37 NEWBURY DRIVE, Newmarket, Ontario
$719,000
- 5 Beds
- 2 Baths
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 (id:23309)
- Listing ID: N13170426
- Property Type: Single Family
Schedule a Tour
Schedule Private Tour
Tom Linkletter would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Tom Linkletter, who specializes in Newmarket real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Tom Linkletter find a property to match your lifestyle.
Listing provided by SUTTON GROUP-ADMIRAL 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 37 NEWBURY DRIVE in Newmarket Ontario. It was last modified on May 25th, 2026. Contact Tom Linkletter to schedule a viewing or to discover other Newmarket homes for sale.