+ 24 photos206 Parkview Crescent, Newmarket, ON L3Y 2C8
About this home
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.
Property details
Full details
Room dimensions
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living Room | Ground | 6.67 × 6.06 | Large Window, Hardwood Floor |
| Dining Room | Ground | 3.17 × 3.21 | Hardwood Floor |
| Family Room | Ground | 4.28 × 3.84 | Hardwood Floor |
| Kitchen | Ground | 4.67 × 3.18 | Hardwood Floor |
| Primary Bedroom | Ground | 5.33 × 3.46 | Large Closet, Hardwood Floor |
| Bedroom 2 | Ground | 3.97 × 3.64 | Hardwood Floor |
| Bedroom 3 | Ground | 3.21 × 2.84 | Hardwood Floor |
| Bedroom 4 | Ground | 3.89 × 3.21 | Hardwood Floor |
| Family Room | Basement | 3.74 × 3.32 | Laminate |
| Living Room | Basement | 6.84 × 3.29 | Laminate |
| Kitchen | Basement | 3.41 × 1.96 | Laminate |
| Bedroom | Basement | 4.23 × 3.02 | Laminate |
| Bedroom 2 | Basement | 5.83 × 3.1 | Laminate |
| Bedroom 3 | Basement | 4.47 × 2.56 | Laminate |
| Bedroom 4 | Basement | 5.66 × 2.69 | Laminate |
Property & sold history
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