9
See all 9 photos
$5,980,000
Est. payment /mo
18 Baths
15,468 SqFt
New
366-370 Penn AVE S Newmarket, ON L3Y 2S9
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 15,468 sqft
Price per Sqft $386
Subdivision Bristol-London
MLS Listing ID N14137264
Annual Tax Amount $21,781
Tax Year 2025
Lot Size 0.540 Acres
Property Sub-Type Investment
Property 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.
Location
Province ON
County York
Area York
Interior
Cooling No
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 168.0
Lot Depth 268.0
Building
Building Age 31-50
Others
Security Features No
ParcelsYN No
Listed by LEAF AND PALM REALTY CORP.
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