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MLS® N13497606
Newmarket, ON
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.
Broker
CENTRAL HOME REALTY INC.
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Detached
206 Parkview Crescent Newmarket
Newmarket
Type
Detached
Basement
Apartment
Parking
None (4)
Property Tax
~$6,206/yr
Heating
Forced Air
Buying Essentials
Square Feet
1750 sqft
Facing Direction
South
Parking
None (4)
Finances
List Price
$1,258,000
Price per SQFT
$719/sqft
Property Tax
~$6,206/yr
Property Specs
Property Type
Detached
MLS Size
1750 sqft
Basement
Apartment
Living & Amenities
Heating Type
Forced Air
Features
Other
Policies & Utilities
Neighbourhood
Newmarket
Listed On
Jun 22, 2026
Days on Market
Current: 138 days
Large Window, Hardwood Floor
21.9 x 19.9
435 sqft
Hardwood Floor
10.4 x 10.5
110 sqft
Hardwood Floor
14.0 x 12.6
177 sqft
Hardwood Floor
15.3 x 10.4
160 sqft
Large Closet, Hardwood Floor
17.5 x 11.4
199 sqft
Hardwood Floor
13.0 x 11.9
156 sqft
Hardwood Floor
10.5 x 9.3
98 sqft
Hardwood Floor
12.8 x 10.5
134 sqft
Laminate
12.3 x 10.9
134 sqft
Laminate
22.4 x 10.8
242 sqft
Laminate
11.2 x 6.4
72 sqft
Laminate
13.9 x 9.9
138 sqft
Laminate
19.1 x 10.2
195 sqft
Laminate
14.7 x 8.4
123 sqft
Laminate
18.6 x 8.8
164 sqft
Rooms
15
Listed Room Area
2,537 sqft
Source
Estimated from MLS room dimensions
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