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    For Sale - 366-370 Penn Avenue, Newmarket, Ontario

    Est payment $28,715/mo
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    Time on Jump  9 day

    AI Summary *

    • 19-unit building with a mix of studio, one-bedroom, and two-bedroom suites.
    • Spacious units, established tenants, and professionally managed common areas.
    • Recent upgrades include windows, roof, painted common areas, and security systems.
    • Walkable to the GO station, hospital, shops, and nearby schools.
    • Convenient access to Highway 404 and weekday train service to Union Station.




    Rarely offered 19-unit multifamily investment (mix of studio, 1- and 2-bedroom suites) located at 366-370 penn ave in the heart of newmarket, ontario, a location tenants want. Excellent investment property with lots of upside. This building features a modern stucco exterior, recently replaced windows, a new roof, freshly painted common areas, a master keyed lock system, an ai camera security system, fob-controlled intercom access and many updates throughout,. This building has been professionally managed and well cared for. All units show well and are spacious, with a great tenant base and no ltb issues. Southlake hospital is only a 2-minute drive or under a 15-minute walk away. The newmarket go station is a 5-minute walk or 2-minute drive and offers regular weekday service to union station, ideal for commuters. Upper canada mall, with its 250 stores and services, is a short drive away, and everyday shopping is close by. Public, private and catholic schools are all nearby, making this a sought-after address for families. Easy access to highway 404 connects you to the gta and beyond. Walkable, transit-connected and close to a major employer in southlake hospital, this is the kind of location that keeps units full and demand strong. Walk-throughs begin monday, november 9th at 10 am. Listing broker has an interest in the property. Contact listing broker for offering memorandum.
    Listing IDN14137264
    Address366-370 Penn Avenue
    CityNewmarket, Ontario
    Price$5,980,000
    Bath19 Full
    StyleInvestment
    Land Size23516
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Public TransitHeating / Cooling Water RadiatorsSewer Sanitary+Storm

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    Listing Brokerage: LEAF AND PALM REALTY CORP.

    * 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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    366-370 Penn Avenue
    Newmarket , Ontario
    19 $5,980,000
    Get more info