Room 1
Level not provided
66 Prospect St
Central Newmarket, Newmarket, Ontario L3Y 3S9
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!
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- N13882840
- Board
- TRREB MLS®
- Days on market
- Tax
- $13,000
- Size
- 3500-5000 sqft
- Lot
- 70 × 147 Feet
- Parking
- None, 8 Parking
Listing History
Listing activity for 66 Prospect St, Newmarket, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $1,800,000 | N/A | For Sale | N13882840 |
Property Details
Property
- Property Type
- Multiplex
- Style
- 2 1/2 Storey
- Community
- Central Newmarket
- Municipality
- Newmarket
Inside
- Bedrooms
- 6
- Bathrooms
- 5
- Bathroom Detail
- 2, 4pc, 2nd
- Bathroom Detail
- 1, 4pc, Flat
- Bathroom Detail
- 1, 2pc, Flat
- Bathroom Detail
- 1, 4pc, Flat
- Basement Type
- Sep Entrance
- Kitchens
- 4
Utilities
- Water
- Municipal
- Cooling
- Wall Unit
- Heating Type
- Forced Air
Building
- Size
- 3500-5000 sqft
- Construction
- Alum Siding
Parking
- Driveway
- Private
- Garage Type
- None
- Add. Parking
- 8
- Total Parking
- 8
Land
- Sewer
- Sewers
- Lot Size
- 70 × 147 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
- Extras
- all existing appliances 4 fridge, 4 stove, 2 B/I dishwashers, 4 washer and 4 Dryer. all existing window coverings and light fixtures.
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
15 records read 8 on record nearby 7 checked, none on recordRead 2026-11-07
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m38 test or monitoring holes also recorded.
- Groundwater recorded about 5.5 m below ground nearbyThe middle water level in the well records within 500 m (275 records). It changes with the season and from spot to spot.
- Bedrock about 82.3 m down nearbyThe middle depth to bedrock in the well records within 500 m.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 4.4 km
Province of Ontario open data
Around the home
- Nearest rail line: 320 m
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Magna Closures Inc. — Dortec Industries (Newpark), 2.3 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Newmarket-Tay Power Distribution Ltd.
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, telMAX. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, RuralNet, Vianet, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$8,252
- Down payment$360,000
- Mortgage amount$1,440,000
- Total interest$1,035,600
- Total cost$2,835,600
Cash flow analysis
$8,252
Total monthly payment
$9,335
Break-even down payment
100%
Cash flow-$9,335
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$1,800,000
$1,800,000
CAD
Estimate unavailable
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