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Est. payment /mo
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206 Parkview CRES Newmarket, ON L3Y 2C8
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Central Newmarket
MLS Listing ID N13085674
Style Bungalow
Bedrooms 8
Annual Tax Amount $6,206
Tax Year 2025
Property Sub-Type Detached
Property Description
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
Province ON
County York
Area York
Rooms
Family Room Yes
Basement Apartment
Kitchen 3
Separate Den/Office 4
Interior
Interior Features Other
Cooling Central Air
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Pool Inground
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 121.0
Total Parking Spaces 4
Building
Foundation Concrete Block
Others
ParcelsYN Yes
Listed by CENTRAL HOME REALTY INC.