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** stainless steel fridges, stove,s b/i dishwashers, washers & dryers, 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:13843)
MLS # | N12045383 |
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Listing Type | For Sale |
Style | Town House |
Status | Active |
Days On Site | 109 |
Listing Provided By | ROYAL LEPAGE YOUR COMMUNITY REALTY | AMIR JAFARI |
SQ Feet | 4,000 |
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Zoning | Commercial/ Residential Rd4/O |
Property | 2313 |
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Province | ON |
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City | Markham (Old Markham Village) |
Postal Code | L3P1Z1 |
Listing VS Median (in L3P1Z1) | |
Price: $2,950,000 low | high Med: $2,950,000 SqFt: 4,000 low | high Med: 4,000 $ / SqFt: $738 low | high Med: $738 On site: 109 low | high Med: 109.000000 |