14 Beds 9 Bath

589 Queen Street, Newmarket, ON L3Y 2H8

Newmarket L3Y 2H8 Ontario

MLS: N12164532

$3,250,000

Added 10 days ago | For Sale

Listed by: MAIN STREET REALTY LTD.

About Property

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.

Features

  • House Style:Multiplex
  • Bathrooms:9
  • Land Size: 100.66 X 164.93
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Davis Dr / Prospect St
  • Basement:Unfinished , Unfinished
  • Possession Date:30-60 TBD
  • Annual Property taxes: $11289.49
  • Bedrooms:14
  • Total Parking Spaces:11
  • Parking Places:11
  • Heating Type:Other
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:N12164532

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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