874 Sparrow Road, Newmarket, ON L3Y 5P9
Attention Investors & Savvy Homebuyers! Incredible turnkey income property showcasing approx. 2,800 sq ft of total finished living space. This exceptionally well-maintained home features an ideal layout with excellent, stable tenants already in place generating gross rental income of $4,500/month (Upstairs: $2,600, Lower: $1,900). The bright and spacious principal residence features an updated kitchen (2016), neutral decor, and vinyl windows. The lower level boasts a fantastic basement apartment with a separate kitchen (2016). Enjoy peace of mind with extensive big-ticket upgrades: Brand New Deck, A/C (2022), Furnace (2019), and Shingles replaced 8 years ago. A rare, high-yield asset in a prime location. Nothing to do but collect rent!
Dining Room
Laminate, Large Window, Combined w/Living
4.69 x 3.99 m
Main
Living Room
Laminate
3.99 x 2.96 m
Main
Kitchen
Ceramic Floor, Backsplash, Overlooks Family
5.73 x 3.05 m
Main
Primary Bedroom
Laminate, Closet
4.42 x 3.35 m
Upper
Bedroom 2
Laminate, Closet
3.84 x 2.84 m
Upper
Bedroom 3
Laminate, Closet
3.23 x 2.77 m
Upper
Bedroom 4
Laminate, Closet
3.66 x 2.78 m
In Between
Family Room
Hardwood Floor, Fireplace, W/O To Deck
6.65 x 3.69 m
In Between
Laundry
Linoleum
2.89 x 2.89 m
Lower
Recreation
Laminate
7.35 x 6.34 m
Lower
Utility Room
6.8 x 4.21 m
Basement
Interior features
Auto Garage Door Remote
Basement
Finished
Bathrooms
1 × 3-piece — In Between, 1 × 5-piece — Upper
Fireplace
Yes
Family room
Yes
Kitchens
2
Rooms (above / below grade)
8 above, 2 below
Architectural style
Backsplit 5
Construction materials
Aluminum Siding, Brick
Foundation
Concrete
Roof
Asphalt Shingle
Direction faces
South
Garage type
Attached
Garage spaces
2
Total parking spaces
6
Driveway parking
4
Parking features
Private
Lot size
50 x 110 ft
Cross street
Gorham/Alexander
Directions
Gorham/Alexander
Neighbourhood
Gorham-College Manor
Heating
Forced Air — Gas
Cooling
Central Air
Water
Sewer
Sewer
List price
$1,049,900
Original list price
Annual taxes
$5,466
Tax year
2025
Legal description
Lot 51 Plan M52;S/T Lt 11723 Town Of Newmarket
Inclusions
Exclusions
MLS #
N13552240
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Detached
Days on market
List date
Possession
Flexible
Occupancy
Tenant
Listing brokerage
HOMELIFE LANDMARK REALTY INC.
$999,800
Median list price
25
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$5,033
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
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