Shawn Priestman
Sales Representative
206 Parkview Crescent, Central Newmarket
Price
$1,590,000
Bedrooms
4 Beds
Bathrooms
4 Baths
Size
1500-2000 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$6206
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.
Property Dimensions
2
15
235 sq ft
16 sq ft
Room Features
Laminate
Room Features
Laminate
Room Features
Laminate
Room Features
Laminate
Room Features
Laminate
Room Features
Laminate
Room Features
Laminate
Room Features
large window, hardwood floor
Room Features
Hardwood Floor
Room Features
Hardwood Floor
Room Features
large closet, hardwood floor
Room Features
Hardwood Floor
Room Features
Hardwood Floor
Room Features
Hardwood Floor
Room Features
Hardwood Floor
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Total Monthly Payment
$6,230 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,272,000
Total Interest Payments
$784,266
Total Payment (Principal + Interest)
$2,056,266
Get An Estimate On Selling Your House
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
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Meet Shawn
If you are planning to buy or sell a home, you want the process to go successfully. If you are selling, success means getting your property sold quickly and for the highest price possible. If you are buying, it means finding your next dream home and getting into it, affordably. On top of that, if you are like most of my satisfied customers, you also want everything to go smoothly, with as little stress as possible. How can you ensure all that happens? By working with a real estate agent who truly puts you first. I am proud to be the real estate agent of choice for those who want a great experience buying or selling a home. My “clients-first” approach means that you will be working with a professional who listens to you, provides expert advice, and works hard on your behalf.