65 Millard Avenue, Newmarket

$849,900
65 Millard Avenue

$849,900

New
2d
DetachedBungalow

65 Millard Avenue, Newmarket

Total Monthly Obligation $4,295

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
2d
Score
16
Yield
3.9%
Cash on Cash
-8.0%
Cap Rate
2.9%
5Y IRR
9.3%
10Y IRR
9.7%
Property Type-Detached
MLS® Number-N14101144
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-59.27 × 120 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,902.71 (2025)
Parking-6 - Detached
Basement-Apartment, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER THE REAL ESTATE CENTRE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-30-90
Neighbourhood-Central Newmarket
Title-Residential Freehold

No agent assigned

Opportunity knocks in the heart of Newmarket. This 1955 detached bungalow sits on a 59-foot-wide lot and is set up as two self-contained units, ideal for owner-occupiers who want help with the mortgage, multi-generational families and investors alike. The upper level offers 2 bedrooms, with a large primary suite featuring a walk-in closet and ensuite bath, a kitchen remodelled in 2020, a spacious main bath, a rear sunroom addition and private laundry in a private lower level storage/utility space. The lower level unit has its own private entrance, 1 bedroom, updated bathroom, large above-grade windows and private laundry. The standout at this property is the large detached double-car garage (Tandem) with its own gas furnace, which makes for an ideal workshop, gym, or hobby space few neighbouring homes can match. A 200-amp main panel plus 100-amp subpanel, central air (condenser 2025) and a 2024 roof round out the updates. Set in a Major Transit Station Area, a short stroll to Yonge Street, Upper Canada Mall, Old Newmarket, Fairy Lake, schools, parks and the GO station. Walk to some of Newmarket's Fav events, like Summer Concert Series, Farmers market + much more. Lower level Tenants in place; showings by appointment with notice.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$4,295/mo
Mortgage $3,428
Monthly Loss $3,393
Principal$902
Interest$2,526
Property Tax$492
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.1%0
5-Year IRR
6.2%15
10-Year IRR
7.6%
Returns Index
8.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,784/yr
NOI
$19,103/yr
Net Cash Flow
-$1,836/mo
Cash Margin
-67.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 65 Millard Avenue

Time

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