See all 29 photos
29 photos
Additional details
$2,950,000
Est. payment /mo
6 Beds
8 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision Old Markham Village
MLS Listing ID N12045386
Style 3-Storey
Bedrooms 6
Building Age New
Annual Tax Amount $14,981
Tax Year 2024
Property Sub-Type Detached
Property Description
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, stoves, b/i dishwashers, washer & 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.
Location
State ON
County York
Community Old Markham Village
Area York
Rooms
Basement Finished
Family Room No
Kitchen 6
Interior
Interior Features Other
Heating Yes
Cooling Central Air
Fireplace No
Heat Source Other
Exterior
Parking Features Other
Garage Spaces 9.0
Pool None
Roof Type Other
Lot Frontage 60.0
Lot Depth 165.0
Total Parking Spaces 9
Building
Foundation Other
New Construction true
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Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY