874 Sparrow Road, Newmarket, ON L3Y 5P9
- Property tax
- $5,466 / year
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!
- MLS number
- N13552240
- Type
- Detached
- Status
- Active
- Bedrooms
- 5
- Bathrooms
- 2
- Postal code
- L3Y 5P9
- Photos
- 34
- Laundry
- Lower Level level
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Rooms
11 rooms as the listing brokerage filed them, with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Dining Room | 4.69 × 3.99 m | Laminate · Large Window · Combined w/Living |
| Living Room | 3.99 × 2.96 m | Laminate |
| Kitchen | 5.73 × 3.05 m | Ceramic Floor · Backsplash · Overlooks Family |
In Between
| Room | Size | Features |
|---|---|---|
| Bedroom 4 | 3.66 × 2.78 m | Laminate · Closet |
| Family Room | 6.65 × 3.69 m | Hardwood Floor · Fireplace · W/O To Deck |
Upper
| Room | Size | Features |
|---|---|---|
| Primary Bedroom | 4.42 × 3.35 m | Laminate · Closet |
| Bedroom 2 | 3.84 × 2.84 m | Laminate · Closet |
| Bedroom 3 | 3.23 × 2.77 m | Laminate · Closet |
Lower
| Room | Size | Features |
|---|---|---|
| Laundry | 2.89 × 2.89 m | Linoleum |
| Recreation | 7.35 × 6.34 m | Laminate |
Basement
| Room | Size | Features |
|---|---|---|
| Utility Room | 6.80 × 4.21 m | — |
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Detached
- Style
- Backsplit 5
- Class
- Residential Freehold
- Fronting on
- South
- Community
- Gorham-College Manor
- Municipality
- Newmarket
- Cross street
- Gorham/Alexander
Inside
- Bedrooms
- 5
- Bedrooms above grade
- 4
- Bathrooms
- 2
- Washrooms
- 1 on the in between floor · 1 on the upper floor
- Kitchens
- 2
- Rooms
- 10
- Rooms above grade
- 8
- Family room
- Yes
- Fireplace
- Yes
- Basement
- Finished
- Laundry
- Lower Level
- Size
- 1500-2000
Building
- Construction
- Aluminum Siding, Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
Parking
- Garage
- Attached
- Covered spaces
- 2
- Driveway spaces
- 4
- Total parking
- 6
- Features
- Private
Land
- Lot
- 50 × 110 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
- Water
- Municipal
- Sewer
- Sewer
- Electricity
- Yes
- Gas
- Yes
- Cable
- Available
Features
- Property
- Fenced Yard, Hospital, Place Of Worship, Public Transit, School
- Interior
- Auto Garage Door Remote
Listing
- MLS number
- N13552240
- Status
- Price Change
- Previous status
- New
- Listed on
- 2026-07-10
- Expires
- 2026-10-31
- Possession
- 2026-09-01
- Taxes
- $5,466 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this property is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
School boundaries this address is inside
Where these boundaries come from, and what they are worth
A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.
York Region. Published by the York Region District School Board’s planning department, with the date the board approved each boundary shown above. A boundary approved years ago is still the current one until the board redraws it, but the older the date, the more worth confirming.
Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: YRDSB school locator.
Sources: York Region District School Board planning department.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Sacred Heart Catholic High School York CDSB | Secondary | 287 m | / 10 74% met the standard · 2 of 6 measures |
| Newmarket & District Christian Academy | Elementary | 393 m | Not reported |
| Innova Academy | Elementary and secondary | 429 m | Not reported |
| Bogart Public School York Region DSB | Elementary | 855 m | / 10 87% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
The market around this home
Detached houses in Gorham-College Manor — 122 sales over the last five years.
How these are built, and what they cannot tell you
Each point is the median of the sales that closed in that quarter among detached houses in gorham-college manor. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 587 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35190930 — the few blocks around this address, home to 587 people. It describes the area, not this property.
Percentages are of the 310 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.