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 window...s, 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.
Full Property Details
General
Business Type
Apts - 13 To 20 Units
Total Area
15468.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Apts - 13 To 20 Units
Total Area
15468.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
19
Heating Fuel
Water Radiators
Air Conditioning
No
Washrooms
19
Heating Fuel
Water Radiators
Air Conditioning
No
Exterior
Depth
268.0
Front
168.0
Lot Size
168 x 268.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
Multi Residential
Depth
268.0
Front
168.0
Lot Size
168 x 268.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
Multi Residential
Building Description
Home Type
Commercial
Subtype
Investment
Year Built
31-50
Sewers
San+Storm
Water Supply
Municipal
Possession Date
12/1/2026
Home Type
Commercial
Subtype
Investment
Year Built
31-50
Sewers
San+Storm
Water Supply
Municipal
Possession Date
12/1/2026
Community
Community
Bristol-London
Community
Bristol-London
Taxes & Fees
Taxes
$21,781 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$21,781 /yr
Tax Year
2025
Occupancy
Tenant
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