206 Parkview Crescent, Newmarket, ON, L3Y 2C8

Property Details: - Type: Detached - Bedrooms: 4 - Bathrooms: 4 - MLS#: N13085674 Listed By: CENTRAL HOME REALTY INC.

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. This detached home located at 206 Parkview Crescent, Newmarket is currently for sale and has been available on Zolo.ca for 5 days. This property is listed at $1,698,000 with an estimated mortgage of $6,250* per month. It has 4 beds, 4 bathrooms, and is 1500-2000 square feet. 206 Parkview Crescent, Newmarket is in the Central Newmarket neighborhood Newmarket. Bristol London, Gorham College Manor and Armitage are nearby neighborhoods.