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169 PENN AVENUE, Newmarket (Bristol-London) — listed at $749,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Fantastic Investment Opportunity * 3+2 Bedroom * Legal Registered Basement * 1 Min Walk To Davis Drive & Transit * A Fantastic Opportunity For Investors, First-time Buyers & Extended Families * This bright & Charming Well-Maintained Bungalow Offers A Versatile Layout * Multiple Income Opportunities * The Main Floor Features 3 Spacious Bedrooms * Living Room W/ A Large Bay Window, Dining & A Well-Appointed Kitchen * Finished basement Offers 2 Separate Registered Units Each W/ Its Own Bedroom, Kitchen & Washroom * This Is An Outstanding Feature For Investors Looking To Generate Rental Income * Outside Enjoy A Private Backyard W/ Mature Trees & A Great Space For Relaxing & Entertaining * Location A Major Highlight W/ Walking Distance To Davis Drive & Public Transit & Conveniently Close To Schools, Parks, Grocery Stores, Shopping, Restaurants & Upper Canada Mall * Enjoy Easy Access To Major Roads, Main Street Newmarket & Fairy Lake Newmarket * Don't miss this unique investment opportunity! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 3.57 x 3.52 meters |
| Dining room | Main level | 3.57 x 2.68 meters |
| Living room | Main level | 3.97 x 3.37 meters |
| Primary Bedroom | Ground level | 3.8 x 2.92 meters |
| Bedroom 2 | Ground level | 3.67 x 2.43 meters |
| Bedroom 3 | Ground level | 2.8 x 2.71 meters |
| Kitchen | Basement | 4.38 x 2.87 meters |
| Living room | Basement | 4.72 x 3.27 meters |
| Bedroom 4 | Basement | 5.51 x 3.32 meters |
| Bedroom 5 | Basement | 3.03 x 2.82 meters |
What's the parking situation?+
This property includes 4 spaces — No Garage.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, Separate entrance, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is 169 PENN AVENUE a good fit for a growing family?+
With 5 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,816, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, N/A, 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 (Bristol-London) before counting on it.
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