For Sale: 66 Prospect Street, Newmarket, ON - REW
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$1,800,000
6 bd • 5 ba • 3500 - 5000 sf • House
66 Prospect Street
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$1,800,000
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66 Prospect StreetNewmarket, ON, L3Y 3S9

Gorham-College Manor
  • 6 Bed
  • 5 Bath
  • 3500 - 5000 Sqft
  • House

About this home

Exceptional Investment Opportunity in the Heart of Newmarket with Future Development Potential! Rare opportunity to acquire a unique income-producing property comprising a legal triplex at 64-66 Prospect Street together with a charming detached 2-bedroom bungalow at the rear, municipally known as 567 Granby Place, all included in the purchase price. The main building features three units, including commercial office space on the ground floor and two residential apartments above, offering a versatile mix of commercial and residential income streams. With two units currently occupied and two vacant, investors can benefit from existing rental income while taking advantage of immediate leasing opportunities, with a combined potential rental income of approximately $9,000 per month ($108,000 annually), subject to market conditions. Ideally positioned just steps from Southlake Health (formerly Southlake Regional Health Centre) , historic Downtown Newmarket, Main Street's vibrant shops and restaurants, public transit, and the GO Train. Surrounded by ongoing neighbourhood growth and redevelopment activity, this property presents exciting long-term possibilities for investors, developers, and those seeking to expand their real estate portfolios. Multiple income streams offer diversification and attractive investment flexibility. Enjoy the benefits of immediate income potential, a highly desirable central location, and possible future redevelopment or intensification opportunities, subject to municipal approvals and buyer's independent due diligence. A rare opportunity to invest today while positioning yourself for tomorrow's growth!
Listed by: Sergio Khadem, Salesperson, REMAX YOUR COMMUNITY REALTY

Home facts and features

Price details
List Price
$1,800,000
Get Pre-Approved
Gross Taxes for 2026
$13,000
Home facts
Bedrooms
6
Full Bathrooms
5
Parking Spaces
8
Parking Details
Private
Property Type
House
Lot Size
70 ft x 147 ft (10290 ft²)
Depth
147.0
Frontage
70.0
Exterior Finish
Aluminum Siding
Heating Type
Forced Air, Gas
Cooling
Wall Unit(s)
Basement Details
Separate Entrance
Community
Agent details
Primary Agent
Sergio Khadem
Primary Broker
REMAX YOUR COMMUNITY REALTY
Listing details
Days on REW
1 Day
MLS® Number
N13882840
Source
Toronto Real Estate Board
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Purchase Price
Mortgage Total
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Prince Charles Public School
  • Public
  • JK - 8
Roger White Academy
  • Private
  • K - 8
Huron Heights School
  • Public
  • 9 - 12
Stuart Scott Public School
  • Public
  • JK - 8
Mazo De La Roche Public School
  • Public
  • 1 - 8
York Academy Rose of Sharon High School
  • Catholic
  • 9 - 12
Pickering College
  • Private
  • JK - 12
Meadowbrook Public School
  • Public
  • JK - 8
Maple Leaf Public School
  • Public
  • JK - 8
Sacred Heart Catholic High School
  • Catholic
  • 9 - 12
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
Salesperson
Sergio Khadem
Phone:
(905) 731-2000
Office:
905-731-2000
Fax:
905-886-7556
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