206 Parkview Crescent
Newmarket (Central Newmarket), Ontario L3Y2C8
MLS # N13497606
Property Details
Type
Detached
Beds
8
Baths
4
Status
For Sale
More homes like this
About this property
THE ULTIMATE WEALTH-GENERATING ASSET IN CENTRAL NEWMARKET100% FULL VACANT POSSESSION ON CLOSINGWelcome to a premium house and a great asset in Newmarket's prime Yonge & Davis corridor. The property generates about $90,000 rental income annually. Whether you are an institutional investor adding a high-yield vehicle to your portfolio, or a smart homeowner looking to completely eliminate your housing costs via "house-hacking," this property stands entirely in a league of its own.THE LAND VALUE: Sprawling across an oversized, mature 60 ft x 121 ft premium lot, the property backs onto a tranquil ravine. Real estate is about location and land-and a 60-foot ravine lot in the heart of York Region offers massive future appreciation and development protection.THE CONFIGURATION:Main Level: Bright, spacious, updated 4-bedroom layout featuring principal rooms and large windows with the views of the ravine.Lower Level: Two separate, fully self-contained rental suites. Bright, comfortable, and designed to minimize turnover.THE FINANCIAL METRICS: Currently operating at a gross annual yield of approx. $90,000 across three tenancies. For an end-user, this income is large enough to offset your mortgage qualifications, effectively allowing you to occupy a premium detached ravine home in Newmarket completely free while your tenants pay down your principal.THE LOCATION: Unbeatable transit and commercial footprint. Walk to Upper Canada Mall, immediate access to the Yonge St & Davis Dr transit corridors, minutes to the Newmarket GO Station, Southlake Health Centre, major stores, plazas, supermarkets and top-tier neighborhood schools.CHOOSE YOUR CLOSING: The seller offers ultimate contractual flexibility to suit your profile. Retain the outstanding, low-maintenance good tenants for an uninterrupted stream of revenue from day one, OR receive contractually guaranteed 100% full vacant possession on closing to choose your own market rents or move your extended family right in.
Mortgage Estimate
Estimated monthly payment
Calculating…
Estimate only. Taxes, insurance, condo fees, and lender terms are not included.
Monthly costs to verify
Property taxes: about $517/month based on listed annual taxes.
Estimate only. Confirm taxes, condo/maintenance fees, insurance, utilities, and lender terms before making decisions.
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Living room | Ground level | 6.67 x 6.06 |
| Dining room | Ground level | 3.17 x 3.21 |
| Kitchen | Basement | 3.41 x 1.96 |
| Bedroom | Basement | 4.23 x 3.02 |
| Bedroom 2 | Basement | 5.83 x 3.1 |
| Bedroom 3 | Basement | 4.47 x 2.56 |
| Bedroom 4 | Basement | 5.66 x 2.69 |
| Family room | Ground level | 4.28 x 3.84 |
| Kitchen | Ground level | 4.67 x 3.18 |
| Primary Bedroom | Ground level | 5.33 x 3.46 |
| Bedroom 2 | Ground level | 3.97 x 3.64 |
| Bedroom 3 | Ground level | 3.21 x 2.84 |
| Bedroom 4 | Ground level | 3.89 x 3.21 |
| Family room | Basement | 3.74 x 3.32 |
| Living room | Basement | 6.84 x 3.29 |
Facts & Location
Parking
4 spaces
Lot Size
60 x 121 FT
Annual Taxes
$6,206
Listing data
Listing information is provided for personal, non-commercial use and should be independently verified before making real estate decisions.
Last refreshed: Aug 27, 2026 3:01 AM
Explore nearby searches
SEO-friendly searches for this area, property type, and nearby neighbourhoods.
Similar Properties
More nearby listings that may fit the same search.
$928,000
292 Sheridan Court
Newmarket (Gorham-College Manor) · MLS # N13497022
5 bed · 4 bath
$1,680,000
1168 McTavish Drive
Newmarket (Stonehaven-Wyndham) · MLS # N13497026
6 bed · 5 bath · 3,000 sq ft
$518,888
272 Jeff Smith Court
Newmarket (Gorham-College Manor) · MLS # N13176798
2 bed · 1 bath