23
$1,258,000 Sale
Listed 108 days ago
206 Parkview Crescent
· 4+4
· 4
· 0
· 1500-2000
Listing History
Buy/Sell/Terminated/Expired listing history for 206 Parkview Crescent
Key Facts
Key facts for 206 Parkview Crescent
Property Type
House, Bungalow
Parking
None 0 garage, 4 parking
MLS #
N13497606
Size
1500-2000 sqft
Basement
Apartment
Listed on
2026-06-22
Lot size
60 x 121.0
Tax
$6,206 /yr
Days on Market
113
Approximate Age
-
Maintenance Fee
-
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 hig...h-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.
Room Types
Bedroom
Laminate
Dimensions 13.88 x 9.91 feet
137.55 sqft
Bedroom 2
Hardwood Floor
Dimensions 13.02 x 11.94 feet
155.46 sqft
Bedroom 3
Hardwood Floor
Dimensions 10.53 x 9.32 feet
98.14 sqft
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Courtesy of: CENTRAL HOME REALTY INC.