206 Parkview Cres, Newmarket, Ontario

House for Sale in Newmarket

206 Parkview Cres, Newmarket, ON

  • CA$1,389,000
  • 4+4 BEDS
  • 4 BATHS
  • CA$1,389,000

House for Sale in Newmarket

206 Parkview Cres, Newmarket, ON

  • CA$1,389,000
  • 4+4 BEDS
  • 4 BATHS
  • CA$1,389,000

Key Facts

  • MLS® #: N13497606
  • Property ID: SIRC3459723
  • Property Type: Residential, Detached
  • Living Area¹: 1500-2000 sq.ft.
  • Lot Size¹: 60x121 ft.
  • Bedrooms: 4+4
  • Bathrooms: 4
  • Additional Rooms: Den
  • Parking Spaces: 4
  • Listed By:
  • CENTRAL HOME REALTY INC.

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.

Rooms

  • TypeLevelDimensionsFlooring
  • Living roomGround floor19' 10.5" x 21' 10.5"Other
  • Dining roomGround floor10' 6.3" x 10' 4.8"Other
  • Family roomGround floor12' 7.1" x 14' 5"Other
  • KitchenGround floor10' 5.1" x 15' 3.8"Other
  • OtherGround floor11' 4.2" x 17' 5.8"Other
  • BedroomGround floor11' 11.3" x 13' 2.9"Other
  • BedroomGround floor9' 3.8" x 10' 6.3"Other
  • BedroomGround floor10' 6.3" x 12' 9.1"Other
  • Family roomBasement10' 10.7" x 12' 3.2"Other
  • Living roomBasement10' 9.5" x 22' 5.2"Other
  • KitchenBasement6' 5.1" x 11' 2.2"Other
  • BedroomBasement9' 10.8" x 13' 10.5"Other
  • BedroomBasement10' 2" x 19' 1.5"Other
  • BedroomBasement8' 4.7" x 14' 7.9"Other
  • BedroomBasement8' 9.9" x 18' 6.8"Other

Listing Agents

CENTRAL HOME REALTY INC.

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Location

206 Parkview Cres, Newmarket, Ontario, L3Y 2C8 Canada

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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.
¹The value refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.
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