53 Wilstead Drive
$885,000
Features
Location
Description
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!
Overview
Property Details
Occupant Type:
Vacant
Basement:
Apartment
Lot Size:
61.92 X 112.07 Feet
Pool Features:
None
Property Features:
Fenced Yard, Hospital, Library, Public Transit, School, School Bus Route
Amenities & Features
- Swimming Pool
Location
Nearby Schools
Source: Schools information and student demographics
For further information and school ranking visit Fraser Institution and EQAO.
| Green | Yellow | Orange | Red | |
| Average student achievements (out of 100%) | 100-76 | 75-60 | 60-40 | 40-0 |
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All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
Data is provided courtesy of PropTx.
Disclaimer: The property is not necessarily in the boundary of the schools shown above. This map indicates the closest primary and secondary schools. This tool is designed to provide the viewer an overview of the ratings of nearby public schools, and does not suggest association to school boundaries. To view all schools and boundaries please visit the respective district school board’s website.
Book a Showing
Farshid Ghodsian-Zadeh
REALTOR®- (416) 939-9571
- farshid.ghodsianzadeh@century21.ca
