$885,000
53 Wilstead Drive, Newmarket, ON L3Y 4T8 · Central Newmarket
Welcome To 53 Wilstead Dr., A Spacious 3+3 Bedroom Detached Bungalow In The Heart Of Newmarket, Offering Incredible Income Potential. Situated On A Large 62' Lot, This Home Features Two Separate Units, Making It Ideal For Multi-Generational Living Or Savvy Investors. The Main Floor Boasts 3 Bright Bedrooms, An Open-Concept Living And Dining Area And A Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove. The Lower Level Offers An Additional 3 Bedrooms, A Full, Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove, And A Common Front Entrance - Perfect For Rental Income Or An In-Law Suite. The Upstairs Unit Has The Potential To Generate Approximately $2,500/Month In Rental Income, While The Basement Unit Could Generate Approximately $2,000/Month, Providing Strong Cash Flow Opportunities For Investors. Located In A Strategic Area Surrounded By Residential, Institutional, And Commercial Uses, This Property Offers Potential Future Redevelopment Opportunities, Subject To Municipal Approvals And Buyer Due Diligence. For Added Value, There Is Also Potential For A Third Income-Generating Suite In The Double Garage, Which Is Separately Heated With A Gas Heater, Features An Approximate 10-Foot Ceiling Height, And Provides An Ideal Space For A Personal Workshop, Studio, Or Additional Workspace, Further Enhancing The Property's Investment Opportunities. Surrounded By Mature Trees And Offering Ample Parking Space, This Property Is Conveniently Located In A Top-Rated High School District, Walking Distance To Upper Canada Mall, Southlake Hospital, Rapid YRT Transit, Schools, GO Transit, And All Major Amenities. Vendor Take Back Financing May Be Available Through The Seller. Don't Miss Out On This Rare Opportunity - Book Your Showing Today!
Property type
Detached
Style
Bungalow
Lot size
61.92 × 112.07 Feet
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Property taxes
$4,966 (2025)
Community
Central Newmarket
City
Newmarket
Postal code
L3Y 4T8
MLS® N13631744 · Listed by CENTURY 21 HERITAGE GROUP LTD. · Data source TRREB
Bedrooms
6
Bathrooms
2
Kitchens
2
Rooms above grade
6
Rooms below grade
5
Heating
Forced Air
Heat source
Gas
Cooling
None
Basement
Apartment
Fireplace
No
Size
700-1100 sqft
Features · Accessory Apartment, In-Law Suite, On Demand Water Heater, Primary Bedroom - Main Floor, Water Heater Owned
Basement
Main
Construction
Brick
Foundation
Block
Exterior features
Porch
Pool
None
Garage
Detached
Garage spaces
2
Total parking
7
Sewer
Sewer
Lot & area
Fenced Yard, Hospital, Library, Public Transit, School, School Bus Route
Seeded with this listing's asking price. Change anything — your figures are kept on this device and only for this property.
Monthly payment
$4,017.59
An estimate from published rules, not advice or an approval. Figures current as of 2026-08-16.
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MLS® N13631744 · last updated Sep 19, 2026
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