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    For Sale - 206 Parkview Crescent, Newmarket, Ontario

    Est payment $6,041/mo
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    Views   3
    Time on Jump  50 day

    AI Summary *

    • Prime location in Newmarket's Yonge & Davis corridor with great access.
    • Large 60 ft x 121 ft lot backing onto a tranquil ravine.
    • Bright, updated 4-bedroom layout with spacious principal rooms.
    • Two separate rental suites designed for comfort and minimal turnover.
    • Potential to generate $90,000 annual rental income for financial flexibility.




    The ultimate wealth-generating asset in central newmarket100% full vacant possession on closingwelcome to a premium house and a great asset in newmarket's prime yonge & davis corridor. The property generates about $90,000 rental income annually. Whether you are an institutional investor adding a high-yield vehicle to your portfolio, or a smart homeowner looking to completely eliminate your housing costs via "house-hacking," this property stands entirely in a league of its own. The land value: sprawling across an oversized, mature 60 ft x 121 ft premium lot, the property backs onto a tranquil ravine. Real estate is about location and land-and a 60-foot ravine lot in the heart of york region offers massive future appreciation and development protection. The configuration:main level: bright, spacious, updated 4-bedroom layout featuring principal rooms and large windows with the views of the ravine. Lower level: two separate, fully self-contained rental suites. Bright, comfortable, and designed to minimize turnover. The financial metrics: currently operating at a gross annual yield of approx. $90,000 across three tenancies. For an end-user, this income is large enough to offset your mortgage qualifications, effectively allowing you to occupy a premium detached ravine home in newmarket completely free while your tenants pay down your principal. The location: unbeatable transit and commercial footprint. Walk to upper canada mall, immediate access to the yonge st & davis dr transit corridors, minutes to the newmarket go station, southlake health centre, major stores, plazas, supermarkets and top-tier neighborhood schools. Choose your closing: the seller offers ultimate contractual flexibility to suit your profile. Retain the outstanding, low-maintenance good tenants for an uninterrupted stream of revenue from day one, or receive contractually guaranteed 100% full vacant possession on closing to choose your own market rents or move your extended family right in.
    Listing IDN13497606
    Address206 Parkview Crescent
    CityNewmarket, Ontario
    Price$1,258,000
    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

    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 $1,258,000
    Get more info