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    For Sale - 37 Newbury Drive, Newmarket, Ontario

    Est payment $3,597/mo
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    Views   1
    Time on Jump  3 day

    AI Summary *

    • Turnkey legal 2-unit property in a mature, transit-friendly neighborhood.
    • Upper unit has 3 bedrooms, lower unit has 2 bedrooms, both recently renovated.
    • Currently leased as a single unit, generating nearly $50,000 in rental income.
    • Occupied by responsible tenants wishing to stay, providing immediate income.
    • Great access to amenities and transit options for convenient commuting.




    Skip the major renos, permits, and tenant search! This is a turnkey legal 2-unit property (listed on the town of newmarket's registry) in a mature, transit-friendly neighbourhood. Upper unit consist of 3 bedrooms and 1 bath, lower unit, 2 bedrooms and 1 bath- both units were beautifully renovated in 2021 with modern finishes and highly functional layouts! The property is currently leased as a single unit at a strong market rate, generating nearly $50,000 in gross rental income with an exceptional net operating income (noi). Occupied by a responsible professional tenant and family that have expressed a strong desire to remain in place, this asset provides a new owner with immediate, built-in income and the future flexibility of its legalized two-unit zoning. This is a fantastic opportunity for an investor seeking an income-producing asset where the updates and legal status are already secured. Newmarket offers a complete lifestyle with access to major amenities, including upper canada mall, costco, and southlake regional health centre. The area is well-connected for easy travel throughout the gta with quick access to highway 404 and within walking distance to viva transit and the go station, making commuting convenient and reliable.. Pictures were taken prior to the existing tenants. Photos virtually staged.
    Listing IDN13133278
    Address37 Newbury Drive
    CityNewmarket, Ontario
    Price$749,000
    Bed / Bath5 / 2 Full
    StyleBungalow-Raised, Semi-Detached
    ConstructionBrick, Stone
    TypeResidential
    StatusFor Sale

    Subtype Semi-Detached Indoor Features OtherAmenities Greenbelt/Conservation, Hospital, Library, Public Transit, School, Place Of WorshipOwnership FreeholdBasement Apartment, Separate EntranceFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Agency:  SUTTON GROUP-ADMIRAL 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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

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    37 Newbury Drive
    Newmarket , Ontario
    5 2 $749,000
    Get more info