12 CENTRE STREET, Markham (Old Markham Village), Ontario, L3P2N8
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! (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-768-8865
- 705-745-4321
- 705-745-4324
- jcsullivan3@yahoo.ca
- Property Address: 12 CENTRE STREET, Markham (Old Markham Village), Ontario, L3P2N8
- Community Name: Old Markham Village
- Property Type: Retail
- Zoning Description: C2 Central Commercial
- Lot Size: 22 x 126 FT
- Acreage: 22 x 126 FT
- Water Type: Municipal water
- Total Parking Spaces: 3
- Structure Style: Residential Commercial Mix
- Floor Space: 1500 sqft
- Heating Type: Natural gas, Forced air
- Cooling: Fully air conditioned
Listing Office: HOMELIFE/BAYVIEW REALTY INC.
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