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    For Sale - 206 Parkview Crescent, Newmarket, Ontario

    Est payment $8,154/mo
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    Time on Jump  1 days

    AI Summary *

    • High-yield investment with $120K annual gross rental income potential.
    • Turnkey property with three self-contained units and separate entrances.
    • Mature lot features an in-ground pool and direct access to a ravine.
    • Flexible acquisition options for full or partial ownership available.
    • Great location close to shopping, transit, schools, and parks.




    Premier revenue asset - 100% or 50% equity stake available - $120k gross/yr investment opportunity: rarely does an asset of this caliber reach the market. Strategically positioned in the yonge & davis corridor of newmarket, this detached residence is a turn-key, high-yield business producing around $10,000/month in gross rental income. Fully renovated detached bungalow- turnkey investment opportunity! This beautifully upgraded home is a rare find offering 3 self-contained units with 3 separate entrances. Two basement units are in the process of legalization. Ideal for investors or multi-generational families! Situated on a generous 60x121 ft lot, backing onto a ravine. The property is tenanted and offers immediate cash flow with significant long-term land appreciation. The tenants can stay or go. The main level features 4 spacious bedrooms, a bright living room with large picture windows, and a stunning family room with skylight that fills the space with natural light. The basement offers 2 separate units, each with 2 bedrooms and private entrances- perfect for strong rental income. The property has 8 bedrooms + 3 kitchens. Mature lot with in-ground pool and direct ravine access. Ideal for future "missing middle" development or a luxury custom rebuild. Flexible acquisition structures: the seller is offering two distinct exit strategies to accommodate different investor profiles: 100% fee simple acquisition: full ownership of the land and income stream. 50% partial interest (co-ownership): purchase a 50% equity stake in the property. Ideal for investors seeking a "profit share" arrangement. Terms of the joint venture/co-ownership agreement are available upon request. Financial highlights: annual gross income: $120,000 pro-forma cap rate: ~5. 1%. Property located just minutes walk to yonge street, davis drive, and upper canada mall, with easy access to transit, schools, parks, and shopping. This is more than a home
    Listing IDN13085674
    Address206 Parkview Crescent
    CityNewmarket, Ontario
    Price$1,698,000
    Bed / Bath8 / 4 Full
    StyleBungalow, Detached
    ConstructionStucco (Plaster)
    Land Size7264
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherOwnership FreeholdBasement ApartmentFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  CENTRAL HOME REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    206 Parkview Crescent
    Newmarket , Ontario
    8 4 $1,698,000
    Get more info