206 Parkview Crescent Newmarket, Ontario L3Y 2C8
$999,900
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. (id:66349)
Property Details
| MLS® Number | N13497606 |
| 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 |
| 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
Syrus Farzami
Broker
www.homesalestoronto.ca/
30 Fulton Way Unit 8 Ste 100
Richmond Hill, Ontario L4B 1E6
(416) 500-5888
(416) 238-4386
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®)
June 27 2026 04:40:03
Toronto Regional Real Estate Board
Central Home Realty Inc.