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
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MLS# N13085674
Listed by CENTRAL HOME REALTY INC.
On market since May 5, 2026
What comparable homes actually sold for in the last 12 months.
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 at +1 (416) 716-4439 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.
