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$ 3,100,000
Est. payment | /mo
4,000 SqFt
$ 3,100,000
Est. payment | /mo
4,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $775
Subdivision Old Markham Village
MLS® Listing ID N11240568
Originating Board Toronto Regional Real Estate Board
Property Description
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:24570)
Location
Province ON
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 9
Private Pool No
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! "