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$ 2,999,900
Est. payment | /mo
4,000 SqFt
$ 2,999,900
Est. payment | /mo
4,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $749
Subdivision Old Markham Village
MLS Listing ID N12045383
Building Age New
Annual Tax Amount $14,981
Tax Year 2024
Property Sub-Type Investment
Property Description
Great investment in Markham , This 3-storey residential/commercial building presents a rare and valuable investment opportunity. The property features six fully leased residential apartments and two leased commercial units on the main floor, making it a reliable income-generating asset. The commercial spaces (Fully leased) are ideal for professional offices, medical practices, beauty services, or a variety of other business uses, and include wheelchair ramp access for convenience. The property also boasts a spacious paved driveway with ample parking available at the rear, as well as an EV charger. Additionally, there is a large finished basement with high ceilings, windows, and two separate entrances, offering further potential . Located in a prime area near shopping malls, restaurants, the GO station, and major highways, this property is perfectly positioned for long-term value. With a solid 5.5% CAP Rate, it offers an excellent return on investment in a rapidly growing community. **EXTRAS** 6 sets of stainless steel fridge, stove, b/i dishwasher, washer & dryer, exhaust fans. All electrical light fixtures, 7 a/c units, hrv/air handling units. Separate hydro meters for each apartment, commercials units & hallway area.
Location
Province ON
County York
Community Old Markham Village
Area York
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available Available
Lot Frontage 60.0
Lot Depth 165.0
Building
New Construction true
Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN