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
Bedrooms
4
Bathrooms
6
Lot
60 x 165 ft
Listing Contract Date
2024-11-27
Location Description
North Of Hwy 7 ,South Of 16th
Ownership Type
Freehold
# of Parking Spaces
9
Property Type
Single Family
Transaction Type
For sale
Building
Basement Development
Finished
Basement Type
N/A (Finished)
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Brick
Flooring Type
Tile, Laminate
# of Half Bathrooms
1
Heating Type
Other
Stories Total
3
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
3.65 m x 3.2 m
Living room
Second level
4.2 m x 3.5 m
Dining room
Second level
4.26 m x 3.5 m
Kitchen
Second level
3.65 m x 2.9 m
Bedroom
Third level
3.65 m x 3.5 m
Living room
Third level
4.26 m x 3.35 m
Dining room
Third level
4.26 m x 3.35 m
Office
Main level
17.5 m x 3.7 m
Office
Main level
9.85 m x 3.05 m
Land
Total Size
60 x 165 FT
Sewer
Sanitary sewer
Size of Irregular Land
60 x 165 FT
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