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Bristol-London, Newmarket
$1,229,000
Exceptional opportunity to own a newly renovated, spacious home in Newmarket with excellent income potential! Offering over 3,000 sq. ft. of above-grade living space, this impressive property features 5+2 bedrooms, 1+1 kitchens, 1+1 laundry rooms, and a bright skylight that fills the home with natural light. The lower unit has a separate entrance, providing privacy and convenience for tenants or extended family. Currently generating $5,300/month in combined rental income from the upper and lower units. Perfect for a buyer looking to live comfortably in the upper unit while leasing the lower unit to help offset mortgage and ownership costs, or an investor seeking a strong income-producing property. Newly renovated, spacious, versatile, and move-in ready - a rare opportunity that combines comfortable living with outstanding investment potential!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3000-3500 sq. ft. |
| Property Tax | $7,204 |
| Lot Size | 68.86 ft x 142 ft |
| mls© Number | W13731918 |
| Listed By | HOMECOMFORT REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,291
- Property tax
- $600
- Heat allowance
- $150
- Housing costs
- $7,041 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$217,000
gross annual household income
- Payment at 4%
- $5,172 / mo
- Cash down
- $245,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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