8 Bedroom
4 Bathroom
1,500 - 2,000 sqft
Bungalow
Fireplace
Inground Pool
Central Air Conditioning
Forced Air
$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:50787)
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
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 |
https://www.realtor.ca/real-estate/29962725/206-parkview-crescent-newmarket-central-newmarket-central-newmarket
