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1038 Gooderham Street, Highlands East, ON K0M 1R0

4 beds · 1 bath · 1 kitchen · 7 rooms · 2 parking spaces · 700-1100 sq ft · Detached
$199,000
Property tax
$1,087 / year

Here is your opportunity to bring a piece of history back to life. Built in 1937, this home in the heart of Gooderham is ready for someone with vision. While it requires substantial repairs, it still showcases much of its original character, including solid wood doors, trim, and hardwood flooring. Several important updates have already been completed, such as a metal roof, a 100-amp breaker panel, and a drilled well. Whether you're looking to restore its classic charm or build your dream home from the ground up, this property offers a great location. Just steps from the Gooderham Lake public beach, post office, library, and other village amenities, it's the perfect place to create something special.

MLS number
X13622312
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
1
Postal code
K0M 1R0
Photos
24
Laundry
Not in the unit
45days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

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.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 958 people.

$65,500Median household income
87.6%Own their home
97%Detached houses
59.2Median age
8.6%Born outside Canada
18%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35460080 — the few blocks around this address, home to 958 people. It describes the area, not this property.

958Population
53.7Average age
1.9Household size
$80,000Average household income
$65,500Median household income
88%Own their home
12%Rent
0%Condominiums
9%Born outside Canada
18%University degree
$576,000Average home value
17%Low income
15%Never married
Under $5,0002%
$10,000 to $14,9992%
$15,000 to $19,9992%
$20,000 to $24,9992%
$25,000 to $29,9996%
$30,000 to $34,9994%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9994%
$50,000 to $59,9996%
$60,000 to $69,9994%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over23%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over5%

Percentages are of the 640 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.

$39,800 · minimum here is $9,950
$881.13per month
Borrowed before insurance$159,200
Total borrowed$159,200
Interest over 25 years at 4.5%$105,139

If you rented it out

-$971.71per month out of pocket
Rent$0.00
Everything it costs to hold$971.71
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.

Listed by RE/MAX Professionals North. Listing data provided by the Toronto Regional Real Estate Board.