Travis
Jolanda
Natasha
206 Parkview Crescent - $1,399,000
206 Parkview Crescent - $1,399,000
206 Parkview Crescent
$1,399,000
Central Newmarket
Newmarket Central Newmarket, OntarioL3Y2C8
8 beds
4 baths
4 parking
MLS#: N13145452Listed: 16 days agoUpdated:2 days ago
Description
THE ULTIMATE PEACE OF MIND: RARE TRIPLE-INCOME ASSET | $100,000/ YEARLY GROSS | LEGALIZATION OF TWO BASEMENT UNITS IN PROGRESSF. The Seller provides an Unconditional Guarantee to deliver the property with Two Fully Legalized Basement Suites upon closing. Rare opportunity to acquire a high-yield detached residence in Newmarket's prime Yonge & Davis corridor. This turnkey business generates $100,000 gross annual income from 3 self-contained units with separate entrances. Crucially, legalization for the two basement units is currently underway, bridging the gap between "unauthorized" and "fully bankable" income-ideal for taking advantage of the stable 2026 interest rate environment. THE PROPERTY has 8 Bedrooms + 3 Kitchens: Renovated detached bungalow with 4 spacious bedrooms on the main level. Premium Ravine Lot: Generous 60x121 ft lot backing onto a ravine-ideal for long-term land appreciation. Flexibility: Existing professional tenants can stay for immediate cash flow or leave for owner-occupancy. Mature lot features an in-ground pool (as-is) and direct ravine access. Strategically located minutes from Upper Canada Mall, transit, and top-tier schools. ACQUISITION OPTIONS: Available as a 100% Fee Simple acquisition or a unique 50% Partial Interest (Co-Ownership) for strategic partners seeking a profit-share arrangement. (id:63050)Details
Details for 206 Parkview Crescent, Newmarket Central Newmarket, Ontario- Property Type
- Single Family
- Building Type
- House
- Storeys
- 1
- Neighborhood
- Central Newmarket
- Land Size
- 60 x 121 FT
- Year Built
- -
- Annual Property Taxes
- $6,206
- Parking Type
- No Garage
Inside
- Appliances
- Refrigerator, Oven, Dryer, Two Washers
- Rooms
- 15
- Bedrooms
- 8
- Bathrooms
- 4
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Apartment in basement, N/A
Building
- Architecture Style
- Bungalow
- Direction
- Cross Streets: Yonge St. & Davis Dr. ** Directions: Yonge and Davis.
- Type of Dwelling
- house
- Roof
- -
- Exterior
- Stucco
- Foundation
- Block
- Flooring
- Hardwood, Laminate
Land
- Sewer
- Sanitary sewer
- Lot Size
- 60 x 121 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- No Garage
- Total Parking
- 4
Utilities
- Cooling
- Central air conditioning
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- Inground pool
- Waterfront
- -
Rooms
Rooms for 206 Parkview Crescent, Newmarket Central Newmarket, OntarioMap
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