37 Newbury Drive
Newmarket, Ontario L3Y 4P9
This turnkey legal 2-unit property in Newmarket stands out with its extensive 2021 renovations, income-producing potential, and highly functional layouts, all set within a mature, transit-friendly neighbourhood close to Highway 404, the GO Station, parks, shopping, and everyday amenities.
Listed on the Town of Newmarket’s registry as a legal 2-unit dwelling, the home offers exceptional flexibility for investors, multi-generational families, or buyers seeking future income opportunities. The upper level features a bright and well-designed 3-bedroom, 1-bathroom layout, while the lower level includes a beautifully updated 2-bedroom, 1-bathroom suite with a separate entrance. Both units were extensively renovated in 2021 with modern finishes and practical, comfortable living spaces throughout.
Currently leased as a single unit to a responsible professional tenant and family, the property generates nearly $50,000 in gross rental income with a strong net operating income, offering immediate built-in revenue for the new owner. The existing tenants have expressed interest in remaining, creating a seamless transition for investors seeking a stable and established asset.
Positioned in Bristol-London, one of Newmarket’s established residential pockets, the home is conveniently located near Upper Canada Mall, Costco, Southlake Regional Health Centre, schools, parks, libraries, transit, and major commuter routes. Viva Transit and the GO Station are both within walking distance, making travel throughout the GTA efficient and convenient.
| Price: | $774,000 |
|---|---|
| Bedrooms: | 3+2 |
| Bathrooms: | 2 |
| Kitchens: | 1+1 |
| Family Room: | No |
| Basement: | Apartment / Separate Entrance |
| Fireplace/Stv: | No |
| Heat: | Forced Air/Gas |
| A/C: | None |
| Central Vac: | No |
| Laundry: | Lower Level |
| Apx Age: | 68 Years (1958) |
| Lot Size: | 32.5 x 97 Feet |
| Apx Sqft: | 700-1100 |
| Exterior: | Brick, Stone |
| Drive: | Private Double |
| Garage: | Carport/1 |
| Parking Spaces: | 4 |
| Pool: | None |
| Property Features: |
|
| Water: | Municipal |
| Sewer: | Sewers |
| Taxes: | $4,012.42 (2025) |
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Dave Elfassy, Broker
PHONE: 416.899.1199 | EMAIL: [email protected]
Sutt
on Group-Admiral Realty Inc., Brokerage
1206 Centre Street
Thornhill, ON
L4J 3M9
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