Salehian.com 647-325-5000

66 Prospect Street

Central Newmarket, Newmarket, L3Y 3S9

$1,800,000

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  • 6 bedrooms
  • 5 bathrooms
  • 8 parking
  • 3500-5000 sq ft

Listed 11 days ago · MLS® N13882840

About this home

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!

Details

Type
Multiplex
Style
2 1/2 Storey
Size
3500-5000 sq ft
Lot
70 × 147 ft
Basement
Separate Entrance
Garage
None
Kitchens
4
Property tax
$13,000 (2026)
Neighbourhood
Central Newmarket
Municipality
Newmarket

Interior

Bedrooms
6 above ground
Bathrooms
2 × 4-piece (second), 1 × 4-piece (flat), 1 × 2-piece (flat), 1 × 4-piece (flat)
Rooms
11 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Wall Unit(s)
Water and sewer
Sewer

Building and exterior

Style
2 1/2 Storey
Exterior
Aluminum Siding
Roof
Asphalt Shingle
Foundation
Concrete Block
Faces
West

Parking

Total parking
8
Driveway and parking
Private

Lot

Size
70 × 147 ft

More

Possession
Imm / 30 Days
Cross street
Prospect & Davis

History of this address

4 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚆 Newmarket GO8 min walk

Within a 10-minute walk: 1 grocery store, 15 cafés and restaurants, 5 parks, 3 pharmacies. Nearest grocery: Grocery Outlet (800 m). Nearest park: Sunnyhill Park (350 m).

Schools nearby

Elementary

  • Prince Charles Public School
    EQAO: Gr 6 reading 85%, math 25%    9 min walk
  • Stuart Scott Public School
    EQAO: Gr 6 reading 79%, math 33%    18 min walk
  • Mazo De La Roche Public School
    EQAO: Gr 6 reading 100%, math 72%    18 min walk
  • Meadowbrook Public School
    EQAO: Gr 6 reading 85%, math 45%    1.2 km

Secondary

  • Huron Heights Secondary School
    EQAO: Gr 9 math 46%, literacy test 85%    14 min walk
  • Sacred Heart Catholic High School Catholic
    EQAO: Gr 9 math 62%, literacy test 85%    18 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L3Y

Owners / renters
68% / 32%
Median household income
$93,000
Average age
44
Children under 15
14%
Homes
56% detached, 8% high-rise
Commute by transit
4%
Population
43,556

Languages spoken most at home besides English: Iranian Persian 3.2%, Mandarin 1.6%, Russian 1.2%, Yue (Cantonese) 0.9%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for York Region police: 50 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 46 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REMAX YOUR COMMUNITY REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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