$1,080,000Asking Price
56 Millard Avenue, Newmarket, ON L3Y 1Y8
Central Newmarket, Newmarket
Exceptional income-generating opportunity in the heart of Newmarket! Spacious raised bungalow offering the potential to operate as three separate rental units, making it an outstanding investment property or ideal for buyers looking to live in one unit while generating strong rental income from the others. The main level features 4 bright bedrooms, an open-concept living and dining area, and a modern kitchen with walk-out to a private deck. The fully finished lower level includes a self-contained 2-bedroom apartment with separate entrance and private laundry, with layout flexibility that allows for multiple rental configurations. Fully renovated from top to bottom, inside and out, this property is move-in ready and perfectly suited for investors seeking multiple income streams. Located in a prime Newmarket location just minutes from Yonge Street, Upper Canada Mall, schools, parks, transit, and major highways. A rare opportunity to own a versatile property with excellent cash flow potential.
Exceptional income-generating opportunity in the heart of Newmarket! Spacious raised bungalow offering the potential to operate as three separate rental units, making it an outstanding investment property or ideal for buyers looking to live in one unit while generating strong rental income from the others. The main level features 4 bright bedrooms, an open-concept living and dining area, and a modern kitchen with walk-out to a private deck. The fully finished lower level includes a self-contained 2-bedroom apartment with separate entrance and private laundry, with layout flexibility that allows for multiple rental configurations. Fully renovated from top to bottom, inside and out, this property is move-in ready and perfectly suited for investors seeking multiple income streams. Located in a prime Newmarket location just minutes from Yonge Street, Upper Canada Mall, schools, parks, transit, and major highways. A rare opportunity to own a versatile property with excellent cash flow potential.
See MoreKey Info
- Bungalow Detached
- 6-Car Driveway
- No Garage
- Yonge Street & Davis Drive
- 1100-1500 Approximate Sq Feet
- Basement Apartment
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 60 x 125 Feet
- Taxes were $4,556 in 2026
- Possession: TBA
Details
- Fireplace
- Family Room
- Designation: Accessibility
- Sewers
- Municipal Water
- MLS #N12996086
- LSG REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | Laminate, Backsplash, Walkout To Yard | |
 | 1 2-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
How Far is Too Far?
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Who lives here?
Central Newmarket, Newmarket is a north GTA neighbourhood notable for its singles, renters and tradespeople. Residents tend to be older with a significant number of adults aged 25 to 34, 25 to 34 and 25 to 34 and seniors aged 65 to 79.
Families
Kids Per Family
1.0
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
49%
of residents are
single and loving it.
49% singles
Newmarket (42%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
36%
of residents
are renters.
36% renters
Newmarket (21%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
30%
of residents are
university grads.
30% university grads
Newmarket (37%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$103K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 15% |
| Business | 10% |
| Trades | 9% |
| Government | 8% |
| Management | 6% |
Immigrants
20%
of residents were
born outside of Canada.
20% immigrants
Newmarket (30%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
3.0% from UK
All-time
Birthplace - Recent
0.8% from Iran
Recent
Foreign Languages
Foreign Languages
| Persian | 2% |
| French | 1% |
| German | 1% |
| Russian | 1% |
| Italian | 1% |
Religions
Religions
| Christian | 62% |
| Hindu | 1% |
| Jewish | 1% |
| Muslim | 1% |
| Buddhist | 1% |
