Selling

589 Queen Street, Newmarket, ON L3Y 2H8

$3,250,000

  • Jun 16, 2025
  • Newmarket, Ontario

Description
Welcome to 589 Queen St and Historic 75 Prospect St. Two legal fourplexes Offering a total of 8 fully tenanted suites! Situated in an exceptional Newmarket location, this unique investment opportunity features two well-maintained multi-residential buildings on one lot. Enjoy unbeatable proximity to Historic Downtown Newmarket, where you'll find charming restaurants, patios, bars, year-round entertainment, Fairy Lake Park, boutique shopping, and more.Commuters will appreciate the easy access to public transit, the GO Train, Highway 404, and nearby amenities including schools and Southlake Regional Health Centre. 8 Total Units: One 3-Bedroom, Four 2-Bedroom, One 1-Bedroom, and Two Bachelor Suites. 11 surface parking spaces on two driveways. Dual road frontage for added convenience. Stable tenancies and consistently well maintained. Long-term growth potential, easy-to-manage asset in a high-demand area.
Overview
MLS ID: N12164532
Type: Others
Bedrooms: 14
Bathrooms: 9
Price: $3,250,000
PropertyType: Residential Freehold
TransactionType: For Sale
BuildingAreaUnits: Square Feet
Cooling: Other
Heating: Other
ParkingFeatures: None
YearBuilt: Unknown
TaxAnnualAmount: 11289.49
PossessionDetails: 30-60 TBD
Map
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