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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 1,389,000

Est. payment | -/mo

8 Beds

4 Baths

1,500 SqFt

Save

$ 1,389,000

Est. payment | -/mo

Save

8 Beds

4 Baths

1,500 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $926

Subdivision Central Newmarket

MLS® Listing ID N13497606

Style Bungalow

Bedrooms 8

Property Sub-Type Freehold

Property Description

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. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 3.41 m X 1.96 m Kitchen

Extra Room 2 Basement 4.23 m X 3.02 m Bedroom

Extra Room 3 Basement 5.83 m X 3.1 m Bedroom 2

Extra Room 4 Basement 4.47 m X 2.56 m Bedroom 3

Extra Room 5 Basement 5.66 m X 2.69 m Bedroom 4

Extra Room 6 Basement 3.74 m X 3.32 m Family room

Interior

Heating Forced air

Cooling Central air conditioning

Flooring Hardwood, Laminate

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool Yes

Building

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

Ownership Freehold

Listed by CENTRAL HOME REALTY INC.

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+1(647) 493-3579

info@tonyledi.com

CAN

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206 PARKVIEW CRESCENT Newmarket (central Newmarket), ON L3Y2C8