589 Queen Street, Newmarket, ON L3Y 2H8, Newmarket, ON
Bed 14
Bath 9
Welcome to 589 Queen St and Historic 75 Prospect St. Two legal fourplexes Offering a total of 8 fully tenanted suites! Situated in an exceptional Newmarket location, this unique investment opportunity features two well-maintained multi-residential buildings on one lot. Enjoy unbeatable proximity to Historic Downtown Newmarket, where you'll find charming restaurants, patios, bars, year-round entertainment, Fairy Lake Park, boutique shopping, and more.Commuters will appreciate the easy access to public transit, the GO Train, Highway 404, and nearby amenities including schools and Southlake Regional Health Centre. 8 Total Units: One 3-Bedroom, Four 2-Bedroom, One 1-Bedroom, and Two Bachelor Suites. 11 surface parking spaces on two driveways. Dual road frontage for added convenience. Stable tenancies and consistently well maintained. Long-term growth potential, easy-to-manage asset in a high-demand area.
Property Highlights
For Sale
MLS NO.
N12164532
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
14
Bathrooms
9
Parking
11.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
N12164532
Living Area Range
5000 +
Total Bedrooms
14
Bedrooms Above Grade
14
Total Bathrooms
9
Total Kitchens
8
Kitchens Above Grade
8
Rooms Above Grade
23
Interior Features
Other
Fireplace
Yes
Central Vacuum Yn
No
Construction
Brick
Roof
Asphalt Shingle
Lot Width
100.66
Lot Size
15271.0
Lot Size Units
SquareFeet
Parking Total
11.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
North
Cooling
Other
Heat Source
Gas
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
589 Queen Street, Newmarket, ON L3Y 2H8
City
Newmarket
Neighbourhood
Gorham-College Manor
County / Region
York
Province / State
ON
Postal Code
L3Y 2H8
Cross Street
Davis Dr / Prospect St
Directions
Davis Dr / Prospect St
Country
CA
List Price
$3,250,000
Annual Taxes
$11,289
Tax Year
2024
Legal Description
PT LT 67 PL 125 NEWMARKET; LT 69 PL 125 NEWMARKET AS IN R372087 ; NEWMARKET
Possession Type
Flexible
Possession Details
30-60 TBD
Listing Office
MAIN STREET REALTY LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2025-05-22T11:19:51Z
Media Updated
2025-06-10T11:58:27Z
Photos Updated
2025-05-23T14:20:10Z
Last Modified
2025-07-23T05:15:48Z
System Modified
2025-10-12T09:56:42.632006Z
MLS Status
Expired
Architectural Style
3-Storey
Basement
Unfinished
Ddfyn
Yes
Expiration Date
2025-07-22
Foundation Details
Stone, Concrete
Heat Source Multi
Gas
Heat Type Multi
Other
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
036100048
Parking Spaces
11
Property Features
Hospital, Public Transit
Public Remarks
Welcome to 589 Queen St and Historic 75 Prospect St. Two legal fourplexes Offering a total of 8 fully tenanted suites! Situated in an exceptional Newmarket location, this unique investment opportunity features two well-maintained multi-residential buildings on one lot. Enjoy unbeatable proximity to Historic Downtown Newmarket, where you'll find charming restaurants, patios, bars, year-round entertainment, Fairy Lake Park, boutique shopping, and more.Commuters will appreciate the easy access to public transit, the GO Train, Highway 404, and nearby amenities including schools and Southlake Regional Health Centre. 8 Total Units: One 3-Bedroom, Four 2-Bedroom, One 1-Bedroom, and Two Bachelor Suites. 11 surface parking spaces on two driveways. Dual road frontage for added convenience. Stable tenancies and consistently well maintained. Long-term growth potential, easy-to-manage asset in a high-demand area.
