Home · Buy · Newmarket · 48 Prospect Street A&B, Newmarket, ON L3Y 3S9

For Sale · Industrial

48 Prospect Street A&B, Newmarket, ON L3Y 3S9

Newmarket · Central Newmarket

Lane garage

Beds

—

Baths

Parking

10434 sq ft

Sq ft

—

Built

The honest picture

List price

$2,690,000

Renavu Estimate

—

Benchmark · All homes

$725,500

Listed 271% above the Central Newmarket benchmark for all homes homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.

About this home

This exceptional 10434 sq. ft. offers a rare blend of functionality, flexibility, and efficiency-ideal for a wide range of industrial users. Featuring 18-foot clear ceiling height, the unit provides ample vertical capacity for racking, equipment, or storage. Updated electrical service supports light to medium industrial operations, while two drive-in shipping doors ensure seamless logistics and operational flow.A dedicated office area allows for administrative use and client interaction, with clear separation from the warehouse floor. The layout is open and adaptable, suitable for manufacturing, warehousing, assembly, and distribution.An additional residential component above the office offers flexible use as either office space or living quarters.Full list of permitted uses available, there is also a residential component above office that can be used as additional office as well as residential. phase 1 and 2 have been completed and its clean for Mortgage. Seller may entertain VTB. Floor plan is attached. Apx 8 parking space in the back. Playground. Potential CMHC rental development

Property details

Listed on

March 31, 2026

Days on market

115 days

Property tax

$17,204 (2026)

Lot

66 × 148 Feet

Cooling

MLS®

N12941634

Full details

Parking

GarageLane

Property & sold history

🔒

See this home's sale & listing history

Historical sold prices are protected under TRREB rules — sign in to unlock (rolling out with our VOW access). No spam, ever.

Run the numbers

True cost to close

What you actually need in cash — land transfer tax, closing costs, and your down payment.

Purchase price

Down payment · 20.0%

Down:or type any amount above

Homes over $1.5M require a minimum 20% down payment.

Property is in the City of TorontoFirst-time buyer

Legal fees

Title insurance

Home inspection

Ontario land transfer tax$53,725

Legal · title · inspection$2,800

Closing costs$56,525

Down payment$538,000

Total cash to close$594,525

Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.