66 Prospect Street, Newmarket, ON L3Y 3S9
Newmarket, ON, L3Y 3S9 · Central Newmarket
About this property
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!
Features & Amenities
- Basement: Separate Entrance
- Garage: None
- Cooling: Wall Unit(s)
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2 1/2 Storey
- Construction: Aluminum Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2 1/2 Storey |
| Bedrooms | 6 |
| Bathrooms | 5 |
| Basement | Separate Entrance |
| Garage | None |
| Parking Spaces | 8 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $13,000 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Other
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2 1/2 Storey
- Construction Materials
- Aluminum Siding
- Foundation Details
- Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Separate Entrance
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 8
- Parking Total
- 8.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 147.00
- Lot Width
- 70.00
Financial & Tax
- Tax Annual Amount
- $13,000
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- Imm / 30 Days
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 11
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 6
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- York
- Cross Street
- Prospect & Davis
- Directions
- Prospect & Davis
- Special Designation
- Unknown
- Showing Requirements
- List Brokerage
Location
66 Prospect Street, Newmarket, ON L3Y 3S9, Newmarket, ON, L3Y 3S9