22
See all 22 photos
$1,590,000
Est. payment /mo
8 Beds
4 Baths
New
206 Parkview CRES Newmarket, ON L3Y 2C8
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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 N13145452
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
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.
Nearby Locations
GET MORE INFORMATION