206 Parkview CRES, Newmarket, ON L3Y 2C8
206 Parkview CRES, Newmarket, ON L3Y 2C8
206 Parkview CRES, Newmarket, ON L3Y 2C8
206 Parkview CRES, Newmarket, ON L3Y 2C8
206 Parkview CRES, Newmarket, ON L3Y 2C8
206 Parkview CRES, Newmarket, ON L3Y 2C8
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Jonathan Colford

Jonathan Colford

+1(647) 823-6092
$ 1,698,000
Est. payment | /mo

8 Beds

4 Baths

Save
$ 1,698,000
Est. payment | /mo
Save

8 Beds

4 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Central Newmarket

MLS Listing ID N13085674

Style Bungalow

Bedrooms 8

Annual Tax Amount $6,206

Tax Year 2025

Property Sub-Type Detached

Property Description

RARE TRIPLE-INCOME ASSET | $10,000/MO GROSS | LEGALIZATION IN PROGRESSF Rare opportunity to acquire a high-yield detached residence in Newmarket's prime Yonge & Davis corridor. This turnkey business generates $120,000 gross annual income from 3 self-contained units with separate entrances. Crucially, legalization for the two basement units is currently underway, bridging the gap between "unauthorized" and "fully bankable" income-ideal for taking advantage of the stable 2026 interest rate environment. THE PROPERTY has 8 Bedrooms + 3 Kitchens: Fully renovated detached bungalow with 4 spacious bedrooms on the main level. Premium Ravine Lot: Generous 60x121 ft lot backing onto a ravine-ideal for long-term land appreciation. Flexibility: Existing professional tenants can stay for immediate cash flow or leave for owner-occupancy. Mature lot features an in-ground pool (as-is) and direct ravine access. Strategically located minutes from Upper Canada Mall, transit, and top-tier schools. ACQUISITION OPTIONS: Available as a 100% Fee Simple acquisition or a unique 50% Partial Interest (Co-Ownership) for strategic partners seeking a profit-share arrangement.

Location

Province ON

County York

Area York

Rooms

Family Room Yes

Basement Apartment

Kitchen 3

Separate Den/Office 4

Interior

Interior Features Other

Cooling Central Air

Fireplace Yes

Heat Source Gas

Exterior

Parking Features Front Yard Parking

Pool Inground

Roof Type Asphalt Shingle

Lot Frontage 60.0

Lot Depth 121.0

Total Parking Spaces 4

Building

Foundation Concrete Block

Others

ParcelsYN Yes

Listed by CENTRAL HOME REALTY INC.

Nearby Locations

Jonathan Colford

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 823-6092

jonathan.colford@exprealty.com

8763 Bayview Ave #127, Richmond Hill, ON L4B 3V1, ON, CAN

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206 Parkview CRES