206 Parkview Crescent, Newmarket, ON L3Y 2C8
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.
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# N13497606
Listed by CENTRAL HOME REALTY INC.
On market since Jun 27, 2026
206 Parkview Crescent, Newmarket, ON L3Y 2C8 is listed for $1,389,000 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 Alex Morgan at +16471112222 to arrange a private showing of 206 Parkview Crescent, Newmarket, ON L3Y 2C8 (MLS# N13497606). You can also send a message through the contact form on this site.
