66 Prospect Street, Newmarket, ON L3Y 3S9
Central Newmarket, Newmarket · Near Prospect & Davis · View map
About this home
Exceptional Investment Opportunity in the Heart of Newmarket with Future Development Potential! Rare opportunity to acquire a unique income-producing property comprising a legal triplex at 64-66 Prospect Street together with a charming detached 2-bedroom bungalow at the rear, municipally known as 567 Granby Place, all included in the purchase price. The main building features three units, including commercial office space on the ground floor and two residential apartments above, offering a versatile mix of commercial and residential income streams. With two units currently occupied and two vacant, investors can benefit from existing rental income while taking advantage of immediate leasing opportunities, with a combined potential rental income of approximately $9,000 per month ($108,000 annually), subject to market conditions. Ideally positioned just steps from Southlake Health (formerly Southlake Regional Health Centre) , historic Downtown Newmarket, Main Street's vibrant shops and restaurants, public transit, and the GO Train. Surrounded by ongoing neighbourhood growth and redevelopment activity, this property presents exciting long-term possibilities for investors, developers, and those seeking to expand their real estate portfolios. Multiple income streams offer diversification and attractive investment flexibility. Enjoy the benefits of immediate income potential, a highly desirable central location, and possible future redevelopment or intensification opportunities, subject to municipal approvals and buyer's independent due diligence. A rare opportunity to invest today while positioning yourself for tomorrow's growth!
The home
- Type
- Multiplex
- Style
- 2 1/2 Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 6
- Bathrooms
- 5
- Kitchens
- 4
- Rooms
- 11
- Basement
- Separate Entrance
- Lot size
- 70 x 147 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Wall Unit(s)
- Fireplace
- No
Garage & parking
- Driveway spaces
- 8
- Total parking
- 8
- Parking features
- Private
Taxes & other
- Property taxes
- $13,000/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Imm / 30 Days
- Cross street
- Prospect & Davis
- Neighbourhood
- Central Newmarket
More
- Price per sq ft
- ~$424 (at 4,250 sq ft)
- MLS® number
- N13882840
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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.
66 Prospect Street, Newmarket, ON L3Y 3S9
Central Newmarket, Newmarket · Near Prospect & Davis
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Listing history for 66 Prospect Street
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 66 Prospect Street
Answers come straight from this home’s MLS® listing.
How much is 66 Prospect Street listed for, and what would it cost each month?
66 Prospect Street is listed for $1,800,000. With 20% down ($360,000), the mortgage payment would be roughly $7,261 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,344 a month, all in. That figure is an illustration, not a quote.
Is 66 Prospect Street freehold or a condo, and is there a monthly fee?
66 Prospect Street is a multiplex in Central Newmarket, 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.
How many bedrooms and bathrooms does 66 Prospect Street have?
66 Prospect Street has 6 bedrooms and 5 bathrooms. The listing gives the style as 2 1/2 storey.
Does 66 Prospect Street have a garage and parking?
The listing does not show a garage. The driveway adds 8 spaces. In total the listing counts 8 parking spaces.
Does 66 Prospect Street have a finished basement?
The listing describes the basement as separate entrance. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 66 Prospect Street?
66 Prospect Street is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 66 Prospect Street, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 70 x 147 ft.
How is 66 Prospect Street heated and cooled?
Heating is forced air (gas). Cooling is wall unit(s).
What are the property taxes for 66 Prospect Street?
Property taxes are $13,000 a year (2026), or about $1,083 a month.
Where is 66 Prospect Street?
66 Prospect Street is in the Central Newmarket community of Newmarket. The nearest main intersection is Prospect & Davis. The postal code is L3Y 3S9.
Is 66 Prospect Street still for sale?
Yes. It is an active listing (MLS® N13882840). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 66 Prospect Street asking?
Similar properties for sale nearby right now include 379 Simcoe Street at $1,550,000 (9 bed), 296 Eagle Street at $1,645,000 (3 bed) and 236 Stanley Street at $1,299,500 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 66 Prospect Street 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 66 Prospect Street?
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.
Similar properties nearby
More properties for sale near Central Newmarket, picked by style, size and price.
Multiplex$1,550,000379 Simcoe Street, Newmarket9 bed · 5 bath · Central NewmarketCourtesy of: COLDWELL BANKER THE REAL ESTATE CENTREView home →
Detached home$1,645,000296 Eagle Street, Newmarket3 bed · 3 bath · Central NewmarketCourtesy of: COLDWELL BANKER THE REAL ESTATE CENTREView home →
Detached home$1,299,500236 Stanley Street, Newmarket3 bed · 4 bath · Central NewmarketCourtesy of: Royal LePage Royal City RealtyView home →Courtesy of: REMAX YOUR COMMUNITY REALTY
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.