366-370 Penn Avenue S, Newmarket, ON L3Y 2S9
Bristol-London, Newmarket · Near Penn Ave and Vincent St · View map
About this home
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.
The home
- Type
- Investment
- Square footage
- 15468 sq ft
- Bathrooms
- 19
- Lot size
- 168 x 268 ft
- Approximate age
- 31-50 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Water Radiators
Garage & parking
- Driveway spaces
- 24
- Total parking
- 24
Taxes & other
- Property taxes
- $21,781/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- Penn Ave and Vincent St
- Neighbourhood
- Bristol-London
More
- MLS® number
- N14137264
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
366-370 Penn Avenue, Newmarket, ON L3Y 2S9
Bristol-London, Newmarket · Near Penn Ave and Vincent St
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Listing history for 366-370 Penn Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 366-370 Penn Avenue S
Answers come straight from this home’s MLS® listing.
How much is 366-370 Penn Avenue S listed for, and what would it cost each month?
366-370 Penn Avenue S is listed for $5,980,000. With 20% down ($1,196,000), the mortgage payment would be roughly $24,122 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $25,937 a month, all in. That figure is an illustration, not a quote.
Is 366-370 Penn Avenue S freehold or a condo, and is there a monthly fee?
366-370 Penn Avenue S is a investment in Bristol-London, Newmarket. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 366-370 Penn Avenue S have a garage and parking?
The listing does not show a garage. The driveway adds 24 spaces. In total the listing counts 24 parking spaces.
What style of home is 366-370 Penn Avenue S?
366-370 Penn Avenue S is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 366-370 Penn Avenue S, and what is the lot size?
The lot is listed as 168 x 268 ft.
How is 366-370 Penn Avenue S heated and cooled?
Heating is water radiators. The listing does not show air conditioning.
What are the property taxes for 366-370 Penn Avenue S?
Property taxes are $21,781 a year (2025), or about $1,815 a month.
Where is 366-370 Penn Avenue S?
366-370 Penn Avenue S is in the Bristol-London community of Newmarket. The nearest main intersection is Penn Ave and Vincent St. The postal code is L3Y 2S9.
Is 366-370 Penn Avenue S still for sale?
Yes. It is an active listing (MLS® N14137264). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 366-370 Penn Avenue S asking?
Similar properties for sale nearby right now include 30-32 Main Street S at $6,199,999 and 171 Main Street S at $4,899,800. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 366-370 Penn Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 366-370 Penn Avenue S?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Courtesy of: LEAF AND PALM REALTY CORP.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.