37 Newbury DR, Newmarket, ON L3Y 4P9
37 Newbury DR, Newmarket, ON L3Y 4P9
37 Newbury DR, Newmarket, ON L3Y 4P9
19
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$719,000
Est. payment /mo
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5 Beds
2 Baths
New

37 Newbury DR Newmarket, ON L3Y 4P9

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Kevin Kitchen

Kevin Kitchen

+1(613) 620-3667

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Semi-Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision Bristol-London

MLS Listing ID N13170426

Style Bungalow-Raised

Bedrooms 5

Annual Tax Amount $4,012

Tax Year 2025

Property Sub-Type Semi-Detached

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

Location

State ON

County York

Area York

Rooms

Family Room No

Basement Apartment, Separate Entrance

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Other

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private Double

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 32.5

Lot Depth 97.0

Total Parking Spaces 4

Building

Unit Features Greenbelt/Conservation,Hospital,Library,Public Transit,School,Place Of Worship

Foundation Concrete

Others

Security Features Alarm System,Carbon Monoxide Detectors

ParcelsYN No

Virtual Tour https://www.winsold.com/tour/457075

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

NEARBY SCHOOL & BUSINESS

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Kevin Kitchen

Kevin Kitchen

Agent | License ID: 4737711

+1(613) 620-3667

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37 Newbury DR