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MLS® N13110826

  • Key Facts
  • Description
  • Map

Key Facts

Type Attached
Levels Residential
Size -
Garage Carport
Taxes $4,012
Days Active 0
Lot Size 
Approx. Age 
MLS® Number N13110826

Property Address: 37 Newbury Dr, Newmarket, ON, L3Y4P9

Average square foot calculated using Size range provided by listing agent.

Description

Skip the major renos, permits, and tenant search! This is a turnkey legal 2-unit property (listed on the Town of Newmarket's registry) in a mature, transit-friendly neighbourhood. Upper unit consist of 3 bedrooms and 1 bath, lower unit, 2 bedrooms and 1 bath- both units were beautifully renovated in 2021 with modern finishes and highly functional layouts! The property is currently leased as a single unit at a strong market rate, generating nearly $50, 000 in Gross Rental Income with an exceptional Net Operating Income (NOI). Occupied by a responsible professional tenant and family that have expressed a strong desire to remain in place, this asset provides a new owner with immediate, built-in income and the future flexibility of its legalized two-unit zoning. This is a fantastic opportunity for an investor seeking an income-producing asset where the updates and legal status are already secured. Newmarket offers a complete lifestyle with access to major amenities, including Upper Canada Mall, Costco, and Southlake Regional Health Centre. The area is well-connected for easy travel throughout the GTA with quick access to Highway 404 and within walking distance to Viva Transit and the GO station, making commuting convenient and reliable.. Pictures were taken prior to the existing tenants. Photos virtually staged.Show Description
MLS® NumberN13110826
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageCarport
Approx. Age
BasementApartment, Separate Entrance
DrivewayGarage Type:Carport
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

Home Appraisal

This property is estimated to sell between: $774,000 and $856,000.
Similar properties in this area sold on average for: $828,136
Expected to sell in 20 days. Similar properties sold in 20 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
37 Newbury Dr, Newmarket, ON

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