12 Centre Street,Markham, ON L3P 2N8
Markham, ON L3P 2N8
Description
Rare Investment Opportunity in the Heart of Markham! Own a charming heritage property near Main Street Markham Road, offering an exceptional blend of commercial and residential income potential. This attractive corner building features a ground-floor retail space plus two residential apartments, making it an ideal opportunity for investors seeking a mixed-use asset or end users looking to establish their business while generating rental income.The ground-floor commercial unit is leased at $4,500/month + HST, with a 5-year lease and an additional 5-year renewal option. The residential component includes a 2-bedroom, 1-bathroom apartment with estimated rental potential of $2,800/month and a 1-bedroom, 1-bathroom apartment with estimated rental potential of $2,000/month. All rents are plus water and hydro. Each unit is separately metered for hydro, while water is shared.The existing retail tenant may remain and negotiate a new 5-year lease, or vacate to accommodate another permitted use, subject to applicable approvals. A variety of potential uses may include a veterinary clinic, commercial school, medical or fitness facility, art gallery, professional office, restaurant, retail store and more.Whether you're expanding your investment portfolio, seeking a property with multiple income streams, or envisioning a location for your own business with residential rental income, this versatile heritage property offers outstanding flexibility and long-term potential in a desirable Markham location. A unique opportunity to invest, operate and grow!
Details
| MLS # | N14117002 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 10 |
| Listing Provided By | HOMELIFE/BAYVIEW REALTY INC. | N14117002 589700 |
Features
| SQ Feet | 1,500 |
|---|---|
| Acreage | 0.03 |
Interior
| Cooling | Yes |
|---|
Exterior
| Security Features | No |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 4843.04 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | York |
| City | Markham |
| Postal Code | L3P 2N8 |
| Area | Old Markham Village |
| Listing VS Median (in L3P 2N8) | |
Price: $1,630,000 low | high Med: $1,630,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $1,087 low | high Med: $1,087 On site: 10 low | high Med: 10 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | York |
| City | Markham |
| Postal Code | L3P 2N8 |
| Area | Old Markham Village |
| Listing VS Median (in L3P 2N8) | |
Price: $1,630,000 low | high Med: $1,630,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $1,087 low | high Med: $1,087 On site: 10 low | high Med: 10 | |
