Detached Home for Sale: 206 Parkview Crescent, Central Newmarket, Newmarket
- 8 beds |
- 4 baths |
- 7264 SQFT
Description
Residential Freehold Detached For Sale.
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.
Interior Features: Other
Cross Street: Yonge St. & Davis Dr.
Direction Faces: South
Key Facts
- Days on: 95 days
- Mls Status: Price Change
- Bedrooms Total: 8
- Bedrooms Below Grade: 4
- Bedrooms Above Grade: 4
- Den / Family Room: Yes
- Bathrooms Total Integer: 4
- Lot Width: 60.00
- Kitchens Total: 3
- Parking Total: 4
- Parking Spaces: 4
- Parking Features: Front Yard Parking
- Garage Type: None
- Heat Source: Gas
- Heat Type: Forced Air
- Cooling: Central Air
- Lot Size Area: 7264 SquareFeet
- Living Area Range: 1500-2000 Square Feet
Location 206, Parkview, Central Newmarket, Newmarket
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