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 5.3% CAP Rate, it offers an excellent return on investment in a rapidly growing community.
MLS# | N11240568 |
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Listing Type | For Sale |
Sub-Type | New Construction |
Status | New |
Days On Site | 74 |
Listing Provided By | ROYAL LEPAGE YOUR COMMUNITY REALTY | Not Provided |
SQ Feet | 4,000 |
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State | ON |
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County | York |
City | Markham |
Zip Code | L3P 1Z1 |
Area | Old Markham Village |
Listing VS Median (in L3P 1Z1) | |
Price: $3,100,000 low | high Med: $3,100,000 SqFt: 4,000 low | high Med: 4,000 $ / SqFt: $775 low | high Med: $775 On Site: 74 low | high Med: 74.000000 |