$1,590,000
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

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.
Extras
Other
Share
Listed By CENTRAL HOME REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N13145452
Last Updated May 19, 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 St. & Davis Dr.
Neighbourhood Central Newmarket
Area York
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On South
Special Designations Other
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

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)