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366-370 Penn Avenue S
Bristol-London Newmarket L3Y 2S9

$5,980,000 /For Sale
Commercial

Front view of corner property displaying yard
Photo 1: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
Photo 2: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
Photo 3: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
Photo 4: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
Photo 5: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
Photo 6: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
Photo 7: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
Photo 8: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
Photo 9: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N14137264
Bus Major:
Apts - 13 To 20 Units
Rarely offered 19-unit multifamily investment (mix of studio, 1- and 2-bedroom suites) located at 366-370 Penn Ave in the heart of Newmarket, Ontario, a location tenants want. Excellent investment property with lots of upside. This building features a modern stucco exterior, recently replaced windows, a new roof, freshly painted common areas, a master keyed lock system, an AI camera security system, fob-controlled intercom access and many updates throughout,. This building has been professionally managed and well cared for. All units show well and are spacious, with a great tenant base and no LTB issues. Southlake Hospital is only a 2-minute drive or under a 15-minute walk away. The Newmarket GO Station is a 5-minute walk or 2-minute drive and offers regular weekday service to Union Station, ideal for commuters. Upper Canada Mall, with its 250 stores and services, is a short drive away, and everyday shopping is close by. Public, private and Catholic schools are all nearby, making this a sought-after address for families. Easy access to Highway 404 connects you to the GTA and beyond. Walkable, transit-connected and close to a major employer in Southlake Hospital, this is the kind of location that keeps units full and demand strong. Walk-throughs begin Monday, November 9th at 10 am. Listing broker has an interest in the property. Contact listing broker for offering memorandum.
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
31-50
Total Area:
15468 sq. ft. Square Feet
Total Area:
15,468 sq. ft.
Lot Depth:
268'
Lot Frontage:
168'
Lot Shape:
Irregular
Bathrooms:
19.0
Water supply:
Municipal
Zoning:
Multi Residential
Heating type:
Water Radiators
Survey Available:
No
Garage:
None
Parking Spaces:
24
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$21,781 / 2025
Assessment:
$- / -
York
Newmarket
Bristol-London
Major Highway, Public Transit
No
Commerical Washing Machines
19 Fridges, 19Stoves, dishwashers and washing machines where installed.
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
No
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Major Business Type:
Apts - 13 To 20 Units
Category:
Apartment
Date Listed:
Nov 02, 2026
Original Price:
Previous Price:
  • Photo 1: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
    Front view of corner property displaying yard
  • Photo 2: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
    Areal showing proximity to hospital & amenities
  • Photo 3: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
    Updated Suite with in-suite laundry
  • Photo 4: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
    Large spacious rooms
  • Photo 5: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
    Spacious closets and bedrooms
  • Photo 6: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
    vintage kitchens updated with Quartz
  • Photo 7: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
    Updated kitchen with washer/dryer
  • Photo 8: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
    Updated Bathroom
  • Photo 9: 366-370 Penn Avenue S in Newmarket: Bristol-London Commercial for sale : MLS®# N14137264
    beautiful grounds and lots of parking
Listed by LEAF AND PALM REALTY CORP.
Data was last updated November 2, 2026 at 02:15 PM (UTC)
DARYL  KING
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1. Are apartment buildings a good investment?
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2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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