206 Parkview Crescent
Newmarket (Central Newmarket)206 Parkview Crescent
Newmarket (Central Newmarket)
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206 Parkview Crescent, Newmarket
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.
Facts & features
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Rooms
15 rooms · 4 bathrooms
- Dining room10′5″ × 10′6″110 sq.ft.
- Kitchen15′4″ × 10′5″160 sq.ft.
- Family room14′1″ × 12′7″177 sq.ft.
- Primary bedroom17′6″ × 11′4″199 sq.ft.
- Living room21′11″ × 19′11″435 sq.ft.
- Bedroom 213′ × 11′11″156 sq.ft.
- Bedroom 412′9″ × 10′6″134 sq.ft.
- Bedroom 310′6″ × 9′4″98 sq.ft.
- Family room12′3″ × 10′11″134 sq.ft.
- Bedroom 418′7″ × 8′10″164 sq.ft.
- Living room22′5″ × 10′10″242 sq.ft.
- Bedroom 314′8″ × 8′5″123 sq.ft.
- Bedroom 219′2″ × 10′2″195 sq.ft.
- Bedroom13′11″ × 9′11″138 sq.ft.
- Kitchen11′2″ × 6′5″72 sq.ft.
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