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Active

MLS® N13085674

206 Parkview Cres

Name: HouseIndex
Address: 100 King Street West, Toronto, ON, M5X 1A9, CA
Telephone: +1-647-849-9977
Price range: Free

Newmarket, ON L3Y 2C8

$1,698,000

Bedrooms

Bathrooms

Size

1500-2000 sqft

Type

Bungalow

Parking

4 spaces

Taxes (2025)

$6,206

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Description

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.

Price & Status History

Price history is locked

Property Details

Property TypeDetached

StyleBungalow

CommunityCentral Newmarket

Rooms8+8

Kitchens3

Washrooms4

Square Feet1500-2000 sqft

Lot Size7,264 sq ft

Lot Dimensions60 × 121 ft

Lot Size Area7,264 sqft (MPAC)

Fronting OnSouth

Dir/Cross StYonge & Davis

Garage TypeNone

DriveFront Yard Parking

Parking Drive Spaces4

Total Parking Spaces4

ExteriorStucco (Plaster)

RoofAsphalt Shingle

FoundationConcrete Block

BasementApartment

Fireplace FeaturesYes

Heating TypeForced Air

Heating SourceGas

A/CCentral Air

SewersSewer

PoolInground

Taxes (2025)$6,206

HSTIncluded In

Listed Date5/5/2026

Days on Market15 days

PossessionTBA

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RE/MAX Realtron Realty Inc., Brokerage

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Listing Courtesy of:

CENTRAL HOME REALTY INC.

This listing is provided through the TRREB MLS® System.

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MLS® #N13085674

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MLS® Data Disclaimer: The listing data provided is courtesy of the Toronto Regional Real Estate Board (TRREB) and its members. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by TRREB. MLS® and the associated logos are trademarks of The Canadian Real Estate Association (CREA) and identify the quality of services provided by members of CREA. REALTOR® is a trademark of REALTOR® Canada Inc., a corporation owned by CREA and the National Association of REALTORS®.

Data Accuracy: While every effort has been made to ensure the accuracy of the information, HouseIndex.ca makes no warranties or representations as to the accuracy, completeness, or reliability of this data. All information should be independently verified. Last updated data may not reflect the most current MLS® listings.