For Lease
255 Penn Avenue Basement #Basement
Bristol-London, Newmarket, ON
$1,600
2Bd
1Ba
900+sqft
1Parking
$2/sqft
Semi-DetachedMLS# N12999260Listed 2026-04-1564 DOM
Cooling
Central Air
On the market for 64 days — longer than average. The seller may be open to negotiation.
About this home
Welcome to this beautifully renovated legal 2-bedroom home available for lease! Each spacious bedroom features its own closet, offering ample storage and comfort. The home includes a modern 3-piece bathroom. Enjoy the bright open-concept layout, ideal for both everyday living and entertaining. Dedicated washer & Dryer. Additional highlights include one driveway parking spaces for your convenience. Located in a quiet, family-friendly neighbourhood, this home is close to all essential amenities such as shopping, dining, parks, and public transit. Nearby conveniences include Tim Hortons, Walmart, Costco, school, and Southlake Hospital, making daily errands and commuting effortless. A perfect place to call home-don't miss this opportunity! Tenant pays 1/3 of the utilities.
Renovated
Rooms
Basement
| Bedroom | 0.00 × 0.00 m | Closet Vinyl Floor Window |
| Bedroom 2 | 0.00 × 0.00 m | Closet Vinyl Floor Window |
| Dining Room | 0.00 × 0.00 m | Combined w/Family Vinyl Floor Bay Window |
| Family Room | 0.00 × 0.00 m | Combined w/Dining Vinyl Floor LED Lighting |
| Kitchen | 0.00 × 0.00 m | LED Lighting Vinyl Floor Window |
Features
- Carpet Free
- Primary Bedroom - Main Floor
- Sump Pump
- Separate Entrance
- Central Air
- Bungalow
Financials
Estimated Rental Income
Entire property$2,600 – $3,800/mo
Basement apartment$1,800 – $2,500/mo
Rental yield1950.0% – 2850.0%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Newmarket
Days on market64 days
Buyer's MarketSeller's Market
Based on active listings in Newmarket. Data updates daily.
Demographics — Newmarket
Population
87,942
Avg Household Income
$118,000
Age Distribution
0-19
22%
20-34
17%
35-49
20%
50-64
22%
65+
19%
Ownership76% own · 24% rent
EnglishFrenchFarsiRussianMandarin
Other rentals like this
Similar rentals in Newmarket
Same property type, similar price, similar size — currently for rent.
For Lease19 h ago
$1,450
Semi-Detached
323 Flagstone Way Bsmt #Bsmt, Woodland Hill
Newmarket, ON
1 bd
1 ba
1,750
1
MLS# N13463356Joynet Realty Inc.
WhatsApp Aman
For Lease2 days ago
$1,880
Semi-Detached
58 Marlin Court, Bristol-London
Newmarket, ON
2+1 bd
1 ba
900
1
MLS# N13457170Sutton Group-Admiral Realty Inc.
WhatsApp Aman
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
51
/ 100
Walk Score
Somewhat Walkable
46
/ 100
Transit Score
Some Transit
41
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.