Living room with furniture, unknown for 56 Millard Ave, Newmarket Ontario L3Y 1Y8
4 days on Market

56 Millard Ave, Newmarket, Ontario L3Y 1Y8

Detached
5 + 4
3
~1100-1500 sqft
$1,080,000
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Detached
5 + 4
3
~1100-1500 sqft

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Highlights

Property Estimate

Days on market4 days

Estimated valueNot available

Price/Sqft$851/sqft

Monthly cost

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Description

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.


Property Details

StyleBungalow-Raised
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size7,500 SqFt(125 x 60)
Parking Spaces6
MLS ®NumberN12996086
Community NameNeighborhood of Newmarket
Data SourceTRREB
Listing byLSG REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Apartment, Sep Entrance

Main Floor

Living

0.0 x 0.0

Laminate / Combined W/Kitchen / Large Window

Kitchen

0.0 x 0.0

Laminate / Backsplash / W/O To Yard

Primary

0.0 x 0.0

Laminate / Closet

2nd Br

0.0 x 0.0

Laminate


Features

Lot size: 7,500 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property listed by LSG REALTY INC., Brokerage
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Market Data - Neighborhood of Newmarket

Geo Zone Map ThumbnailNeighborhood of Newmarket

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

27 days

Compared to

2025

17 days

2024

19 days

2023

18 days

New Listings

Past 30 days

113 listings

Compared to

2025

120 listings

2024

104 listings

2023

92 listings

Units sold

Past 30 days

40 units

Compared to

2025

29 units

2024

71 units

2023

80 units

Median Sold Price

Past 30 days

$1,100,000

Compared to

2025

$1,205,000

2024

$1,285,000

2023

$1,300,000


Population and Demographics

Overview

Total population 83920
Average household income $141,299

Age (%)

0 to 19
23%
20 to 34
18%
35 to 49
21%
50 to 64
23%
65 and plus
16%

Household composition (%)

Single family
75%
Single person
20%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
74%
Iranian Persian
5%
Mandarin
5%
Others
4%
Russian
3%
Yue (Cantonese)
3%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
75%
Renters
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget