Tom Linkletter

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206 PARKVIEW CRESCENT, Newmarket, Ontario

$1,399,000

8 Beds
4 Baths

THE ULTIMATE PEACE OF MIND: RARE TRIPLE-INCOME ASSET | $100,000/ YEARLY GROSS | LEGALIZATION OF TWO BASEMENT UNITS 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 $100,000 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: 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. (id:23309)

Listing ID: N13145452
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Kitchen	Basement	3.41 m x 1.96 m
Bedroom	Basement	4.23 m x 3.02 m
Bedroom 2	Basement	5.83 m x 3.1 m
Bedroom 3	Basement	4.47 m x 2.56 m
Bedroom 4	Basement	5.66 m x 2.69 m
Family room	Basement	3.74 m x 3.32 m
Living room	Basement	6.84 m x 3.29 m
Living room	Ground level	6.67 m x 6.06 m
Dining room	Ground level	3.21 m x 3.17 m
Family room	Ground level	4.28 m x 3.84 m
Kitchen	Ground level	4.67 m x 3.18 m
Primary Bedroom	Ground level	5.33 m x 3.46 m
Bedroom 2	Ground level	3.97 m x 3.64 m
Bedroom 3	Ground level	3.21 m x 2.84 m
Bedroom 4	Ground level	3.89 m x 3.21 m

Details

Architectural Style: Bungalow
Ownership: Freehold
Parking Spaces: 4
Pool: Inground pool
Transaction: For sale

Building

Appliances: Dryer, Oven, Two Washers, Refrigerator
Architectural Style: Bungalow
BasementType: N/A
Basement Features: Apartment in basement
Bedrooms Main Level: 4
Bedrooms Lower Level: 4
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Stucco
Fireplace Present: True
Flooring: Hardwood, Laminate
Foundation: Block
Bathrooms (Total): 4
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1500 - 2000 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 60 ft
Size Irregular: 60 x 121 FT

Listing provided by CENTRAL HOME REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 206 PARKVIEW CRESCENT in Newmarket Ontario. It was last modified on May 19th, 2026. Contact Tom Linkletter to schedule a viewing or to discover other Newmarket homes for sale.

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