206 PARKVIEW CRESCENT, Newmarket, Ontario, L3Y 2C8

$1,389,000

MLS® # N13497606

House For Sale In Newmarket, Ontario

$1,389,000

  • 8

    Bedrooms

  • 4

    Baths

  • 60 x 121 FT

    Lot Size

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

Courtesy of: CENTRAL HOME REALTY INC.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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