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206 PARKVIEW CRESCENT, Newmarket (Central Newmarket)
2026-06-28
Quick Summary
- Location
- 206 PARKVIEW CRESCENT, Newmarket (Central Newmarket), Ontario L3Y2C8
- Price
- $999,900
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 1500 - 2000 sqft
- Bedrooms:
- 4 bed +4
- Bathrooms:
- 4
- Garages:
- 4
MLS®#N13497606
Property 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. (id:32467)
Property Features
Building
- Appliances: Water meter
- Architectural Style: Bungalow
- Basement Features: Apartment in basement
- Basement Type: N/A
- Construction Style: Detached
- Cooling Type: Central air conditioning
- Exterior Finish: Stucco
- Fireplace: Yes
- Flooring Type: Hardwood, Laminate
- Interior Size: 1500 - 2000 sqft
- Building Type: House
- Stories: 1
- Utility Water: Municipal water
Land
- Land Size: 60 x 121 FT|under 1/2 acre
- Sewer: Sanitary sewer
Ownership
- Type: Freehold
Information entered by CENTRAL HOME REALTY INC.
Listing information last updated on: 2026-06-27 16:40:03
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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