $753K, which is where my estimate comes from.
Per square foot, these ask about $611/sqft; this home lists at $615/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 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 19, 2026); conventional rates run a little higher.
Mortgage amount $639,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,538
- Property tax
- $394
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,932
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,473
- Estimated closing costs
- $12,473
Plus your down payment of $159,980. 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
- $212,294
- Principal paid down
- $78,186
- Interest paid
- $134,107
- Balance remaining
- $561,734
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 14 whole-home leases in Gorham-College Manor signed at a median of $3,167 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,951. 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 BAY STREET GROUP INC.. MLS®/PropTx.