66 Prospect Street
Newmarket (Central Newmarket), ON L3Y 3S9
- 6Bedrooms
- 5Bathrooms
- 8Parking
- 3500–5000Sq Ft
- $13,000Tax
- 70×147 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 66 Prospect Street, Newmarket, Central Newmarket
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 66 Prospect Street, Newmarket, Central Newmarket
Summarized Description
- Unique legal triplex with additional bungalow.
- Versatile mix of commercial and residential units.
- Potential rental income of $108,000 annually.
- Located near public transit and downtown amenities.
- Surrounded by ongoing neighbourhood redevelopment.
- Immediate income potential with leasing opportunities.
- Exciting long-term investment possibilities.
Exceptional Investment Opportunity in the Heart of Newmarket with Future Development Potential! Rare opportunity to acquire a unique income-producing property comprising a legal triplex at 64-66 Prospect Street together with a charming detached 2-bedroom bungalow at the rear, municipally known as 567 Granby Place, all included in the purchase price. The main building features three units, including commercial office space on the ground floor and two residential apartments above, offering a versatile mix of commercial and residential income streams. With two units currently occupied and two vacant, investors can benefit from existing rental income while taking advantage of immediate leasing opportunities, with a combined potential rental income of approximately $9,000 per month ($108,000 annually), subject to market conditions. Ideally positioned just steps from Southlake Health (formerly Southlake Regional Health Centre), historic Downtown Newmarket, Main Street's vibrant shops and restaurants, public transit, and the GO Train. Surrounded by ongoing neighbourhood growth and redevelopment activity, this property presents exciting long-term possibilities for investors, developers, and those seeking to expand their real estate portfolios. Multiple income streams offer diversification and attractive investment flexibility. Enjoy the benefits of immediate income potential, a highly desirable central location, and possible future redevelopment or intensification opportunities, subject to municipal approvals and buyer's independent due diligence. A rare opportunity to invest today while positioning yourself for tomorrow's growth!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $13,000
- Land Transfer Tax Fee
- $32,475
Rental Items
- Rental Equipment
- Hot water tank
- Basement Type
- Separate Entrance
Interior Features
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2 1/2 Storey
Construction
- Exterior Finish
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete Block
- Special Designation
- Unknown
Lot
- Lot Front
- 70.00 ft
- Lot Depth
- 147.00 ft
Inclusions
- Inclusions
- all existing appliances 4 fridge, 4 stove, 2 B/I dishwashers, 4 washer and 4 Dryer. all existing window coverings and light fixtures.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 8
- Total Garage And Parking Spaces
- 8
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Wall Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 6
- Washrooms
- 5
- Kitchens
- 4
Washrooms
- 4-piece, Second
- 4-piece, Flat
- 2-piece, Flat
- 4-piece, Flat
- Municipality
- Newmarket
- Neighbourhood
- Central Newmarket
- Main cross streets
- Prospect & Davis
- Directions
- Prospect & Davis
- MLS® number
- N13882840
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-10-08
- Updated on
- 2026-10-09
- Days on market
- 7 days
- Possession type
- Flexible
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- REMAX YOUR COMMUNITY REALTY
Home Market Value
Current home valuation for 66 Prospect Street, Newmarket, Central Newmarket, Newmarket, ON. Listed for $1,800,000
HOMEH Estimate
—
Estimated Sales Range
—
HOMEH Estimate for 66 Prospect Street, Newmarket, Central Newmarket
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
Mortgage Payment Calculator
Compare up to 4 down payment scenarios
20% required for homes $1.5M or more
$360,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $1,440,000 | $1,350,000 | $1,260,000 | $1,170,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $7,031monthly | $6,591monthly | $6,152monthly | $5,713monthly |
Land Transfer Tax
$32,475
$32,475
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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