Description

 Price: $ 1,698,000.00 MLS^®: N13085674         Location : 206 Parkview Crescent, Newmarket, ON L3Y 2C8

THE ULTIMATE PEACE OF MIND: RARE TRIPLE-INCOME ASSET | $10,000/MO GROSS | LEGALIZATION 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 $120,000 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: Fully 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.

Location Description

Yonge & Davis

Property Details

• Community: Central Newmarket
• Property Type: Tenant/Residential Freehold
• Bedrooms: 8
• Bath: 4
• Garages: None

Building Features

• Foundation Type: Concrete Block
• Construction Material: Stucco (Plaster)
• Total Parking Space: 4

Features

• Heating: Forced Air Gas
• Sewer: Sewer ,