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    For Sale - 66 Prospect Street, Newmarket, Ontario

    Est payment $8,643/mo
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    Time on Jump  8 day

    AI Summary *

    • Unique income-producing triplex with attached 2-bedroom bungalow included.
    • Versatile mix of commercial and residential spaces for multiple income streams.
    • Current rental income plus immediate leasing opportunities available.
    • Prime location near hospitals, vibrant shops, restaurants, and public transit.
    • Potential for future development in a growing neighborhood.




    Exceptional investment opportunity in the heart of newmarket with future development potential! Rare opportunity to acquire a unique income-producing property comprising a legal triplex at 64-66 prospect street together with a charming detached 2-bedroom bungalow at the rear, municipally known as 567 granby place, all included in the purchase price. The main building features three units, including commercial office space on the ground floor and two residential apartments above, offering a versatile mix of commercial and residential income streams. With two units currently occupied and two vacant, investors can benefit from existing rental income while taking advantage of immediate leasing opportunities, with a combined potential rental income of approximately $9,000 per month ($108,000 annually), subject to market conditions. Ideally positioned just steps from southlake health (formerly southlake regional health centre) , historic downtown newmarket, main street's vibrant shops and restaurants, public transit, and the go train. Surrounded by ongoing neighbourhood growth and redevelopment activity, this property presents exciting long-term possibilities for investors, developers, and those seeking to expand their real estate portfolios. Multiple income streams offer diversification and attractive investment flexibility. Enjoy the benefits of immediate income potential, a highly desirable central location, and possible future redevelopment or intensification opportunities, subject to municipal approvals and buyer's independent due diligence. A rare opportunity to invest today while positioning yourself for tomorrow's growth!
    Listing IDN13882840
    Address66 Prospect Street
    CityNewmarket, Ontario
    Price$1,800,000
    Bed / Bath6 / 5 Full
    Style2 1/2 Storey, Multiplex
    ConstructionAluminum Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement Separate EntranceFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 8.00
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    * 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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    66 Prospect Street
    Newmarket , Ontario
    6 5 $1,800,000
    Get more info