$2,950,000

Investment For Sale In Newmarket, Ontario

$2,950,000

Property Information:

Rare offering for investors, for those looking to retire with an income, and for families. This 7 year old extremely well maintained new build multi-residential property sits on one of Newmarket's Prime Locations, Mature Trees & Quiet Streets. This Large Property has generous parking for 15 cars, a designated BBQ area with picnic table under decades old shade trees to enjoy the seasons. The building has 2 units per floor while the basement is fully finished with a central laundry room plus 2 residential units boasting large above ground windows. All units have front & rear door entry. The fire inspections are up to date. Three of the units have stair chair lift ability on the units rear access. Each unit has its own furnace & central air conditioning unit with individual thermostat controls, its own 40 gallon gas fired hot water tank, individual hydro & gas meters etc. Full Sprinklers in each unit & a fire extinguisher on each floor. Security System & Cameras on Site. Access to the units is remote & visual. The Location is Prime. Minutes to walk to Designated Historic Downtown Newmarket, Fairy Lake Park, Year Round Cultural & Community Events & Concerts & a Seasonal Farmer's Market. Minutes to walk to enjoy the many Restaurants, Patios & Pubs, Shops and so much more... Steps to Public Transit. Immediate Accessibility to Go Train, Schools, Public Library, Professionals, Southlake Regional Health Centre etc. Ideal for 'Downsizers' not wanting a Retirement Home room but a unit in their building with income. Great Opportunity for Immigrants moving to Canada with additional family members...each have their own unit + income from additional units. Must be seen...**EXTRAS** 6 fridges, 6 stoves, 6 B/I dishwashers, 6 air conditioners, 6x40 gallon gas water heaters, 6 forced air gas furnaces. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 10086 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned
  • Appliances: Dryer, Washer, Window Coverings

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit, Recreation
  • Features: Irregular lot size
  • Floor Space (approx): 10086 Square Feet
  • Irregular: Yes
  • Lot Depth: 123.8 Feet
  • Lot Frontage: 78.1 Feet
  • Lot Size: 78.16 x 123.75 FT
  • Zoning: R5-S
  • No. of Parking Spaces: 15

Courtesy of: Royal LePage Your Community Realty

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  • 443 Timothy St Front View 2 -
  • Aerial View of Large Lot for 15 cars -
  • View from rear of parking lot -
  • Stairwell -
  • Kitchen -
  • Kitchen View 2 -
  • Laundry Room in Lower Level -
  • Hallway Fire Extinguisher - one on every floor -
  • Washroom with shower + tub -
  • Individual Gas Meters -
  • Individual A-C Units -
  • Electrical Panel with Individual Meters -
  • Individual Utility Room - one per unit -