206 Parkview Crescent

206 Parkview Crescent, Newmarket, ON L3Y 2C8
2 Days Back Posted
Sell

$1,698,000

Overview

Type:

Detached

Area:

1500-2000 sq ft (Living Area)

Beds:

8 Bedrooms

Baths:

4 Bathrooms

Furnished:

No

Parking:

None

PREMIER REVENUE ASSET - 100% OR 50% EQUITY STAKE AVAILABLE - $120K GROSS/YR Investment Opportunity: Rarely does an asset of this caliber reach the market. Strategically positioned in the Yonge & Davis corridor of Newmarket, this detached residence is a turn-key, high-yield business producing around $10,000/month in gross rental income. Fully Renovated Detached Bungalow- Turnkey Investment opportunity! This beautifully upgraded home is a rare find offering 3 self-contained units with 3 separate entrances. Two basement units are in the process of legalization. ideal for investors or multi-generational families! Situated on a generous 60x121 ft lot, backing onto a Ravine. The property is tenanted and offers immediate cash flow with significant long-term land appreciation. The tenants can stay or go. The main level features 4 spacious bedrooms, a bright living room with large picture windows, and a stunning family room with skylight that fills the space with natural light. The basement offers 2 separate units, each with 2 bedrooms and private entrances- perfect for strong rental income. The Property has 8 Bedrooms + 3 Kitchens. Mature lot with in-ground pool and direct ravine access. Ideal for future "Missing Middle" development or a luxury custom rebuild. Flexible Acquisition Structures: The Seller is offering two distinct exit strategies to accommodate different investor profiles: 100% Fee Simple Acquisition: Full ownership of the land and income stream. 50% Partial Interest (Co-Ownership): Purchase a 50% equity stake in the property. Ideal for investors seeking a "Profit Share" arrangement. Terms of the Joint Venture/Co-ownership Agreement are available upon request. Financial Highlights: Annual Gross Income: $120,000 Pro-Forma Cap Rate: ~5.1%. Property located just minutes walk to Yonge Street, Davis Drive, and Upper Canada Mall, with easy access to transit, schools, parks, and shopping. This is more than a home

Property Units

8 Bedrooms

1 Unit
  • $1,698,000 4 Baths 1500-2000 sq ft (Living Area) May 4th 2026

Property Details

  • Property Type: Residential Freehold
  • Property Sub Type: Detached
  • Lease Terms: N/A
  • Parking Spots: 4
  • Short Term: No
  • Furnished: No
  • Year Built: N/A
  • # of Floors: N/A
  • # of units: 1
  • MLS: N13085674

Features

Other
Front Yard Parking
Inground

Nearby Amenities

  • Schools
  • Bus Stations
  • Restaurants
  • Pharmacies
  • Gyms
  • Supermarkets
  • Hospitals
  • Parks
  • Cafes
  • Convenience Stores
  • Gas Stations
  • Laundromats
  • Bars
  • Banks

May lee

Sales Representative At Right At Home Realty

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