Exceptional income-generating opportunity in the heart of Newmarket! Spacious raised bungalow offering the potential to operate as two separate rental units as well as a legal basement, 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.
Address
56 Millard Avenue
List Price
$1,080,000
MLS® Status
New
Expiration Date
2026-07-01
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow-Raised
Transaction Type
Sale
Area
Newmarket
Sub-Area
Central Newmarket
Region
York
Bedrooms
5 + 4
Bedrooms (Total)
9
Rooms Above Grade
3
Rooms Below Grade
2
Bathrooms
3
Floor Area
1100-1500 Sq. Ft.
Lot Depth
125
Lot Size Units
Feet
Lot Width
60
Parcel Number
036010149
Occupant Type
Tenant
Cross Street
Yonge Street & Davis Drive
MLS® Number
N12996086
Listing Brokerage
LSG REALTY INC.
Basement Area
Apartment, Separate Entrance, Finished, Walk-Up
Postal Code
L3Y 1Y8
Posession Details
TBA
Parking
Available
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$4,556.00
Tax Year
2026
Interior Features
Carpet Free, Water Heater
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Accessibility
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Stucco (Plaster)
Direction Faces
South
Fireplace
Yes
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Pool Features
None
Roof
Shingles
Tax Legal Description
Plan 430 Lot 63 Newmarket
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Kitchen | Backsplash, Laminate, W/O To Yard | |
| Main | Living Room | Combined w/Kitchen, Laminate, Large Window | |
| Main | Primary Bedroom | Closet, Laminate | |
| Main | Bedroom 2 | Laminate | |
| Main | Bedroom 3 | Laminate | |
| Basement | Living Room | Combined w/Kitchen, Laminate | |
| Basement | Kitchen | Combined w/Living, Laminate | |
| Basement | Bedroom 4 | Laminate | |
| Basement | Bedroom 5 | Laminate | |
| Main | Bedroom 4 |