$1,698,000
FOR SALE

Detached Bungalow

Bedrooms: 8Bathrooms: 4Lot: 60 x 121 ft
2025 Taxes: $6,206

206 Parkview Cres
Newmarket, ON L3Y 2C8 | Central Newmarket | York

PREMIER REVENUE ASSET - 100% OR 50% EQUITY STAKE AVAILABLE - $120K GROSS/YR Investment Opportunity: Rarely does an asset of this caliber reach the market. Strategically positioned in the Yonge & Davis corridor of Newmarket, this detached residence is a turn-key, high-yield business producing around $10,000/month in gross rental income. Fully Renovated Detached Bungalow- Turnkey Investment opportunity! This beautifully upgraded home is a rare find offering 3 self-contained units with 3 separate entrances. Two basement units are in the process of legalization. ideal for investors or multi-generational families! Situated on a generous 60x121 ft lot, backing onto a Ravine. The property is tenanted and offers immediate cash flow with significant long-term land appreciation. The tenants can stay or go. The main level features 4 spacious bedrooms, a bright living room with large picture windows, and a stunning family room with skylight that fills the space with natural light. The basement offers 2 separate units, each with 2 bedrooms and private entrances- perfect for strong rental income. The Property has 8 Bedrooms + 3 Kitchens. Mature lot with in-ground pool and direct ravine access. Ideal for future "Missing Middle" development or a luxury custom rebuild. Flexible Acquisition Structures: The Seller is offering two distinct exit strategies to accommodate different investor profiles: 100% Fee Simple Acquisition: Full ownership of the land and income stream. 50% Partial Interest (Co-Ownership): Purchase a 50% equity stake in the property. Ideal for investors seeking a "Profit Share" arrangement. Property located just minutes walk to Yonge Street, Davis Drive, and Upper Canada Mall, with easy access to transit, schools, parks, and shopping. This is more than a home
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Listed By CENTRAL HOME REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N13085674
Last Updated May 06, 2026
Property Summary
Property Type Detached

More like this:
PIN 036000035
Legal Description Plan 435 Pt Lot 23
Possession Date TBA
Taxes (2025) $6,206
Directions/Cross Streets Yonge & Davis
Neighbourhood Central Newmarket
Area York
Price History

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Detailed Information
Fronting On South
Special Designations Other
Included Cable TV
Bedrooms 8
Bathrooms 4
Lot 60 x 121 ft
Exterior Stucco (Plaster)
Air Conditioning Central Air
Family Room Y
Fireplace/Stove Y
Pool Inground
Basement Apartment
Garage Type None
Parking Spaces 4
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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