Discover this beautifully renovated 3+1 bedroom home, complete with a fully legal basement apartment (ADU Registration No. 2016-0013)-registered with the Town of Newmarket. This exceptional property effortlessly combines modern comfort with incredible investment potential, making it a perfect fit for first-time buyers or savvy investors seeking strong rental income. Enjoy potential rental income of $4,600/month plus utilities (Main Floor: $2,900 and Basement Unit: $1,700). The bright, open-concept main floor features engineered hardwood flooring, pot lights throughout, and its own private laundry-offering both comfort and convenience. The modern kitchen boasts quartz countertops and backsplash, soft-close cabinetry, and a brand-new appliance set- designed for both style and functionality. The spacious legal basement unit includes a separate entrance, brand-new kitchen, private laundry, washroom, large living area, bedroom, and a den-ideal for rental income or extended family. Additional highlights include: Extended driveway with parking for up to 4 vehicles, Elegant sandstone Patio in the front yard, Backyard with a spacious deck and a custom-built 5' x 9.5' shed-perfect for storage or a creative workspace. Situated just steps from Upper Canada Mall, Newmarket GO Station, Tim Hortons, Costco, and Walmart, and only minutes to Highways 404 and 400. You'll also enjoy the vibrant shops, dining, and community charm of Main Street Newmarket. Don't miss this opportunity to own a stylish, versatile home in one of Newmarket's most sought-after neighborhoods!
Address
276 Penn Avenue
List Price
$939,900
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
Bungalow
Area
Newmarket
Sub-Area
Bristol-London
County
York
Bedrooms
3 + 1
Bathrooms
2
Floor Area
700 - 1100 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
95
Lot Size Units
Feet
Lot Width
32.5
MLS® Number
N12229101
Listing Brokerage
HOMELIFE/MIRACLE REALTY LTD
Basement Area
Finished, Separate Entrance
Postal Code
L3Y 2S6
Parking
Available, Front Yard Parking
Parking Places (Total)
4
Tax Amount
$4,313.50
Tax Year
2025
Interior Features
Accessory Apartment, Carpet Free, In-Law Suite, Primary Bedroom - Main Floor, Water Heater
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
West
Foundation Details
Concrete
Garage Type
None
Kitchens Total
2
Pool Features
None
Roof
Asphalt Shingle
Sewer
Sewer