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$3,250,000
Est. payment /mo
14 Beds
9 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Gorham-College Manor
MLS Listing ID N12164532
Style 3-Storey
Bedrooms 14
Annual Tax Amount $11,289
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Welcome to 589 Queen St and Historic 75 Prospect St. Two legal fourplexes Offering a total of 8 fully tenanted suites! Situated in an exceptional Newmarket location, this unique investment opportunity features two well-maintained multi-residential buildings on one lot. Enjoy unbeatable proximity to Historic Downtown Newmarket, where you'll find charming restaurants, patios, bars, year-round entertainment, Fairy Lake Park, boutique shopping, and more.Commuters will appreciate the easy access to public transit, the GO Train, Highway 404, and nearby amenities including schools and Southlake Regional Health Centre. 8 Total Units: One 3-Bedroom, Four 2-Bedroom, One 1-Bedroom, and Two Bachelor Suites. 11 surface parking spaces on two driveways. Dual road frontage for added convenience. Stable tenancies and consistently well maintained. Long-term growth potential, easy-to-manage asset in a high-demand area.
Location
Province ON
County York
Community Gorham-College Manor
Area York
Rooms
Family Room No
Basement Unfinished
Kitchen 8
Interior
Interior Features Other
Cooling Other
Fireplace Yes
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 100.66
Lot Depth 164.93
Total Parking Spaces 11
Building
Unit Features Hospital,Public Transit
Foundation Stone, Concrete
Others
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Listed by MAIN STREET REALTY LTD.