The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
PRICED TO SELL !! Rare Multi-Use Investment Opportunity in Prime York Region. Unlock the potential of this unique income-generating property located in a high-traffic, high-demand area of York Region. A true multi-stream investment with diverse uses and solid upside:7-Bay Coin Car Wash - Includes 2 oversized truck bays for increased revenue. Leased Laundromat - Stable income with hands-off management. Leased Restaurant Unit - Long-term commercial tenant in place5 Residential Apartments - Fully rented 1-bedroom units. Auto Detailing & Storage Bays - Great opportunity for additional passive income. This property offers a rare mix of residential and commercial revenue streams, with room for someone to come in, refresh the site, and elevate it. A little vision could go a long way. Strategically located near major routes, commercial activity, and residential neighbourhoods - an ideal setup for seasoned investors or business-minded buyers especially with future possibilities of growth. Seller is motivated - serious inquiries only, with proof of financial capability. Don't miss your chance to acquire this one-of-a-kind asset
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Age Groups
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Owners vs Renters
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What’s NearbyDistances approximate
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Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$10,785/mo
Mortgage (principal + interest)$9,352
Property taxFrom listing: $17,206/yr$1,434
Minimum 20% ($499,960 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$499,960
Ontario land transfer taxProvincial brackets, no first-time refund$48,970
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$551,730
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Newmarket has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
