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66 Prospect St, Newmarket, ON

Name: 66 Prospect St, For Sale in Newmarket - Zoocasa
Brand: REMAX YOUR COMMUNITY REALTY
SKU: N13882840
Price: 1800000 CAD

House

For Sale

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658

MLS® N13882840

Overview

Key Facts

Type

Levels Residential Income

Size -

Garage Yes

Taxes $13,000

Days Active 9

Lot Size

Approx. Age

MLS® Number N13882840

Property Address: 66 Prospect St, Newmarket, ON, L3Y3S9

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

Description

Exceptional Investment Opportunity in the Heart of Newmarket with Future Development Potential! Rare opportunity to acquire a unique income-producing property comprising a legal triplex at 64-66 Prospect Street together with a charming detached 2-bedroom bungalow at the rear, municipally known as 567 Granby Place, all included in the purchase price. The main building features three units, including commercial office space on the ground floor and two residential apartments above, offering a versatile mix of commercial and residential income streams. With two units currently occupied and two vacant, investors can benefit from existing rental income while taking advantage of immediate leasing opportunities, with a combined potential rental income of approximately $9, 000 per month ($108, 000 annually), subject to market conditions. Ideally positioned just steps from Southlake Health (formerly Southlake Regional Health Centre) , historic Downtown Newmarket, Main Street's vibrant shops and restaurants, public transit, and the GO Train. Surrounded by ongoing neighbourhood growth and redevelopment activity, this property presents exciting long-term possibilities for investors, developers, and those seeking to expand their real estate portfolios. Multiple income streams offer diversification and attractive investment flexibility. Enjoy the benefits of immediate income potential, a highly desirable central location, and possible future redevelopment or intensification opportunities, subject to municipal approvals and buyer's independent due diligence. A rare opportunity to invest today while positioning yourself for tomorrow's growth! (id:58753)Show Description

MLS® NumberN13882840

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age

BasementSeparate entrance, N/A

DrivewayNo Garage

Garage Spaces

HeatHeat Pump, Forced air, Natural gas

A/CWall unit

Extras

Map

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