48 Prospect Street, Unit A&B, Newmarket, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of Central Newmarket. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,500,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 66 x 148 ft lot size
- Convenient lane garage included
- equipped with no central cooling and highly efficient none heating
Description
This industrial space offers a rare combination of functionality, flexibility, and efficiency, making it an outstanding opportunity for businesses seeking well-appointed industrial premises. Featuring an impressive 18-foot clear ceiling height, the unit provides generous vertical space to accommodate racking systems, production equipment, or storage requirements with ease. The property is equipped with updated electrical service, supporting a range of light to medium industrial operations. Two convenient drive-in shipping doors allow for seamless loading and unloading, enhancing operational flow and logistics efficiency. In addition to the expansive industrial area, the unit includes a practical office component, ideal for administrative functions, client meetings, or management oversight while maintaining clear separation from the warehouse floor. The open and adaptable layout is well-suited for manufacturing, warehousing, assembly, distribution, and related industrial uses. Strategically designed for productivity and scalability, this space offers businesses the infrastructure needed to operate efficiently and grow confidently. Please note that automotive repair and mechanic shop uses are not permitted. A detailed list of approved uses is available in the attached documentation. Pictures cleaned with AI
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Property Summary
This industrial located at 48 Prospect Street, Newmarket is currently for sale and has been available on SousaSells for 1 day. This property is listed at $2,500,000 with an estimated mortgage of $8,322* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 48 Prospect Street, Newmarket is in the Central Newmarket neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Central Newmarket, Newmarket.
- •Desirable Industrial architecture in Central Newmarket, Newmarket
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- No
Community Features
- Public Transit
Property History
No historical data available for this property.
This could be the first listing for this address.
Frequently Asked Questions about 48 Prospect Street, Unit A&B, Newmarket, ON
Q.What is the asking price for 48 Prospect Street, Unit A&B, Newmarket, ON ?
The current listing price for 48 Prospect Street, Unit A&B, Newmarket, ON in Central Newmarket, Newmarket is $2,500,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and null bathrooms.
Q.What property type and architectural style is 48 Prospect Street, Unit A&B, Newmarket, ON ?
48 Prospect Street, Unit A&B, Newmarket, ON is a Industrial () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Public Transit.
Q.What security features are installed at 48 Prospect Street, Unit A&B, Newmarket, ON ?
Security features include: No.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via No.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Central Newmarket, Newmarket
24 assaults (109.1/100k)
13 B&E (59.1/100k)
18 thefts (81.8/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 48 Prospect Street A&B, Newmarket, ON L3Y 3S9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Newmarket, ON
For a property listed at $2,500,000 in Newmarket, the legal minimum down payment is $500,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $48,975 for this transaction. As this listing is in Newmarket (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $48,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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