$999,900
Available - For Sale
Listing ID: N13497606
206 Parkview Crescent , Newmarket, L3Y 2C8, York
| 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. |
| Price | $999,900 |
| Taxes: | $6206.00 |
| Occupancy: | Tenant |
| Address: | 206 Parkview Crescent , Newmarket, L3Y 2C8, York |
| Acreage: | < .50 |
| Directions/Cross Streets: | Yonge St. & Davis Dr. |
| 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 | Ground |
| Washroom Type 2 | 3 | Basement |
| 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 |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| CENTRAL HOME REALTY INC. |
|
|
Antonella Monte
Broker
Dir:
647-282-4848
Bus:
647-282-4848
| Book Showing | Email a Friend |
Jump To:
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 |
Locatin Map:
Payment Calculator:
