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443 Timothy Street
Central Newmarket Newmarket L3Y 1P7

$2,950,000 /For Sale
Commercial

443 Timothy St Front View 1
Photo 1: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 2: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 3: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 4: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 5: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 6: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 7: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 8: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 9: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 10: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 11: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 12: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 13: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 14: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Photo 15: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N12527048
Bus Major:
Apts - 6 To 12 Units
Rare offering for investors, for those looking to retire with an income, and for families. This 7 year old extremely well maintained new build multi-residential property sits on one of Newmarket's Prime Locations, Mature Trees & Quiet Streets. This Large Property has generous parking for 15 cars, a designated BBQ area with picnic table under decades old shade trees to enjoy the seasons. The building has 2 units per floor while the basement is fully finished with a central laundry room plus 2 residential units boasting large above ground windows. All units have front & rear door entry. The fire inspections are up to date. Three of the units have stair chair lift ability on the units rear access. Each unit has its own furnace & central air conditioning unit with individual thermostat controls, its own 40 gallon gas fired hot water tank, individual hydro & gas meters etc. Full Sprinklers in each unit & a fire extinguisher on each floor. Security System & Cameras on Site. Access to the units is remote & visual. The Location is Prime. Minutes to walk to Designated Historic Downtown Newmarket, Fairy Lake Park, Year Round Cultural & Community Events & Concerts & a Seasonal Farmer's Market. Minutes to walk to enjoy the many Restaurants, Patios & Pubs, Shops and so much more... Steps to Public Transit. Immediate Accessibility to Go Train, Schools, Public Library, Professionals, Southlake Regional Health Centre etc. Ideal for 'Downsizers' not wanting a Retirement Home room but a unit in their building with income. Great Opportunity for Immigrants moving to Canada with additional family members...each have their own unit + income from additional units. Must be seen...**EXTRAS** 6 fridges, 6 stoves, 6 B/I dishwashers, 6 air conditioners, 6x40 gallon gas water heaters, 6 forced air gas furnaces.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
6-15
Total Area:
10086 sq. ft. Square Feet
Total Area:
10,085.77 sq. ft.
Lot Depth:
123'9"
Lot Frontage:
78'2"
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
R5-S
Heating type:
Gas Forced Air Closed
Garage:
Outside/Surface
Parking Spaces:
15
Possession Details:
TBA
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$12,599 / 2025
Assessment:
$- / -
York
Newmarket
Central Newmarket
Public Transit, Recreation/Community Centre
Yes
All mechanicals in building, all elfs, all window coverings, washer & dryer
None
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Outside Storage:
No
Date Listed:
Nov 09, 2025
Original Price:
Previous Price:
  • Photo 1: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    443 Timothy St Front View 1
  • Photo 2: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    443 Timothy St Front View 2
  • Photo 3: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Aerial View of Large Lot for 15 cars
  • Photo 4: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    View from rear of parking lot
  • Photo 5: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Stairwell
  • Photo 6: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Kitchen
  • Photo 7: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Kitchen View 2
  • Photo 8: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Photo 8 of 15
  • Photo 9: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Laundry Room in Lower Level
  • Photo 10: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Hallway Fire Extinguisher - one on every floor
  • Photo 11: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Washroom with shower + tub
  • Photo 12: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Individual Gas Meters
  • Photo 13: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Individual A-C Units
  • Photo 14: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Electrical Panel with Individual Meters
  • Photo 15: 443 Timothy Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12527048
    Individual Utility Room - one per unit
Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY
Data was last updated November 15, 2025 at 03:15 PM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

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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Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.