Sales Representative
Price
$774,000
Bedrooms
3 Beds
Bathrooms
2 Baths
Size
700-1100 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$4012.42
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.
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Contact AgentAccess detailed sale and tax history information
Total Monthly Payment
$3,115 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$619,200
Total Interest Payments
$381,775
Total Payment (Principal + Interest)
$1,000,975
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
If you are planning to buy or sell a home, you want the process to go successfully. If you are selling, success means getting your property sold quickly and for the highest price possible. If you are buying, it means finding your next dream home and getting into it, affordably. On top of that, if you are like most of my satisfied customers, you also want everything to go smoothly, with as little stress as possible. How can you ensure all that happens? By working with a real estate agent who truly puts you first. I am proud to be the real estate agent of choice for those who want a great experience buying or selling a home. My “clients-first” approach means that you will be working with a professional who listens to you, provides expert advice, and works hard on your behalf.
