$1,590,000
Available - For Sale
Listing ID: N13145452
206 Parkview Crescent , Newmarket, L3Y 2C8, York
| 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. |
| Price | $1,590,000 |
| Taxes: | $6206.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 206 Parkview Crescent , Newmarket, L3Y 2C8, York |
| Directions/Cross Streets: | Yonge St. & Davis Dr. |
| Rooms: | 8 |
| Rooms +: | 8 |
| Bedrooms: | 4 |
| Bedrooms +: | 4 |
| Family Room: | T |
| Basement: | Apartment |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Ground | Living Ro | 21.88 | 19.88 | Large Window, Hardwood Floor |
| Room 2 | Ground | Dining Ro | 10.53 | 10.4 | Hardwood Floor |
| Room 3 | Ground | Family Ro | 14.04 | 12.6 | Hardwood Floor |
| Room 4 | Ground | Kitchen | 15.32 | 10.43 | Hardwood Floor |
| Room 5 | Ground | Primary B | 17.48 | 11.35 | Large Closet, Hardwood Floor |
| Room 6 | Ground | Bedroom 2 | 13.02 | 11.94 | Hardwood Floor |
| Room 7 | Ground | Bedroom 3 | 10.53 | 9.32 | Hardwood Floor |
| Room 8 | Ground | Bedroom 4 | 12.76 | 10.53 | Hardwood Floor |
| Room 9 | Basement | Family Ro | 12.27 | 10.89 | Laminate |
| Room 10 | Basement | Living Ro | 22.44 | 10.79 | Laminate |
| Room 11 | Basement | Kitchen | 11.18 | 6.43 | Laminate |
| Room 12 | Basement | Bedroom | 13.87 | 9.91 | Laminate |
| Room 13 | Basement | Bedroom 2 | 19.12 | 10.17 | Laminate |
| Room 14 | Basement | Bedroom 3 | 14.66 | 8.4 | Laminate |
| Room 15 | Basement | Bedroom 4 | 18.56 | 8.82 | Laminate |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Stucco (Plaster) |
| Garage Type: | None |
| Drive Parking Spaces: | 4 |
| Pool: | Inground |
| Approximatly Square Footage: | 1500-2000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| CENTRAL HOME REALTY INC. |
|
|
.jpg?src=Custom)
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Freehold - Detached |
| Area: | York |
| Municipality: | Newmarket |
| Neighbourhood: | Central Newmarket |
| Style: | Bungalow |
| Tax: | $6,206 |
| Beds: | 4+4 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | Inground |
Locatin Map:
Payment Calculator:
- Color Examples
- Red
- Magenta
- Gold
- Green
- Black and Gold
- Dark Navy Blue And Gold
- Cyan
- Black
- Purple
- Brown Cream
- Blue and Black
- Orange and Black
- Default
- Device Examples