66 PROSPECT STREET, Newmarket (Central Newmarket)

$1,800,000

For sale: Multiplex

Multiplex at 66 PROSPECT STREET, Newmarket (Central Newmarket)
Property type
Multiplex
Bedrooms / bathrooms
6 bedrooms, 5 bathrooms
Living area
5,000 sqft
MLS®
MLS® N13882840
Neighbourhood
Central Newmarket

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!

Sold data

Homes in Central Newmarket — recent sold market

Homes in Central Newmarket took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 59, across 33 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 43 days.

The median sale price was $769,000.

Homes sold for about 3.7% below asking on average, so there was room to negotiate.

About 30% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$769,000
Sale-to-list ratio
96.3%
Sold above asking
30%

Based on 33 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Newmarket (Central Newmarket)

Newmarket (Central Newmarket) has 24 Fraser Institute–rated schools (19 elementary and 5 secondary), averaging 6.3/10.

Rated schools
24
Elementary
19
Secondary
5
Average rating
6.3 / 10

Top-rated schools in Newmarket (Central Newmarket)

  • Bogart — elementary, NewmarketFraser rating 8.6/10
  • Newmarket — secondary, NewmarketFraser rating 8.5/10
  • Stuart Scott — elementary, NewmarketFraser rating 7.9/10
  • Rogers — elementary, NewmarketFraser rating 7.8/10
  • Sacred Heart — secondary, NewmarketFraser rating 7.2/10
  • Alexander Muir — elementary, NewmarketFraser rating 7.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 66 PROSPECT STREET