206 Parkview Crescent,Newmarket, ON L3Y 2C8
Newmarket, ON L3Y 2C8
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.
Details
| MLS # | N13497606 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 57 |
| Listing Provided By | CENTRAL HOME REALTY INC. | N13497606 280600 |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Pool | Yes |
| Acreage | 0.17 |
Interior
| Interior Features | Other |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete Block |
| Construction Materials | Stucco (Plaster) |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Front Yard Parking |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6206 |
|---|---|
| Tax Legal Description | Plan 435 Pt Lot 23 |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | York |
| City | Newmarket |
| Postal Code | L3Y 2C8 |
| Area | Central Newmarket |
| Listing VS Median (in L3Y 2C8) | |
Price: $1,258,000 low | high Med: $0 On site: 57 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | York |
| City | Newmarket |
| Postal Code | L3Y 2C8 |
| Area | Central Newmarket |
| Listing VS Median (in L3Y 2C8) | |
Price: $1,258,000 low | high Med: $0 On site: 57 low | high Med: | |
