48 Prospect Street A&B, Newmarket, ON L3Y 3S9
This industrial space offers a rare combination of functionality, flexibility, and efficiency, making it an outstanding opportunity for businesses seeking well-appointed industrial premises. Featuring an impressive 18-foot clear ceiling height, the unit provides generous vertical space to accommodate racking systems, production equipment, or storage requirements with ease. The property is equipped with updated electrical service, supporting a range of light to medium industrial operations. Two convenient drive-in shipping doors allow for seamless loading and unloading, enhancing operational flow and logistics efficiency. In addition to the expansive industrial area, the unit includes a practical office component, ideal for administrative functions, client meetings, or management oversight while maintaining clear separation from the warehouse floor. The open and adaptable layout is well-suited for manufacturing, warehousing, assembly, distribution, and related industrial uses. Strategically designed for productivity and scalability, this space offers businesses the infrastructure needed to operate efficiently and grow confidently. Please note that automotive repair and mechanic shop uses are not permitted. A detailed list of approved uses is available in the attached documentation. Pictures cleaned with AI. Can build upto 10 stories.
- MLS number
- N13754700
- Type
- Industrial
- Status
- Active
- Bedrooms
- —
- Bathrooms
- —
- Postal code
- L3Y 3S9
- Photos
- 23
- Property tax
- $17,000 / year
This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Industrial
- Class
- Commercial
- Community
- Central Newmarket
- Municipality
- Newmarket
- Cross street
- Prospect & Davis
- Zoning
- MU-1. ( zoning doc attach)
Parking
- Garage
- Lane
Land
- Lot
- 66 × 148 feet
Heating, cooling and services
- Cooling
- No
- Water
- Municipal
- Sewer
- Sanitary Available
Listing
- MLS number
- N13754700
- Status
- Price Change
- Previous status
- New
- Listed on
- 2026-09-08
- Expires
- 2027-06-28
- Possession
- 2026-09-30
- Taxes
- $17,000 (2026)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 2 times.
Where this home is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Matched to the building rather than the unit — every unit in a tower shares one coordinate.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
School boundaries this address is inside
Where these boundaries come from, and what they are worth
A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.
York Region. Published by the York Region District School Board’s planning department, with the date the board approved each boundary shown above. A boundary approved years ago is still the current one until the board redraws it, but the older the date, the more worth confirming.
Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: YRDSB school locator.
Sources: York Region District School Board planning department.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Meadowbrook Public School York Region DSB | Elementary | 1.2 km | / 10 69% met the standard |
| Stuart Scott Public School York Region DSB | Elementary | 1.3 km | / 10 77% met the standard |
| Sacred Heart Catholic High School York CDSB | Secondary | 1.1 km | / 10 74% met the standard · 2 of 6 measures |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 660 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35190924 — the few blocks around this address, home to 660 people. It describes the area, not this property.
Percentages are of the 250 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.