







1/9B - 487 EAGLE STREET, Newmarket (Central Newmarket), ON L3Y1K7
Price on request
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA9 — High Rise
$ / SF
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Occupancy
93%
Situated in one of central Newmarket's most established and family-friendly residential pockets, 487 Eagle Street offers convenient living with everything the town has to offer just minutes away. This bright, second-floor 2-bedroom, 1-bathroom unit occupies the top floor of the building and features a spacious private balcony with direct walk-out access from the kitchen - the perfect spot to enjoy your morning coffee or unwind outdoors. Fitness and recreation are practically at your doorstep, with the Ray Twinney Recreation Complex offering an arena, pool, and fitness facilities. Historic Main Street Newmarket is just a short trip away, featuring charming heritage storefronts, independent restaurants, cafes, and pubs. Enjoy the outdoors at nearby Fairy Lake Park and along the scenic Tom Taylor Trail, while Riverwalk Commons hosts community events, markets, and seasonal festivities throughout the year. Everyday convenience is covered with Upper Canada Mall, grocery stores, restaurants, and a wide range of retail options just a short drive away. Commuters and healthcare professionals will appreciate the proximity to Southlake Regional Health Centre, Newmarket GO Station, and Viva rapid transit, with quick access to Highway 404 for an easy commute throughout York Region and the GTA. Complete with one dedicated parking space, this is a fantastic opportunity to enjoy comfortable living in a convenient and well-connected Newmarket location. (id:66811)
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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.
Trade area within 3 miles of the property.
Population
118,890
Households
41,769
Median income
$68,500
Median age
41
Daytime population
189,308
5-yr growth
2.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for B - 487 EAGLE STREET, Newmarket (Central Newmarket).
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.