137 Wesley Street

Introducing an exceptional opportunity to acquire a remarkable property at 137 Wesley Street, Newmarket. This house for sale in Newmarket presents a unique proposition for builders, contractors, and investors alike. Nestled in the well-established neighbourhood of Gorham-College Manor, this detached house is situated on a generous lot measuring 100 X 100 feet, providing ample space for potential development. The property is ideally located, with easy access to Main Street, the Go Train Station, several schools, Southlake Hospital, and the picturesque Fairy Lake.

The existing structure at 137 Wesley Street, Newmarket, is a charming 1 1/2 storey home featuring three bedrooms and two bathrooms, making it suitable for a family or as a rental property while you explore your development options. The house for sale in Newmarket boasts a partially finished basement, which offers additional potential for expansion or storage. However, it is important to note that the house is unfurnished and does not include a family room, den, or additional rooms, allowing you the freedom to design the space according to your vision.

The property is equipped with central air conditioning, ensuring comfort during the warmer months, although it does not feature a fireplace or a central vacuum system. The heating is provided by a forced air system, while municipal water and sewer services are readily available. With six total rooms, this house for sale in Newmarket provides a solid foundation for your future plans.

One of the most compelling aspects of this property is the potential for redevelopment. The existing house at 137 Wesley Street, Newmarket, is set to be demolished, and with minor variance and consent applications already approved, you can build up to three detached homes side-by-side. Each lot is approximately 33 feet by 100 feet and is zoned as R1-D, allowing for up to 35% coverage and a height of 8.5 metres. This presents a lucrative opportunity to create single-family homes with the allowance for one accessory dwelling with a separate entrance on each lot.

For those considering a larger investment, there is also the option to acquire two lots, each approximately 50 feet by 100 feet. This flexibility makes the house for sale in Newmarket an attractive proposition for those looking to maximise their investment in a thriving community.

Furthermore, the existing development charges, estimated at approximately £140,000, will be credited to the new development, providing significant savings for the new owner. Tree reports, surveys, R-plans, and legal descriptions are available upon request, ensuring that you have all the necessary information to proceed with your plans.

The property is sold as-is, where-is, without any representation or warranties from the seller or listing agent, allowing you to take full control of your investment. With parking space for up to six vehicles, the convenience of this location cannot be overstated.

In conclusion, 137 Wesley Street, Newmarket, is not just a house for sale in Newmarket; it is a gateway to endless possibilities. Whether you are looking to develop, invest, or create a family home, this property offers the perfect blend of location, potential, and community. Do not miss out on this rare opportunity to secure a prime piece of real estate in a desirable area. Contact the listing agent today to arrange a viewing and explore the potential that this house for sale in Newmarket has to offer.

Gorham-College Manor is a charming residential area nestled within the vibrant city of Newmarket, Ontario. This picturesque neighbourhood is characterised by its tree-lined streets and well-maintained homes, offering a peaceful retreat while still being conveniently close to urban amenities. Residents enjoy easy access to local parks, schools, and shopping centres, making it an ideal location for families and professionals alike. The community boasts a friendly atmosphere, with a strong sense of belonging, and is well-connected to public transport, ensuring that all the attractions of Newmarket and beyond are just a short journey away. Whether you're seeking a quiet place to settle down or a lively locale with plenty of activities, Gorham-College Manor presents a delightful option for prospective residents.

Schools in the Neighbourhood

This property is ideally located near several educational institutions, catering to families with children of various ages. The closest option is Prince Charles Public School, just 0.1 km away, offering elementary education in both English and French for grades JK to 8, with a commendable rating of 4.6. For secondary education, Huron Heights Secondary School, located 0.8 km from the property, boasts an impressive rating of 5.8 and serves grades 9 to 12. Additionally, Newmarket High School, situated 1.6 km away, provides a French-language curriculum for secondary students and has a strong rating of 8. Families seeking Catholic education will find Notre Dame Catholic Elementary School and Sacred Heart Catholic High School within a short distance, although they currently have lower ratings. For those interested in French-language education, Mazo de la Roche Public School and St. Elizabeth Seton CES offer options for elementary grades. Overall, this property is well-positioned for access to quality schools, making it an attractive choice for families prioritizing education.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 660 residents, with an average household size of 2.1. The community is characterized by an older demographic, with an average age of 59.6 years. The average household income stands at $90,000, indicating a relatively affluent area, although 10.4% of the population is classified as low-income. Housing prices are substantial, with an average property value of $920,000. The area has a significant proportion of single individuals, comprising 61.48% of the population, while 36.36% of households include children. Immigrants make up 22.08% of the population, contributing to the community's diversity. Additionally, 45.71% of residents are renters, and 11.43% live in condominiums. Educational attainment is high, with 59.7% of the population holding a college or university degree. However, a notable 34.33% of residents are not in the labor force, which may reflect retirement or other factors. Overall, this demographic snapshot highlights a mature, educated, and diverse community with a mix of homeowners and renters, alongside a significant number of single residents.