4000 sqft
Fully Air Conditioned
Other
$3,100,000
This newly built, 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 5.3% 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. (id:58671)
Property Details
MLS® Number
|
N11240568 |
Property Type
|
Multi-family |
Community Name
|
Old Markham Village |
AmenitiesNearBy
|
Highway |
ParkingSpaceTotal
|
9 |
Building
CoolingType
|
Fully Air Conditioned |
HeatingType
|
Other |
SizeInterior
|
4000 Sqft |
Type
|
Multi-family |
UtilityWater
|
Municipal Water |
Land
Acreage
|
No |
LandAmenities
|
Highway |
SizeDepth
|
165 Ft |
SizeFrontage
|
60 Ft |
SizeIrregular
|
60 X 165 Ft |
SizeTotalText
|
60 X 165 Ft |
ZoningDescription
|
Commercial/ Residential Rd4/o |
https://www.realtor.ca/real-estate/27689412/352-main-st-n-street-markham-old-markham-village-old-markham-village