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    For Sale - 53 Wilstead Drive, Newmarket, Ontario

    Est payment $4,250/mo
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    Time on Jump  1 days




    Welcome to 53 wilstead dr., a spacious 3+3 bedroom detached bungalow in the heart of newmarket, offering incredible income potential. Situated on a large 62' lot, this home features two separate units, making it ideal for multi-generational living or savvy investors. The main floor boasts 3 bright bedrooms, an open-concept living and dining area and a recently renovated kitchen with brand new appliances, including a fridge and stove. The lower level offers an additional 3 bedrooms, a full, recently renovated kitchen with brand new appliances, including a fridge and stove, and a common front entrance - perfect for rental income or an in-law suite. The upstairs unit has the potential to generate approximately $2,500/month in rental income, while the basement unit could generate approximately $2,000/month, providing strong cash flow opportunities for investors. Located in a strategic area surrounded by residential, institutional, and commercial uses, this property offers potential future redevelopment opportunities, subject to municipal approvals and buyer due diligence. For added value, there is also potential for a third income-generating suite in the double garage, which is separately heated with a gas heater, features an approximate 10-foot ceiling height, and provides an ideal space for a personal workshop, studio, or additional workspace, further enhancing the property's investment opportunities. Surrounded by mature trees and offering ample parking space, this property is conveniently located in a top-rated high school district, walking distance to upper canada mall, southlake hospital, rapid yrt transit, schools, go transit, and all major amenities. Vendor take back financing may be available through the seller. Don't miss out on this rare opportunity - book your showing today!
    Listing IDN13631744
    Address53 Wilstead Drive
    CityNewmarket, Ontario
    Price$885,000
    Bed / Bath6 / 2 Full
    StyleBungalow, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Accessory Apartment, In-Law Suite, On Demand Water Heater, Primary Bedroom - Main Floor, Water Heater OwnedOutdoor Features PorchAmenities Fenced Yard, Hospital, Library, Public Transit, School, School Bus RouteOwnership FreeholdBasement ApartmentFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 7.00
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    Listing Agency:  CENTURY 21 HERITAGE GROUP LTD.

    * 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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    53 Wilstead Drive
    Newmarket , Ontario
    6 2 $885,000
    Get more info