206 Parkview Crescent Newmarket, Ontario L3Y 2C8
$1,698,000
PREMIER REVENUE ASSET - 100% OR 50% EQUITY STAKE AVAILABLE - $120K GROSS/YR Investment Opportunity: Rarely does an asset of this caliber reach the market. Strategically positioned in the Yonge & Davis corridor of Newmarket, this detached residence is a turn-key, high-yield business producing around $10,000/month in gross rental income. Fully Renovated Detached Bungalow- Turnkey Investment opportunity! This beautifully upgraded home is a rare find offering 3 self-contained units with 3 separate entrances. Two basement units are in the process of legalization. ideal for investors or multi-generational families! Situated on a generous 60x121 ft lot, backing onto a Ravine. The property is tenanted and offers immediate cash flow with significant long-term land appreciation. The tenants can stay or go. The main level features 4 spacious bedrooms, a bright living room with large picture windows, and a stunning family room with skylight that fills the space with natural light. The basement offers 2 separate units, each with 2 bedrooms and private entrances- perfect for strong rental income. The Property has 8 Bedrooms + 3 Kitchens. Mature lot with in-ground pool and direct ravine access. Ideal for future "Missing Middle" development or a luxury custom rebuild. Flexible Acquisition Structures: The Seller is offering two distinct exit strategies to accommodate different investor profiles: 100% Fee Simple Acquisition: Full ownership of the land and income stream. 50% Partial Interest (Co-Ownership): Purchase a 50% equity stake in the property. Ideal for investors seeking a "Profit Share" arrangement. Terms of the Joint Venture/Co-ownership Agreement are available upon request. Financial Highlights: Annual Gross Income: $120,000 Pro-Forma Cap Rate: ~5.1%. Property located just minutes walk to Yonge Street, Davis Drive, and Upper Canada Mall, with easy access to transit, schools, parks, and shopping. This is more than a home (id:49269)
Property Details
| MLS® Number | N13085674 |
| Property Type | Single Family |
| Community Name | Central Newmarket |
| Parking Space Total | 4 |
| Pool Type | Inground Pool |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 8 |
| Appliances | Water Meter, Dryer, Oven, Two Washers, Refrigerator |
| Architectural Style | Bungalow |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Stucco |
| Fireplace Present | Yes |
| Flooring Type | Hardwood, Laminate |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,500 - 2,000 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 121 Ft |
| Size Frontage | 60 Ft |
| Size Irregular | 60 X 121 Ft |
| Size Total Text | 60 X 121 Ft|under 1/2 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Kitchen | 3.41 m | 1.96 m | 3.41 m x 1.96 m |
| Basement | Bedroom | 4.23 m | 3.02 m | 4.23 m x 3.02 m |
| Basement | Bedroom 2 | 5.83 m | 3.1 m | 5.83 m x 3.1 m |
| Basement | Bedroom 3 | 4.47 m | 2.56 m | 4.47 m x 2.56 m |
| Basement | Bedroom 4 | 5.66 m | 2.69 m | 5.66 m x 2.69 m |
| Basement | Family Room | 3.74 m | 3.32 m | 3.74 m x 3.32 m |
| Basement | Living Room | 6.84 m | 3.29 m | 6.84 m x 3.29 m |
| Ground Level | Living Room | 6.67 m | 6.06 m | 6.67 m x 6.06 m |
| Ground Level | Dining Room | 3.17 m | 3.21 m | 3.17 m x 3.21 m |
| Ground Level | Family Room | 4.28 m | 3.84 m | 4.28 m x 3.84 m |
| Ground Level | Kitchen | 4.67 m | 3.18 m | 4.67 m x 3.18 m |
| Ground Level | Primary Bedroom | 5.33 m | 3.46 m | 5.33 m x 3.46 m |
| Ground Level | Bedroom 2 | 3.97 m | 3.64 m | 3.97 m x 3.64 m |
| Ground Level | Bedroom 3 | 3.21 m | 2.84 m | 3.21 m x 2.84 m |
| Ground Level | Bedroom 4 | 3.89 m | 3.21 m | 3.89 m x 3.21 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 05 2026 06:45:29
Toronto Regional Real Estate Board
Central Home Realty Inc.