66 Prospect Street, Newmarket, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey multiplex located in the coveted neighborhood of Central Newmarket. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $1,800,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 5 Bathrooms with 4 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 70 x 147 ft lot
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- Ample parking with 0.0 garage spaces (8.0 total parking spaces)
- Notable attributes: Other
- equipped with wall unit(s) central cooling and highly efficient forced air heating via gas
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 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!
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Property Summary
This multiplex located at 66 Prospect Street, Newmarket is currently for sale and has been available for 1 day. This property is listed at $1,800,000 with an estimated mortgage of $5,992* per month. It has 6 beds, 5 bathrooms, and is 3500-5000 square feet. 66 Prospect Street, Newmarket is in the Central Newmarket neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Central Newmarket, Newmarket.
- •6 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Central Newmarket, Newmarket.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Newmarket?
If you are looking for a house in Newmarket or researching Newmarket real estate for sale, this 6-bedroom multiplex at 66 Prospect Street, Newmarket, ON offers an exceptional opportunity to buy a home in Newmarket, Ontario. Whether you are a first-time Newmarket home buyer or comparing active Newmarket MLS® homes for sale, working with a dedicated Newmarket buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Newmarket Buyer Budget & Costs
Estimated mortgage: $5,992*/month*. Estimated Ontario Land Transfer Tax: $32,475. First-time Newmarket home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Newmarket
Frequently Asked Questions about 66 Prospect Street, Newmarket, ON
Q.What is the asking price for 66 Prospect Street, Newmarket, ON ?
The current listing price for 66 Prospect Street, Newmarket, ON in Central Newmarket, Newmarket is $1,800,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and 5 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 66 Prospect Street, Newmarket, ON ?
66 Prospect Street, Newmarket, ON is a Multiplex (2 1/2 Storey) featuring a Separate Entrance basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Wall Unit(s).
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Central Newmarket, Newmarket
24 assaults (109.1/100k)
13 B&E (59.1/100k)
18 thefts (81.8/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 66 Prospect Street, Newmarket, ON L3Y 3S9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Newmarket, ON
For a property listed at $1,800,000 in Newmarket, the legal minimum down payment is $360,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $32,475 for this transaction. As this listing is in Newmarket (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $32,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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