20
See all 20 photos
$774,000
Est. payment /mo
5 Beds
2 Baths
700 SqFt
New
37 NEWBURY DRIVE Newmarket (bristol-london), ON L3Y4P9
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Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700 - 1100
Square Footage 700 sqft
Price per Sqft $1,105
Subdivision Bristol-London
MLS® Listing ID N13110826
Style Raised bungalow
Bedrooms 5
Property Sub-Type Freehold
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling None
Exterior
Parking Features Yes
Fence Fully Fenced
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage Yes
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Raised bungalow
Others
Ownership Freehold
Virtual Tour https://www.winsold.com/tour/457075/branded/70222
Listed by SUTTON GROUP-ADMIRAL REALTY INC.
NEARBY SCHOOL & BUSINESS
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