Price ChangeFor Sale

206 Parkview Crescent
Newmarket, York, ON, L3Y 2C8

Detached
TRREB
MLS® Number: N13497606
Estimated Value
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$1,258,000List Price
4+4Bedrooms
4Bathrooms
0Garages
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$1,258,000
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Current valuation for 206 Parkview Crescent, Newmarket, ON L3Y 2C8. Listed for $1,258,000 on 2026-11-02

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Description

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.

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Summary

Tax:$6,206 / 2025
Listing #:N13497606
Property Type:Detached, Bungalow
Size:1500-2000 feet²
Land Size:60 x 121 | < .50 acres
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:CENTRAL HOME REALTY INC.

Rooms

Details

Property

Property Type:Detached
Style:Bungalow
Community:Central Newmarket
Municipality:York

Building

Size:1500-2000 feet²
Construction:Stucco (Plaster)

Inside

Bedrooms:4+4
Bedrooms Above Grade:4
Bathrooms:4
Bathrooms Detail:2, 3pc Ground floor
Bathrooms Detail:2, 3pc Basement floor
Kitchens:3
Family Room:Yes
Appliances Included:Other
Basement:Apartment

Parking

Driveway:Front Yard Parking
Garage Type:None
Garage Spaces:0
Total Parking Spaces:4

Utilities

Cooling:Central Air
Heating Type:Forced Air
Heating Fuel:Gas
Utility Sewer:Sewer

Land

Cross Street:Yonge St. & Davis Dr.

$1,258,000

List price

206 Parkview Crescent, Newmarket – 4+4 bed Detached for sale · MLS® # N13497606