$3,250,000
23.43 BTC
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589 Queen Street, Newmarket
$3,250,000
PRICE
14
BEDROOMS
9
BATHROOMS
N12164532
MLSID

589 Queen Street, Newmarket

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.
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Summary

Address
589 Queen Street
MLSID
N12164532
Property Type
Multiplex
Property Category
Bedrooms
14
Bathrooms
9
Kitchens
8
Zoning
R3-L, R4-M, ICBL
Taxes (Annual)
$11,289.49
Tax Year
2024
Published
May 22, 2025
Days on Market
32 Days
Possession Type
Flexible
Possession Details
30-60 Tbd
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Inclusions

8 Fridges, 8 Stoves, 1 Dishwasher, 1 Coin-Op Washer/Dryer, 1 Gas Boiler, 1 FAG Furnace, 3 HWT (2-Rental,1Owned)

Details

Property Features
Hospital, Public Transit
Parking Spaces
11
Parking Total
11
Architectural Style
3-Storey
Lot Size
15,271 SquareFeet
Lot Width
101 Feet
Lot Depth
165 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Other
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with MAIN STREET REALTY LTD.
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Appointment Date & Time
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Time
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