Jolanda
Natasha
Mohamed
37 Newbury Drive - $719,000
37 Newbury Drive - $719,000
37 Newbury Drive
$719,000
Bristol-London
Newmarket Bristol London, OntarioL3Y4P9
5 beds
2 baths
4 parking
MLS#: N13170426Listed: 10 days agoUpdated:10 days ago
Description
Skip the major renos, permits, and tenant search! This is a turnkey legal 2-unit property (listed on the Town of Newmarket's registry) in a mature, transit-friendly neighbourhood. Upper unit consist of 3 bedrooms and 1 bath, lower unit, 2 bedrooms and 1 bath- both units were beautifully renovated in 2021 with modern finishes and highly functional layouts! The property is currently leased as a single unit at a strong market rate, generating nearly $50,000 in Gross Rental Income with an exceptional Net Operating Income (NOI). Occupied by a responsible professional tenant and family that have expressed a strong desire to remain in place, this asset provides a new owner with immediate, built-in income and the future flexibility of its legalized two-unit zoning. This is a fantastic opportunity for an investor seeking an income-producing asset where the updates and legal status are already secured. Newmarket offers a complete lifestyle with access to major amenities, including Upper Canada Mall, Costco, and Southlake Regional Health Centre. The area is well-connected for easy travel throughout the GTA with quick access to Highway 404 and within walking distance to Viva Transit and the GO station, making commuting convenient and reliable.. Pictures were taken prior to the existing tenants. Photos virtually staged (id:63050)Details
Details for 37 Newbury Drive, Newmarket Bristol London, Ontario- Property Type
- Single Family
- Building Type
- House
- Storeys
- 1
- Neighborhood
- Bristol-London
- Land Size
- 32.5 x 97 FT
- Year Built
- -
- Annual Property Taxes
- $4,012
- Parking Type
- Garage, Carport
Inside
- Appliances
- All, Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
- Rooms
- -
- Bedrooms
- 5
- Bathrooms
- 2
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Apartment in basement, Separate entrance, N/A, N/A
Building
- Architecture Style
- Raised bungalow
- Direction
- Cross Streets: Yonge Street and Davis Drive. ** Directions: Yonge Street and Davis Drive.
- Type of Dwelling
- house
- Roof
- -
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 32.5 x 97 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- Garage, Carport
- Total Parking
- 4
Utilities
- Cooling
- None
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- Conservation/green belt
- Security
- Alarm system
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 37 Newbury Drive, Newmarket Bristol London, OntarioMap
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