$1,489,000
206 Parkview Crescent, Newmarket, ON L3Y 2C8
8 Beds
4 Baths
4 Parking
THE ULTIMATE PEACE OF MIND: RARE TRIPLE-INCOME ASSET | $10,000/MO GROSS | LEGALIZATION IN PROGRESSF. The Seller provides an Unconditional Guarantee to deliver the property with Two Fully Legalized Basement Suites upon closing. Rare opportunity to acquire a high-yield detached residence in Newmarket's prime Yonge & Davis corridor. This turnkey business generates $120,000 gross annual income from 3 self-contained units with separate entrances. Crucially, legalization for the two basement units is currently underway, bridging the gap between "unauthorized" and "fully bankable" income-ideal for taking advantage of the stable 2026 interest rate environment. THE PROPERTY has 8 Bedrooms + 3 Kitchens: Fully renovated detached bungalow with 4 spacious bedrooms on the main level. Premium Ravine Lot: Generous 60x121 ft lot backing onto a ravine-ideal for long-term land appreciation. Flexibility: Existing professional tenants can stay for immediate cash flow or leave for owner-occupancy. Mature lot features an in-ground pool (as-is) and direct ravine access. Strategically located minutes from Upper Canada Mall, transit, and top-tier schools. ACQUISITION OPTIONS: Available as a 100% Fee Simple acquisition or a unique 50% Partial Interest (Co-Ownership) for strategic partners seeking a profit-share arrangement.

Property Summary

Property Type Residential Freehold
Property Sub Type Detached
Transaction Type For Sale
Style Bungalow
Bedrooms Above Grade 4
Bedrooms Below Grade 4
Bathrooms 4
Kitchens 3
Basement Apartment
Exposure South
Possession TBA

Building

Building Type Detached
Square Footage 1500-2000
Exterior Stucco (Plaster)
Foundation Concrete Block
Roof Asphalt Shingle
Heating Forced Air
Heat Source Gas
Cooling Central Air
Fireplace Yes

Measurements

Lot Size 60 x 121
Lot Size Units Feet
Frontage 60
Depth 121
Total Living Area 1500-2000

Land

Address 206 Parkview Crescent, Newmarket, ON L3Y 2C8
City Newmarket
Community Central Newmarket
County / Area York
Cross Street Yonge St. & Davis Dr.
Sewer Sewer
Pool Inground
Parcel Number 036000035

Parking and Garage

Total Parking 4
Garage Spaces 0
Garage Type None

Taxes and Listing Info

List Price $1,489,000
Annual Taxes $6,206
Tax Year 2025
Status Active
Listing Date 2026-05-19T18:57:37Z
Updated 2026-05-27T01:49:28Z
MLS Number N13145452
Local Market Insight

What Buyers Should Know About 206 Parkview Crescent, Newmarket, ON L3Y 2C8

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

206 Parkview Crescent, Newmarket, ON L3Y 2C8 is positioned in Central Newmarket, a part of Newmarket where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Bungalow, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Detached should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Yonge St. & Davis Dr., public transit options, parking availability, and drive times to employment areas. A property with 4 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $1,489,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 8 bedrooms, 4 bathrooms, basement details marked as Apartment, and a lot size of 60 x 121, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Newmarket, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Central Newmarket. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 206 Parkview Crescent, Newmarket, ON L3Y 2C8, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.