$1,800,000 Sale

Listed 3 days ago

66 PROSPECT STREET

MLS® n13882840 Multi Family

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Beds · 6

Baths · 4.5

Parking · 8

Sqft · 3500 - 5000

Est. mortgage

$7,601/mo

Key Facts

Key facts for 66 PROSPECT STREET

Property Type

Apartment

Parking

Garage: No, 8 parking

MLS #

N13882840

Size

3500 - 5000 sqft

Basement

N/A

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

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 56...7 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! (id:10452)

Full Property Details

Interior

Bedrooms

Washrooms

4.5

Square Footage

3500 - 5000 sqft

Basement

N/A

Heating Source

Natural gas

Heating Type

Forced air, Heat Pump

Air Conditioning

Wall unit

Full Bathrooms

Half Bathrooms

Basement Features

Separate entrance

Bedrooms

Washrooms

4.5

Square Footage

3500 - 5000 sqft

Basement

N/A

Heating Source

Natural gas

Heating Type

Forced air, Heat Pump

Air Conditioning

Wall unit

Full Bathrooms

Half Bathrooms

Basement Features

Separate entrance

Exterior

Acreage

70 x 147 FT

Parking Spaces

Garage Spaces Y/N

Acreage

70 x 147 FT

Parking Spaces

Garage Spaces Y/N

Building Description

Home Type

Apartment

Subtype

Multi Family

Exterior

Aluminum siding

Sewers

Sanitary sewer

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Exterior

Aluminum siding

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

Central Newmarket

Area Code

Newmarket (Central Newmarket)

Community

Central Newmarket

Area Code

Newmarket (Central Newmarket)

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Hussain Mandviwala

Email: [email protected] Cell: 647-560-3110