New Listing
366-370 Penn Avenue S,Newmarket, ON L3Y 2S9
Newmarket, ON L3Y 2S9
Description
Rarely offered 19-unit multifamily investment (mix of studio, 1- and 2-bedroom suites) located at 366-370 Penn Ave in the heart of Newmarket, Ontario, a location tenants want. Excellent investment property with lots of upside. This building features a modern stucco exterior, recently replaced windows, a new roof, freshly painted common areas, a master keyed lock system, an AI camera security system, fob-controlled intercom access and many updates throughout,. This building has been professionally managed and well cared for. All units show well and are spacious, with a great tenant base and no LTB issues. Southlake Hospital is only a 2-minute drive or under a 15-minute walk away. The Newmarket GO Station is a 5-minute walk or 2-minute drive and offers regular weekday service to Union Station, ideal for commuters. Upper Canada Mall, with its 250 stores and services, is a short drive away, and everyday shopping is close by. Public, private and Catholic schools are all nearby, making this a sought-after address for families. Easy access to Highway 404 connects you to the GTA and beyond. Walkable, transit-connected and close to a major employer in Southlake Hospital, this is the kind of location that keeps units full and demand strong. Walk-throughs begin Monday, November 9th at 10 am. Listing broker has an interest in the property. Contact listing broker for offering memorandum.
Details
| MLS # | N14137264 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 1 |
| Listing Provided By | LEAF AND PALM REALTY CORP. | N14137264 435200 |
Features
| Bath(s) | 18 |
|---|---|
| SQ Feet | 15,468 |
| Acreage | 0.36 |
Interior
| Cooling | No |
|---|
Exterior
| Community Features | Major Highway, Public Transit |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|---|
| Sewer | Sanitary+Storm |
Taxes
| Tax Annual Amount | 21781 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | York |
| City | Newmarket |
| Postal Code | L3Y 2S9 |
| Area | Bristol London |
| Listing VS Median (in L3Y 2S9) | |
Price: $5,980,000 low | high Med: $5,980,000 sqft: 15,468 low | high Med: 15,468 $ / sqft: $387 low | high Med: $387 On site: 1 low | high Med: 1 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | York |
| City | Newmarket |
| Postal Code | L3Y 2S9 |
| Area | Bristol London |
| Listing VS Median (in L3Y 2S9) | |
Price: $5,980,000 low | high Med: $5,980,000 sqft: 15,468 low | high Med: 15,468 $ / sqft: $387 low | high Med: $387 On site: 1 low | high Med: 1 | |