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Nahil Matloob
Sales Representative
Homelife\Bayview Realty Inc., Brokerage
Independently owned and operated.
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Nahil Matloob Sales Representative Homelife\Bayview Realty Inc., Brokerage Independently owned and operated. pic 505 Hwy.7 East,suite 201, Thornhill, Ontario L3T7T1 pic Cell: 647 402 0678 | Office: 905 889 2200 pic soldbynahil@yahoo.ca

                   WE ARE #1 OFFICE IN CANADA

                     FOR OVER 25 CONSECUTIVE YEARS

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$1,630,000
Available - For Sale
Listing ID: N14117002
Rare Investment Opportunity in the Heart of Markham! Own a charming heritage property near Main Street Markham Road, offering an exceptional blend of commercial and residential income potential. This attractive corner building features a ground-floor retail space plus two residential apartments, making it an ideal opportunity for investors seeking a mixed-use asset or end users looking to establish their business while generating rental income.The ground-floor commercial unit is leased at $4,500/month + HST, with a 5-year lease and an additional 5-year renewal option. The residential component includes a 2-bedroom, 1-bathroom apartment with estimated rental potential of $2,800/month and a 1-bedroom, 1-bathroom apartment with estimated rental potential of $2,000/month. All rents are plus water and hydro. Each unit is separately metered for hydro, while water is shared.The existing retail tenant may remain and negotiate a new 5-year lease, or vacate to accommodate another permitted use, subject to applicable approvals. A variety of potential uses may include a veterinary clinic, commercial school, medical or fitness facility, art gallery, professional office, restaurant, retail store and more.Whether you're expanding your investment portfolio, seeking a property with multiple income streams, or envisioning a location for your own business with residential rental income, this versatile heritage property offers outstanding flexibility and long-term potential in a desirable Markham location. A unique opportunity to invest, operate and grow!
Price $1,630,000
Taxes: $4,843.04
Tax Type: Annual
Occupancy by: Owner+T
Address: 12 Centre Street , Markham, L3P 2N8, York
Postal Code: L3P 2N8
Province/State: York
Directions/Cross Streets: Main St Markham/Centre St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Store With Apt/Office
Building Percentage: F
Total Area: 1,500
Total Area Code:  Square Feet
Office/Appartment Area: 1000
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOMELIFE/BAYVIEW REALTY INC.

12 Centre Street , Markham, L3P 2N8, York

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Nahil Matloob
Sales Representative
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647 402 0678
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905 889 2200

 
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Type: Com - Store W Apt/Office
Area: York
Municipality: Markham
Neighbourhood: Old Markham Village
Style:
Lot Size: x 126.00(Feet)
Approximate Age:
Tax: $4,843.04
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Nahil Matloob
Sales Representative
Homelife\Bayview Realty Inc. , Brokerage
Independently owned and operated.