$2,950,000Asking Price
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.
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.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Office | Main | 57.41' x 12.14' | Tile Floor, Bay Window, Pot Lights |
| 2 | Office | Main | 32.32' x 10.01' | Tile Floor, Window, Pot Lights |
| 2 3-Piece Bathrooms | ||||
| 2 3-Piece Bathrooms | ||||
| 2 3-Piece Bathrooms | ||||
| 1 2-Piece Bathroom on Main Floor | ||||
| 1 2-Piece Bathroom on Main Floor | ||||
Old Markham Village, Markham is a north GTA neighbourhood notable for its singles, renters, executives, education, law & public sector professionals and tradespeople. Residents tend to be older with a significant number of adults aged 55 to 64 and seniors aged 65 to 79.
Kids Per Family
1.1
kids per family
in the neighbourhood.
46%
of residents are
single and loving it.
46% singles
Markham (39%)
37%
of residents
are renters.
37% renters
Markham (15%)
41%
of residents are
university grads.
41% university grads
Markham (48%)Average Household Income
$123K
is the average household
income in the neighbourhood.
Professions
| Sales | 13% |
| Business | 12% |
| Management | 9% |
| Government | 8% |
| Sciences | 7% |
33%
of residents were
born outside of Canada.
33% immigrants
Markham (60%)5.2% from Hong Kong
All-time
0.7% from China
Recent
Foreign Languages
| Cantonese | 9% |
| Mandarin | 4% |
| Italian | 2% |
| French | 2% |
| Chinese | 1% |
Religions
| Christian | 62% |
| Muslim | 3% |
| Hindu | 3% |
| Buddhist | 3% |
| Jewish | 1% |