$1,258,000
206 Parkview Crescent, Newmarket, ON L3Y 2C8 · Central Newmarket
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.
Property type
Detached
Style
Bungalow
Lot size
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60 × 121 Feet
Property taxes
$6,206 (2025)
Community
Central Newmarket
City
Newmarket
Postal code
L3Y 2C8
MLS® N13497606 · Listed by CENTRAL HOME REALTY INC. · Data source TRREB
Bedrooms
8
Bathrooms
4
Kitchens
3
Rooms above grade
8
Rooms below grade
8
Heating
Forced Air
Heat source
Gas
Cooling
Central Air
Basement
Apartment
Fireplace
Yes
Size
1500-2000 sqft
Features · Other
Basement
Ground
Construction
Stucco (Plaster)
Foundation
Concrete Block
Pool
Inground
Garage
None
Garage spaces
0
Total parking
4
Sewer
Sewer
Seeded with this listing's asking price. Change anything — your figures are kept on this device and only for this property.
Monthly payment
$5,710.87
An estimate from published rules, not advice or an approval. Figures current as of 2026-08-16.
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MLS® N13497606 · last updated Jul 30, 2026
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