206 Parkview Crescent, Newmarket, ON L3Y 2C8
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.
Living Room
Large Window, Hardwood Floor
6.67 x 6.06
Ground
Dining Room
Hardwood Floor
3.17 x 3.21
Ground
Family Room
Hardwood Floor
4.28 x 3.84
Ground
Kitchen
Hardwood Floor
4.67 x 3.18
Ground
Primary Bedroom
Large Closet, Hardwood Floor
5.33 x 3.46
Ground
Bedroom 2
Hardwood Floor
3.97 x 3.64
Ground
Bedroom 3
Hardwood Floor
3.21 x 2.84
Ground
Bedroom 4
Hardwood Floor
3.89 x 3.21
Ground
Family Room
Laminate
3.74 x 3.32
Basement
Living Room
Laminate
6.84 x 3.29
Basement
Kitchen
Laminate
3.41 x 1.96
Basement
Bedroom
Laminate
4.23 x 3.02
Basement
Bedroom 2
Laminate
5.83 x 3.1
Basement
Bedroom 3
Laminate
4.47 x 2.56
Basement
Bedroom 4
Laminate
5.66 x 2.69
Basement
Interior features
Other
Basement
Apartment
Bathrooms
2 × 3-piece — Ground, 2 × 3-piece — Basement
Fireplace
Yes
Family room
Yes
Kitchens
3
Rooms (above / below grade)
8 above, 8 below
Architectural style
Bungalow
Construction materials
Stucco (Plaster)
Foundation
Concrete Block
Roof
Asphalt Shingle
Direction faces
South
Pool
Inground
Garage type
None
Garage spaces
0
Total parking spaces
4
Driveway parking
4
Parking features
Front Yard Parking
Lot size
60 x 121 ft
Lot size area
7264 SquareFeet
Cross street
Yonge St. & Davis Dr.
Directions
Yonge St. and Davis Dr.
Neighbourhood
Central Newmarket
Heating
Forced Air — Gas
Cooling
Central Air
Water
Sewer
Sewer
List price
$1,258,000
Original list price
Annual taxes
$6,206
Tax year
2025
Legal description
Plan 435 Pt Lot 23
Inclusions
Exclusions
MLS #
N13497606
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Detached
Days on market
List date
Possession
TBA
Occupancy
Tenant
Listing brokerage
CENTRAL HOME REALTY INC.
$969,900
Median list price
33
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$6,031
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
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