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For Sale
Open House Sun 1820

272 Jeff Smith Court

Gorham-College Manor, Newmarket, ON
$548,888
2Bd
1Ba
900+sqft
2Parking
47 x 76 ftlot
$610/sqft
DetachedMLS# N12848758Listed 2026-03-0544 DOM
Heating
On Demand Water Heater
Cooling
Central Air
Basement
Unfinished

On the market for 44 days — longer than average. The seller may be open to negotiation.

About this home

Land Lease $1290/mo - Age 55+. Rare opportunity to enjoy retirement living in the welcoming enclave of Leisure Valley Retirement Community in Newmarket downtown steps to Riverwalk Commons. A peaceful cul-de-sac community designed exclusively for residents 55+. This thoughtfully upgraded and updated 2-bedroom bungalow offers comfortable single-level living with minimal maintenance, ideal for retirees and downsizers seeking simplicity, security, and connection in a friendly neighbourhood setting. Located in the heart of Newmarket, residents benefit from a vibrant and active community atmosphere. Enjoy live performances at the Newmarket Theatre, explore local history at the Elman W. Campbell Museum, stroll the scenic trails of Fairy Lake Park, or spend time at Riverwalk Commons. With York Region Transit at your door and close proximity to Southlake Regional Health Centre, Main Street shopping, restaurants, and everyday amenities, everything you need is within easy reach. Just 7 minutes to Highway 404. Inside, hardwood flooring flows throughout. The updated senior-friendly bathroom features an oversized walk-in shower with built-in seat, hand shower, and safety grab bars. The spacious custom kitchen offers oak cabinetry and a large centre island with breakfast bar, a dining area with garden door walkout and oversized composite deck with privacy and mature tree views, perfect for quiet mornings or entertaining family and friends for BBQ. Residents enjoy nearby social and recreational activities including curling, cards, walking trails, and community gatherings, supporting an active and engaged lifestyle in a safe, well-maintained setting with private green space for resident use. Pets welcome, subject to landlord approval. Land Lease: $910 per month, Maintenance Fee: $250 per month, Taxes: $130 per month, Total Monthly Cost: $1,290 per month plus utilities (Fees include snow removal, grass cutting and exterior maintenance as per the Lease Agreement.)

Cul-de-sacWalkoutHardwood

Rooms

Basement
Utility Room9.75 × 5.37 m
Workshop9.75 × 5.37 m
Other
Great Room4.91 × 3.69 m
Dining Room3.99 × 7.93 m
Kitchen5.53 × 3.69 m
Primary Bedroom3.69 × 3.39 m
Bedroom 22.79 × 3.09 m

Features

  • On Demand Water Heater
  • Primary Bedroom - Main Floor
  • Deck
  • Landscaped
  • Privacy
  • Unfinished
  • Full
  • Central Air
  • Bungalow

Financials

Annual Taxes
$0

Estimated Rental Income

Entire property$2,600 – $3,800/mo
Basement apartment$1,800 – $2,500/mo
Rental yield5.7% – 8.3%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Newmarket

Days on market44 days
Buyer's MarketSeller's Market

Based on active listings in Newmarket. Data updates daily.

Demographics — Newmarket

Population
87,942
Avg Household Income
$118,000
Age Distribution
0-19
22%
20-34
17%
35-49
20%
50-64
22%
65+
19%
Ownership
76% own · 24% rent
EnglishFrenchFarsiRussianMandarin

Our estimate for this home

Priced 14.6% below estimate
Estimated range
$595K$691K
Mid-point $643K · ~$714/sqft
How this listing compares
$595KList · $549K$691K
High confidence·Based on 37 newmarket comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$548,888
272 Jeff Smith Court, Newmarket
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