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53 WILSTEAD DRIVE, Newmarket (Central Newmarket) — listed at $885,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome To 53 Wilstead Dr., A Spacious 3+3 Bedroom Detached Bungalow In The Heart Of Newmarket, Offering Incredible Income Potential. Situated On A Large 62' Lot, This Home Features Two Separate Units, Making It Ideal For Multi-Generational Living Or Savvy Investors. The Main Floor Boasts 3 Bright Bedrooms, An Open-Concept Living And Dining Area And A Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove. The Lower Level Offers An Additional 3 Bedrooms, A Full, Recently Renovated Kitchen With Brand New Appliances, Including A Fridge And Stove, And A Common Front Entrance - Perfect For Rental Income Or An In-Law Suite. The Upstairs Unit Has The Potential To Generate Approximately $2,500/Month In Rental Income, While The Basement Unit Could Generate Approximately $2,000/Month, Providing Strong Cash Flow Opportunities For Investors. Located In A Strategic Area Surrounded By Residential, Institutional, And Commercial Uses, This Property Offers Potential Future Redevelopment Opportunities, Subject To Municipal Approvals And Buyer Due Diligence. For Added Value, There Is Also Potential For A Third Income-Generating Suite In The Double Garage, Which Is Separately Heated With A Gas Heater, Features An Approximate 10-Foot Ceiling Height, And Provides An Ideal Space For A Personal Workshop, Studio, Or Additional Workspace, Further Enhancing The Property's Investment Opportunities. Surrounded By Mature Trees And Offering Ample Parking Space, This Property Is Conveniently Located In A Top-Rated High School District, Walking Distance To Upper Canada Mall, Southlake Hospital, Rapid YRT Transit, Schools, GO Transit, And All Major Amenities. Vendor Take Back Financing May Be Available Through The Seller. Don't Miss Out On This Rare Opportunity - Book Your Showing Today! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 3.12 x 3.102 meters |
| Bedroom 3 | Basement | 3.58 x 2.55 meters |
| Living room | Basement | 4.34 x 3.51 meters |
| Living room | Main level | 4.04 x 3.73 meters |
| Dining room | Main level | 3.18 x 3.09 meters |
| Primary Bedroom | Main level | 3.75 x 2.93 meters |
| Bedroom 2 | Main level | 3.87 x 2.82 meters |
| Bedroom 3 | Main level | 2.65 x 2.83 meters |
| Kitchen | Basement | 3.65 x 2.76 meters |
| Eating area | Basement | 2.21 x 1.37 meters |
| Primary Bedroom | Basement | 3.63 x 2.97 meters |
| Bedroom 2 | Basement | 3.11 x 2.55 meters |
Is 53 WILSTEAD DRIVE a good fit for a growing family?+
With 6 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
What's the parking situation?+
This property includes 7 spaces — Detached Garage, Garage.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Newmarket (Central Newmarket) before counting on it.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,966, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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