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Investment signal

$1,348,800

719 SHANAHAN BOULEVARD

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Beds

8

Baths

7 full + 3 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Newmarket (Armitage). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to this beautifully maintained detached 4-bedroom, 3-bathroom family home in the heart of South Newmarket. Offering an impressive 3,141 sq ft above ground, this move-in ready home is in immaculate condition and has been exceptionally well cared for. Designed for comfortable family living, it features a bright and welcoming family room perfect for relaxing or entertaining, along with a dedicated main-floor office ideal for working from home. The double garage adds everyday convenience, and the spacious layout provides generously sized bedrooms and well-appointed bathrooms to accommodate a growing family.What truly sets this property apart are the two fully finished basement apartments. Each unit offers 2 bedrooms, 2 bathrooms, and its own ensuite laundry, ensuring privacy and independence for tenants or extended family. The strong rental income from these units can cover a significant portion of your mortgage, making this home not only a wonderful place to live but also a smart financial opportunity.If you're looking for a home that shows true pride of ownership and offers both comfort and income potential, this exceptional property delivers the perfect balance of lifestyle and long-term value. (id:65958)

Subtype
Single Family
Structure
House
Community
Armitage
Common interest
Freehold
Lot dimensions
50 x 110 FT ; Private
Bedrooms
4 above grade, 4 below grade
Parking
4 total
Stories
2
Fireplace
Yes
On market
Mar 5, 2026
Status changed
Apr 23, 2026
Annual tax
$6,669
Zoning
Res
Photos
50
MLS#
N12848950
Area
NEWMARKET_(ARMITAGE)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedApartment in basementSeparate entranceN/AN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveOvenDryerMicrowaveCooktop

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

HardwoodCarpetedCeramic

Foundation

Poured Concrete

Lot

Level lot
Negative cash flow ~$1,439/mo at these assumptions

Cash on cash

-6.40%

Cap rate

3.58%

GRM

16.7

Break-even rent

$8,265

Financing

Down payment$269,760
Loan amount$1,079,040
Mortgage$5,467/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$618
Insurance$80
Maintenance$1,124
CapEx reserve$562
Vacancy loss$338

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $5,467/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.

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