53, Wilstead, Central Newmarket, Newmarket, Residential Freehold
- 6 beds |
- 2 baths |
- 700-1100 SQFT
Description
Residential Freehold Detached For Sale.
Welcome To 53 Wilstead Dr., A Spacious 3+3 Bedroom Detached Bungalow In The Heart Of Newmarket, Offering Incredible Income Potential. Situated On A Large 62' Lot, This Home Features Two Separate Units, Making It Ideal For Multi-Generational Living Or Savvy Investors. The Main Floor Boasts 3 Bright Bedrooms, An Open-Concept Living And Dining Area And A Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove. The Lower Level Offers An Additional 3 Bedrooms, A Full, Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove, And A Common Front Entrance - Perfect For Rental Income Or An In-Law Suite. The Upstairs Unit Has The Potential To Generate Approximately $2,500/Month In Rental Income, While The Basement Unit Could Generate Approximately $2,000/Month, Providing Strong Cash Flow Opportunities For Investors. Located In A Strategic Area Surrounded By Residential, Institutional, And Commercial Uses, This Property Offers Potential Future Redevelopment Opportunities, Subject To Municipal Approvals And Buyer Due Diligence. For Added Value, There Is Also Potential For A Third Income-Generating Suite In The Double Garage, Which Is Separately Heated With A Gas Heater, Features An Approximate 10-Foot Ceiling Height, And Provides An Ideal Space For A Personal Workshop, Studio, Or Additional Workspace, Further Enhancing The Property's Investment Opportunities. Surrounded By Mature Trees And Offering Ample Parking Space, This Property Is Conveniently Located In A Top-Rated High School District, Walking Distance To Upper Canada Mall, Southlake Hospital, Rapid YRT Transit, Schools, GO Transit, And All Major Amenities. Vendor Take Back Financing May Be Available Through The Seller. Don't Miss Out On This Rare Opportunity - Book Your Showing Today!
Property Features: Fenced Yard, Hospital, Library, Public Transit, School, School Bus Route
Interior Features: Accessory Apartment, In-Law Suite, On Demand Water Heater, Primary Bedroom - Main Floor, Water Heater Owned
Cross Street: https://maps.app.goo.gl/GrHDdQa4rBsu16y19
Direction Faces: East
Key Facts
- Days on: 1 days
- Mls Status: New
- Bedrooms Total: 6
- Bedrooms Below Grade: 3
- Bedrooms Above Grade: 3
- Bathrooms Total Integer: 2
- Lot Width: 61.92
- Kitchens Total: 2
- Parking Total: 7
- Parking Spaces: 5
- Parking Features: Private
- Garage Type: Detached
- Heat Source: Gas
- Heat Type: Forced Air
- Cooling: None
- Living Area Range: 700-1100 Square Feet
Location 53, Wilstead, Central Newmarket, Newmarket
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