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 5.3% 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:47421)
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Detailed Information
Lot
60 x 165 ft
Amenities Nearby
Highway
Listing Contract Date
2024-11-27
Location Description
Pt Lt 15 Con 7 Markham
# of Parking Spaces
9
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
Commercial/ Residential Rd4/O
Building
Cooling Type
Fully air conditioned
Heating Type
Other
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
60 x 165 FT
Amenities
Highway
Size of Irregular Land
60 x 165 FT
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