For Sale: 206 Parkview Crescent, Newmarket, ON - REW
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$1,389,000
4 + 4 bd • 4 ba • 1500 - 2000 sf • House
206 Parkview Crescent
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$1,389,000
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206 Parkview CrescentNewmarket, ON, L3Y 2C8

Central Newmarket
  • 4 + 4 Bed
  • 4 Bath
  • 1500 - 2000 Sqft
  • House

About this home

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.
Listed by: Syrus Farzami, Broker, CENTRAL HOME REALTY INC.

Home facts and features

Price details
List Price
$1,389,000
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Gross Taxes for 2025
$6,206
Home facts
Bedrooms
4 + 4
Full Bathrooms
4
Parking Spaces
4
Parking Details
Front Yard Parking
Property Type
House
Lot Size
60 ft x 121 ft (7260 ft²)
Depth
121.0
Frontage
60.0
Exterior Finish
Stucco (Plaster)
Heating Type
Forced Air, Gas
Cooling
Central Air
Pool
Inground
Basement Details
Apartment
Community
Agent details
Primary Agent
Primary Broker
CENTRAL HOME REALTY INC.
Listing details
Days on REW
31 Days
MLS® Number
N13497606
Source
Toronto Real Estate Board
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Property Insights

J L R Bell Public School
  • Public
  • JK - 5
Stuart Scott Public School
  • Public
  • JK - 8
Roger White Academy
  • Private
  • K - 8
Maple Leaf Public School
  • Public
  • JK - 8
York Academy Rose of Sharon High School
  • Catholic
  • 9 - 12
Rogers Public School
  • Public
  • JK - 8
Canadian Martyrs Catholic Elementary School
  • Catholic
  • JK - 8
St Paul Catholic Elementary School
  • Catholic
  • JK - 8
Pickering College
  • Private
  • JK - 12
Prince Charles Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
Syrus Farzami
Phone:
(416) 500-5888
Office:
416-500-5888
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