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For Lease

255 Penn Avenue Basement #Basement

Bristol-London, Newmarket, ON
$1,750
2Bd
1Ba
900+sqft
1Parking
$2/sqft
Semi-DetachedMLS# N12999260Listed 2026-04-1516 DOM
Cooling
Central Air

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
Bedroom0.00 × 0.00 m
Bedroom 20.00 × 0.00 m
Dining Room0.00 × 0.00 m
Family Room0.00 × 0.00 m
Kitchen0.00 × 0.00 m

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 yield1782.9% – 2605.7%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Newmarket

Days on market16 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%
Ownership
76% own · 24% rent
EnglishFrenchFarsiRussianMandarin

Our estimate for this home

Priced 99.7% below estimate
Estimated range
$513K$596K
Mid-point $554K · ~$616/sqft
How this listing compares
$513KList · $2K$596K
High confidence·Based on 547 gta-wide comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

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.

$1,750
255 Penn Avenue Basement, Newmarket
ShowingCall