Jag Patel
Broker
$1,698,000
Available - For Sale
Listing ID: N13085674
206 Parkview Crescent , Newmarket, L3Y 2C8, York
| PREMIER REVENUE ASSET - 100% OR 50% EQUITY STAKE AVAILABLE - $120K GROSS/YR Investment Opportunity: Rarely does an asset of this caliber reach the market. Strategically positioned in the Yonge & Davis corridor of Newmarket, this detached residence is a turn-key, high-yield business producing around $10,000/month in gross rental income. Fully Renovated Detached Bungalow- Turnkey Investment opportunity! This beautifully upgraded home is a rare find offering 3 self-contained units with 3 separate entrances. Two basement units are in the process of legalization. ideal for investors or multi-generational families! Situated on a generous 60x121 ft lot, backing onto a Ravine. The property is tenanted and offers immediate cash flow with significant long-term land appreciation. The tenants can stay or go. The main level features 4 spacious bedrooms, a bright living room with large picture windows, and a stunning family room with skylight that fills the space with natural light. The basement offers 2 separate units, each with 2 bedrooms and private entrances- perfect for strong rental income. The Property has 8 Bedrooms + 3 Kitchens. Mature lot with in-ground pool and direct ravine access. Ideal for future "Missing Middle" development or a luxury custom rebuild. Flexible Acquisition Structures: The Seller is offering two distinct exit strategies to accommodate different investor profiles: 100% Fee Simple Acquisition: Full ownership of the land and income stream. 50% Partial Interest (Co-Ownership): Purchase a 50% equity stake in the property. Ideal for investors seeking a "Profit Share" arrangement. Property located just minutes walk to Yonge Street, Davis Drive, and Upper Canada Mall, with easy access to transit, schools, parks, and shopping. This is more than a home |
| Price | $1,698,000 |
| Taxes: | $6206.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 206 Parkview Crescent , Newmarket, L3Y 2C8, York |
| Acreage: | < .50 |
| Directions/Cross Streets: | Yonge & Davis |
| Rooms: | 8 |
| Rooms +: | 8 |
| Bedrooms: | 4 |
| Bedrooms +: | 4 |
| Family Room: | T |
| Basement: | Apartment |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Ground | Living Ro | 21.88 | 19.88 | Large Window, Hardwood Floor |
| Room 2 | Ground | Dining Ro | 10.4 | 10.53 | Hardwood Floor |
| Room 3 | Ground | Family Ro | 14.04 | 12.6 | Hardwood Floor |
| Room 4 | Ground | Kitchen | 15.32 | 10.43 | Hardwood Floor |
| Room 5 | Ground | Primary B | 17.48 | 11.35 | Large Closet, Hardwood Floor |
| Room 6 | Ground | Bedroom 2 | 13.02 | 11.94 | Hardwood Floor |
| Room 7 | Ground | Bedroom 3 | 10.53 | 9.32 | Hardwood Floor |
| Room 8 | Ground | Bedroom 4 | 12.76 | 10.53 | Hardwood Floor |
| Room 9 | Basement | Family Ro | 12.27 | 10.89 | Laminate |
| Room 10 | Basement | Living Ro | 22.44 | 10.79 | Laminate |
| Room 11 | Basement | Kitchen | 11.18 | 6.43 | Laminate |
| Room 12 | Basement | Bedroom | 13.87 | 9.91 | Laminate |
| Room 13 | Basement | Bedroom 2 | 19.12 | 10.17 | Laminate |
| Room 14 | Basement | Bedroom 3 | 14.66 | 8.4 | Laminate |
| Room 15 | Basement | Bedroom 4 | 18.56 | 8.82 | Laminate |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Stucco (Plaster) |
| Garage Type: | None |
| (Parking/)Drive: | Front Yard |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Front Yard |
| Park #2 | |
| Parking Type: | Front Yard |
| Pool: | Inground |
| Approximatly Square Footage: | 1500-2000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| CENTRAL HOME REALTY INC. |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
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At a Glance:
| Type: | Freehold - Detached |
| Area: | York |
| Municipality: | Newmarket |
| Neighbourhood: | Central Newmarket |
| Style: | Bungalow |
| Tax: | $6,206 |
| Beds: | 4+4 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | Inground |
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