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New4 days ago

850 Arnold Crescent

Gorham-College Manor, Newmarket

$1,095,000

Detached|2-Storey
4 | 3 | 6
About this home

Wonderful turn key family home in one of the best neighbourhoods of Newmarket, located on a premium 120ft deep, wide lot, dotted with mature trees, surrounded by parks, tennis courts and steps to top rated Mazo De La Roche PS. Upgraded through out, this well kept home features hardwood floors up and down, LED pots and lighting, newer stainless steel appliances and gas stove and mosaic stone backsplash in the well sized eat-in kitchen, floor to ceiling upgraded gas fireplace and glass walkout from the family room to elevated deck overlooking the oversized backyard. Additional features include upgraded washrooms with quartz topped vanities, built in cabinets in foyer, separate laundry room with side and garage entrance, finished rec-room in basement with coffered ceiling, cold cellar, above grades windows through out, and large storage space with potential for additional finished living space or 5th bedroom. Bright and sunny primary bedroom has multiple windows, full three piece ensuite bath and walk-in closet. Remaining three bedrooms all feature large windows and double closets for plenty of storage space. Mature and well established central Newmarket area with convenient access to transit, and Hwy 404. Short distance to South Lake regional hospital, and Historic Downtown Main Street with dining, shops, live events, walking trails and more. A great place for the whole family to call home, with plenty of space for everyone.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,876
Lot Size55.33 ft x 120 ft
mls© NumberN13844216
Listed ByMAIN STREET REALTY LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,605
Property tax
$490
Heat allowance
$150
Housing costs
$6,244 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $219,000
25-yr amortization

Income needed

$192,000

gross annual household income

Payment at 4%
$4,608 / mo
Cash down
$219,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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