Property Information:

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:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Basement Type: N/A
Construction Style - Attachment: Detached
Exterior Finish: Stucco
Fireplace: Yes
Floor Space: 1500 - 2000 sqft
Flooring Type: Hardwood, Laminate
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Water meter

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4+4
Bathrooms: 4
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 121 Feet
Lot Frontage: 60 Feet
Lot Size: 60 x 121 FT
Pool Type: Inground pool
Utility Type: Sewer - Installed, Cable - Installed, Hydro - Installed
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Rooms:

Kitchen Basement Level 3.41 m x 1.96 m
Bedroom Basement Level 4.23 m x 3.02 m
2nd Bedroom Basement Level 5.83 m x 3.10 m
3rd Bedroom Basement Level 4.47 m x 2.56 m
4th Bedroom Basement Level 5.66 m x 2.69 m
Family Basement Level 3.74 m x 3.32 m
Living Basement Level 6.84 m x 3.29 m
Living Ground Level 6.67 m x 6.06 m
Dining Ground Level 3.17 m x 3.21 m
Family Ground Level 4.28 m x 3.84 m
Kitchen Ground Level 4.67 m x 3.18 m
Primary Bedroom Ground Level 5.33 m x 3.46 m
2nd Bedroom Ground Level 3.97 m x 3.64 m
3rd Bedroom Ground Level 3.21 m x 2.84 m
4th Bedroom Ground Level 3.89 m x 3.21 m

Convert Measurement to:

Courtesy of: CENTRAL HOME REALTY INC.

More Detail

Less Detail

Demographic Information of 206 PARKVIEW CRESCENT, Newmarket, Ontario, L3Y 2C8

Life Stage

Middle-Aged with Teens

Employment Type

Mixed

Average Household Income

$130,599.59

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.89 %

High school certificate or equivalent

32.24 %

Apprenticeship trade certificate/diploma

5.04 %

College/non-university certificate

20.64 %

University certificate (below bachelor)

3.07 %

University Degree

28.12 %

Commuter

Travel To Work

By Car

85.46 %

By Public Transit

5.75 %

By Walking

5.2 %

By Bicycle

0.0 %

By Other Methods

3.59 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

37.48 %

Houses

62.52 %

206 PARKVIEW CRESCENT, Newmarket, Ontario, L3Y 2C8