No photos available
$774,000
37 Newbury Dr
Newmarket, ON L3Y 4P9
37 Newbury Dr, Newmarket — Listed at $774,000. 5 bedroom, 2 bathroom Bungalow-Raised Semi-Detached. MLS® N13110826.
Description
Skip the major renos, permits, and tenant search! This is a turnkey legal 2-unit property (listed on the Town of Newmarket's registry) in a mature, transit-friendly neighbourhood. Upper unit consist of 3 bedrooms and 1 bath, lower unit, 2 bedrooms and 1 bath- both units were beautifully renovated in 2021 with modern finishes and highly functional layouts! The property is currently leased as a single unit at a strong market rate, generating nearly $50,000 in Gross Rental Income with an exceptional Net Operating Income (NOI). Occupied by a responsible professional tenant and family that have expressed a strong desire to remain in place, this asset provides a new owner with immediate, built-in income and the future flexibility of its legalized two-unit zoning. This is a fantastic opportunity for an investor seeking an income-producing asset where the updates and legal status are already secured. Newmarket offers a complete lifestyle with access to major amenities, including Upper Canada Mall, Costco, and Southlake Regional Health Centre. The area is well-connected for easy travel throughout the GTA with quick access to Highway 404 and within walking distance to Viva Transit and the GO station, making commuting convenient and reliable.. Pictures were taken prior to the existing tenants. Photos virtually staged.
Property Details
Listing Courtesy of: SUTTON GROUP-ADMIRAL REALTY INC.
MLS® #N13110826
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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HouseIndex Take: 37 Newbury Drive
This semi-detached (Bungalow-Raised) is located in the Bristol-London neighbourhood of Newmarket.
The home offers 5+2 bedrooms, 2 bathrooms.
Features include a apartment, separate entrance basement, 4 parking spaces including a 1-car garage.
Additional details: lot dimensions of 32.5 × 97 feet.
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About Newmarket Real Estate
This Semi-Detached is located in the Bristol-London community in Newmarket. Newmarket is York Region's northern anchor, offering an award-winning historic Main Street, the Upper Canada Mall, and strong community amenities. The East Gwillimbury GO station expansion is improving transit access. Buyers find good value in newer subdivisions while the downtown core retains small-town charm with restaurants and boutiques. Semi-detached homes in Newmarket provide freehold ownership at a more accessible price point, appealing to first-time buyers and young families.