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    For Sale - 206 Parkview Crescent, Newmarket, Ontario

    Est payment $7,635/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Rare triple-income asset generating $120,000 gross annual income.
    • Two fully legalized basement suites with separate entrances upon closing.
    • Spacious 8 bedrooms and 3 kitchens in a renovated bungalow.
    • Large ravine lot offers potential for land appreciation and direct access.
    • Prime location near mall, transit, and quality schools.




    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.
    Listing IDN13145452
    Address206 Parkview Crescent
    CityNewmarket, Ontario
    Price$1,590,000
    Bed / Bath8 / 4 Full
    StyleBungalow, Detached
    ConstructionStucco (Plaster)
    TypeResidential
    StatusFor Sale

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

    Parking 4.00
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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 $1,590,000
    Get more info