206 Parkview Crescent Newmarket, Ontario L3Y 2C8
$1,698,000
RARE TRIPLE-INCOME ASSET | $10,000/MO GROSS | LEGALIZATION IN PROGRESSF Rare opportunity to acquire a high-yield detached residence in Newmarket's prime Yonge & Davis corridor. This turnkey business generates $120,000 gross annual income from 3 self-contained units with separate entrances. Crucially, legalization for the two basement units is currently underway, bridging the gap between "unauthorized" and "fully bankable" income-ideal for taking advantage of the stable 2026 interest rate environment. THE PROPERTY has 8 Bedrooms + 3 Kitchens: Fully renovated detached bungalow with 4 spacious bedrooms on the main level. Premium Ravine Lot: Generous 60x121 ft lot backing onto a ravine-ideal for long-term land appreciation. Flexibility: Existing professional tenants can stay for immediate cash flow or leave for owner-occupancy. Mature lot features an in-ground pool (as-is) and direct ravine access. Strategically located minutes from Upper Canada Mall, transit, and top-tier schools. ACQUISITION OPTIONS: Available as a 100% Fee Simple acquisition or a unique 50% Partial Interest (Co-Ownership) for strategic partners seeking a profit-share arrangement. (id:61852)
Property Details
| MLS® Number | N13085674 |
| Property Type | Single Family |
| Community Name | Central Newmarket |
| ParkingSpaceTotal | 4 |
| PoolType | Inground Pool |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 4 |
| BedroomsBelowGround | 4 |
| BedroomsTotal | 8 |
| Appliances | Water Meter, Dryer, Oven, Two Washers, Refrigerator |
| ArchitecturalStyle | Bungalow |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Stucco |
| FireplacePresent | Yes |
| FlooringType | Hardwood, Laminate |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 121 Ft |
| SizeFrontage | 60 Ft |
| SizeIrregular | 60 X 121 Ft |
| SizeTotalText | 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 |
Interested?
Contact us for more information
Syrus Farzami
Broker
30 Fulton Way Unit 8 Ste 100
Richmond Hill, Ontario L4B 1E6
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May 09 2026 03:07:38
Toronto Real Estate Board
Central Home Realty Inc.