Amy
Jolanda
Learie
206 Parkview Crescent - $999,900
206 Parkview Crescent - $999,900
206 Parkview Crescent
$999,900
Central Newmarket
Newmarket Central Newmarket, OntarioL3Y2C8
8 beds
4 baths
4 parking
MLS#: N13497606Listed: about 3 hours agoUpdated:about 3 hours ago
Description
THE ULTIMATE WEALTH-GENERATING ASSET IN CENTRAL NEWMARKET100% FULL VACANT POSSESSION ON CLOSINGWelcome to a premium house and a great asset in Newmarket's prime Yonge & Davis corridor. The property generates about $90,000 rental income annually. Whether you are an institutional investor adding a high-yield vehicle to your portfolio, or a smart homeowner looking to completely eliminate your housing costs via "house-hacking," this property stands entirely in a league of its own.THE LAND VALUE: Sprawling across an oversized, mature 60 ft x 121 ft premium lot, the property backs onto a tranquil ravine. Real estate is about location and land-and a 60-foot ravine lot in the heart of York Region offers massive future appreciation and development protection.THE CONFIGURATION:Main Level: Bright, spacious, updated 4-bedroom layout featuring principal rooms and large windows with the views of the ravine.Lower Level: Two separate, fully self-contained rental suites. Bright, comfortable, and designed to minimize turnover.THE FINANCIAL METRICS: Currently operating at a gross annual yield of approx. $90,000 across three tenancies. For an end-user, this income is large enough to offset your mortgage qualifications, effectively allowing you to occupy a premium detached ravine home in Newmarket completely free while your tenants pay down your principal.THE LOCATION: Unbeatable transit and commercial footprint. Walk to Upper Canada Mall, immediate access to the Yonge St & Davis Dr transit corridors, minutes to the Newmarket GO Station, Southlake Health Centre, major stores, plazas, supermarkets and top-tier neighborhood schools.CHOOSE YOUR CLOSING: The seller offers ultimate contractual flexibility to suit your profile. Retain the outstanding, low-maintenance good tenants for an uninterrupted stream of revenue from day one, OR receive contractually guaranteed 100% full vacant possession on closing to choose your own market rents or move your extended family right in. (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
- Water meter
- 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 St. and Davis Dr.
- 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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