$950,000
262 Lorne Avenue E, Newmarket, ON L3Y 4K4


Newmarket, ON L3Y 2C8
8 Bed · 4 Bath · Detached
MLS #N13497606
Listed Price
THE ULTIMATE WEALTH-GENERATING ASSET IN CENTRAL NEWMARKET100% FULL VACANT POSSESSION ON CLOSINGWelcome to a premium house and a great asset in Newmarket's prime Yonge & Davis corridor. The property generates about $90,000 rental income annually. Whether you are an institutional investor adding a high-yield vehicle to your portfolio, or a smart homeowner looking to completely eliminate your housing costs via "house-hacking," this property stands entirely in a league of its own.THE LAND VALUE: Sprawling across an oversized, mature 60 ft x 121 ft premium lot, the property backs onto a tranquil ravine. Real estate is about location and land-and a 60-foot ravine lot in the heart of York Region offers massive future appreciation and development protection.THE CONFIGURATION:Main Level: Bright, spacious, updated 4-bedroom layout featuring principal rooms and large windows with the views of the ravine.Lower Level: Two separate, fully self-contained rental suites. Bright, comfortable, and designed to minimize turnover.THE FINANCIAL METRICS: Currently operating at a gross annual yield of approx. $90,000 across three tenancies. For an end-user, this income is large enough to offset your mortgage qualifications, effectively allowing you to occupy a premium detached ravine home in Newmarket completely free while your tenants pay down your principal.THE LOCATION: Unbeatable transit and commercial footprint. Walk to Upper Canada Mall, immediate access to the Yonge St & Davis Dr transit corridors, minutes to the Newmarket GO Station, Southlake Health Centre, major stores, plazas, supermarkets and top-tier neighborhood schools.CHOOSE YOUR CLOSING: The seller offers ultimate contractual flexibility to suit your profile. Retain the outstanding, low-maintenance good tenants for an uninterrupted stream of revenue from day one, OR receive contractually guaranteed 100% full vacant possession on closing to choose your own market rents or move your extended family right in.
Bedrooms
8
Bathrooms
4
Square Feet
1500-2000 sqft
Property Type
Detached
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Living Room(Ground) | 6.67 x 6.06 | 21.9 x 19.9 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Dining Room(Ground) | 3.17 x 3.21 | 10.4 x 10.5 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Family Room(Ground) | 4.28 x 3.84 | 14.0 x 12.6 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Kitchen(Ground) | 4.67 x 3.18 | 15.3 x 10.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Primary Bedroom(Ground) | 5.33 x 3.46 | 17.5 x 11.4 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 2(Ground) | 3.97 x 3.64 | 13.0 x 11.9 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 3(Ground) | 3.21 x 2.84 | 10.5 x 9.3 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Bedroom 4(Ground) | 3.89 x 3.21 | 12.8 x 10.5 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Family Room(Basement) | 3.74 x 3.32 | 12.3 x 10.9 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Living Room(Basement) | 6.84 x 3.29 | 22.4 x 10.8 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Kitchen(Basement) | 3.41 x 1.96 | 11.2 x 6.4 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom(Basement) | 4.23 x 3.02 | 13.9 x 9.9 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 2(Basement) | 5.83 x 3.1 | 19.1 x 10.2 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 3(Basement) | 4.47 x 2.56 | 14.7 x 8.4 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
| Bedroom 4(Basement) | 5.66 x 2.69 | 18.6 x 8.8 | - |
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206 Parkview Crescent, Newmarket, ON L3Y 2C8 is a 8-bedroom, 4-bathroom bungalow detached with approximately 1500-2000 square feet of living space, situated on a 60 121 foot lot. This property is currently for sale at $1,258,000. The home features a none garage and a apartment basement.
This home is located in Central Newmarket, part of Newmarket in the York area. Explore more homes for sale and recently sold properties in this neighbourhood.
Whether you are looking to buy, sell, or lease in Central Newmarket, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.
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