206 Parkview Crescent
Central Newmarket, Newmarket, L3Y 2C8
FOR SALE
$1,258,000
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4 + 4
BEDROOMS 4
BATHROOMS 1 + 2
KITCHENS 8 + 8
ROOMS N13497606
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Property Description
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.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2022-01-27 | 2022-02-05 | 9 | $1,100,000 | $1,380,000 |
| 2015-07-03 | 2015-07-17 | 14 | $639,500 | $615,000 |
Nearby Intersections
Property Features
Other, Front Yard Parking
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Property Details
Address
206 Parkview Crescent
Community
City
Postal Code
L3Y 2C8
Property Type
Detached, Detached
Lot Size
60' x 121'
Acreage
7,264.0 Feet
Taxes
$6,206 (2025
Basement
Apartment
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Pool
Inground
Parking Spaces
4
Garage Type
None
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Listing contracted with Central Home Realty Inc.
Welcome to this exceptional 4-bedroom detached home in the highly sought-after College Manor community. Offering approximately 2,507 sq. ft. plus a finished walkout basement, this beautifully maintained home sits on a premium pie-shaped lot with no neighbours behind, providing exceptional privacy and an incredible outdoor setting. Designed for comfortable family living and entertaining, the functional layout features a bright, spacious interior with a beautifully appointed kitchen featuring granite countertops, a separate living room, an inviting family room, plus a main floor office with French doors-ideal for working from home. Main floor laundry with direct garage access adds everyday convenience. Enjoy seamless indoor-outdoor living with a walkout from the main floor to a large elevated deck, perfect for outdoor dining or relaxing while overlooking the backyard. The finished walkout basement provides direct access to a spectacular backyard retreat featuring an inground swimming pool, expansive green space, plus a covered patio-creating the perfect setting for entertaining, family gatherings, or simply enjoying your own private oasis. Minutes to Historic Downtown Newmarket and Historic Main Street, offering boutique shops, restaurants, cafés, parks, trails, plus year-round community events. Families will appreciate the proximity to highly regarded schools, Pickering College, shopping, grocery stores, pharmacies, and everyday amenities. The Magna Centre is located directly across the street, providing fitness facilities, swimming, skating, sports programs, and community activities. Southlake Regional Health Centre, public transit, plus Highway 404 are all just minutes away. A rare opportunity to own a spacious family home on one of College Manor's most desirable lots, combining an exceptional location, functional layout, and an outstanding backyard lifestyle.
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Nestled in a quiet, family-friendly neighbourhood, this 2-storey home is just minutes to parks, top-rated schools, shopping, public transit, and offers quick access to Highway 404. Ideally located near Upper Canada Mall and other major shopping centres, it provides convenient access to a wide range of retail, dining, and everyday essentials, with Yonge Street just a short 6-minute walk away. Bright and inviting throughout, the home features 9' ceilings, hardwood floors, and an abundance of natural light. The kitchen offers a comfortable eat-in space with a breakfast bar, stainless steel appliances, and large windows. Enjoy hosting in the elegant dining room with coffered ceilings, or unwind on one of two decks in the fully fenced backyard. Upstairs, you'll find a spacious primary bedroom with two walk-in closets and a 4-piece ensuite, along with three additional well-sized bedrooms and another full bathroom. The finished basement features an extra kitchen and large rec room with awalkout-perfect for extra living space, entertaining, or family time. Upgrades include new shingles (2021), furnace (2020), and a reverse osmosis system.
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