206 Parkview Crescent, Newmarket, ON L3Y 2C8
Newmarket
THE ULTIMATE PEACE OF MIND: RARE TRIPLE-INCOME ASSET | $10,000/MO GROSS | LEGALIZATION IN PROGRESSF. The Seller provides an Unconditional Guarantee to deliver the property with Two Fully Legalized Basement Suites upon closing. 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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 206 Parkview Crescent, Newmarket, ON L3Y 2C8
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# N13085674
Listed by CENTRAL HOME REALTY INC.
On market since May 5, 2026
206 Parkview Crescent, Newmarket, ON L3Y 2C8 is listed for $1,698,000 CAD.
206 Parkview Crescent, Newmarket, ON L3Y 2C8 has 8 bedrooms and 4 bathrooms.
206 Parkview Crescent, Newmarket, ON L3Y 2C8 is a Detached.
206 Parkview Crescent, Newmarket, ON L3Y 2C8 is in Newmarket, Ontario.
206 Parkview Crescent, Newmarket, ON L3Y 2C8 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 206 Parkview Crescent, Newmarket, ON L3Y 2C8 (MLS# N13085674). You can also send a message through the contact form on this site.
