$2,950,000
Newmarket
443 Timothy Street, Newmarket (Central Newmarket), Ontario, L3Y1P7
This multi-family property in Newmarket is for sale offering roughly 10,086 sq ft of space.
Rare offering for investors, for those looking to retire with an income, and for families. This 7 1/2 year old extremely well maintained new build multi-residential property sits on one of Newmarket's Prime Locations, Mature Trees & Quiet Streets. This Large Property has generous parking for 15 cars, a designated BBQ area with picnic table under decades old shade trees to enjoy the seasons. The building has 2 units per floor while the basement is fully finished with a central laundry room plus 2 residential units boasting large above ground picture windows. All units have front & rear door entry. The fire inspections are up to date. Three of the units have stair chair lift ability on the units rear access. Each unit has its own furnace & central air conditioning unit with individual thermostat controls, its own 40 gallon gas fired hot water tank, individual hydro & gas meters etc. Full Sprinklers in each unit & a fire extinguisher on each floor. Security System & Cameras on Site. Access to the units is remote & visual. The Location is Prime. Minutes to walk to Designated Historic Downtown Newmarket, Fairy Lake Park, Year Round Cultural & Community Events & Concerts & a Seasonal Farmer's Market. Minutes to walk to enjoy the many Restaurants, Patios & Pubs, Shops and so much more... Steps to Public Transit. Immediate Accessibility to Go Train, Schools, Public Library, Professionals, Southlake Regional Health Centre etc. Ideal for 'Downsizers' not wanting a Retirement Home room but a unit in their building with income. Great Opportunity for Immigrants moving to Canada with additional family members...each have their own unit + income from additional units. Must be seen...**EXTRAS** 6 fridges, 6 stoves, 6 B/I dishwashers, 6 air conditioners, 6x40 gallon gas water heaters, 6 forced air gas furnaces. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 124 days on market, against an average age of 70 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 30 days on the market over the past year, against a median of 48 days across the markets we publish.
This multi-family in Newmarket (Central Newmarket) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,950,000, about 31.7× the local median household income of $93,000.
Carrying it typically needs a household income of about $576,238 (20% down, 25-yr amortization, stress-tested) — roughly 520% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3Y)
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Loading rates, 30-yr amortization
Cash Needed to Close
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