All photos · 28

Central Newmarket

56 Millard Avenue, Newmarket, ON L3Y 1Y8

$1,080,000

Beds

9

Baths

3

Type

Freehold

About this home

Exceptional income-generating opportunity in the heart of Newmarket! Spacious raised bungalow offering the potential to operate as two separate rental units as well as a legal basement, making it an outstanding investment property or ideal for buyers looking to live in one unit while generating strong rental income from the others. The main level features 4 bright bedrooms, an open-concept living and dining area, and a modern kitchen with walk-out to a private deck. The fully finished lower level includes a self-contained 2-bedroom apartment with separate entrance and private laundry, with layout flexibility that allows for multiple rental configurations. Fully renovated from top to bottom, inside and out, this property is move-in ready and perfectly suited for investors seeking multiple income streams. Located in a prime Newmarket location just minutes from Yonge Street, Upper Canada Mall, schools, parks, transit, and major highways. A rare opportunity to own a versatile property with excellent cash flow potential.

Interior

  • · Carpet Free
  • · Water Heater

Heating

  • · Forced Air

Cooling

  • · Central Air

Parking

  • · Available

Basement

  • · Apartment
  • · Separate Entrance
  • · Finished
  • · Walk-Up

Room by room

Kitchen

Main

Living Room

Main

Primary Bedroom

Main

Bedroom 2

Main

Bedroom 3

Main

Living Room

Basement

Kitchen

Basement

Bedroom 4

Basement

Bedroom 5

Basement

Bedroom 4

Main

What it could cost monthly

Estimated monthly

$4,946

Principal & interest, per month


Mortgage amount
$864,000
Down payment
$216,000
Total interest paid
$619,714

Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.

A note from your agent

Alfred Martinelli

Broker

416-839-3599

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Listing data provided under copyright by the A00001796 and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Room measurements deemed reliable but not guaranteed. Some values are sourced as metres and converted to feet for display.

Listing brokerage

LSG REALTY INC.

Each office independently owned and operated.