For Lease · Multifamily

MAIN FLOOR - 443 ONTARIO STREET, Newmarket (Central Newmarket)

MAIN FLOOR - 443 ONTARIO STREET, Newmarket (Central Newmarket), ON L3Y2K6

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

93%

About this property

Welcome to this beautifully renovated main floor unit in the heart of Newmarket, offering modern living just steps from it all. Fully updated in 2026, this bright and stylish space features new vinyl flooring, a brand new kitchen with quartz countertops, updated light fixtures, and fresh paint throughout-delivering a clean, contemporary feel from top to bottom. The unit offers 2 well-appointed bedrooms and a fully renovated 3-piece bathroom, along with a sun-filled living area highlighted by a charming bay window. Enjoy the convenience of a private rear entrance with mudroom, access and use of the backyard, and parking for up to 3 vehicles. EV charging is also available.Situated in an unbeatable location, you're just steps to historic Main Street Newmarket, filled with shops, restaurants, and vibrant local charm. Walk to the GO Station, Fairy Lake Park, and All Our Kids PlayPark, or enjoy a short drive to Upper Canada Mall, Southlake Health Hospital, and Highway 404. Nearby amenities also include the Newmarket Recreation Youth Centre, telMAX Indoor Skate Park, and the Seniors' Meeting Place.A rare opportunity to lease a fully upgraded unit in one of Newmarket's most desirable and walkable neighbourhoods. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

75,533

Households

27,907

Median income

$69,500

Median age

38.5

Daytime population

74,157

5-yr growth

8.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for MAIN FLOOR - 443 ONTARIO STREET, Newmarket (Central Newmarket).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.