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$ 2,768,000
Est. payment /mo
New
352 Main ST N Markham, ON L3P 1Z1
8 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Old Markham Village
MLS Listing ID N13041978
Annual Tax Amount $15,522
Tax Year 2025
Property Sub-Type Investment
Property Description
Prime Mixed-Use Investment Opportunity in Markham. Exceptional chance to acquire a high-performing, turnkey mixed-use property in a prime Markham location. Built just 5 years ago with quality craftsmanship throughout, this asset offers strong cash flow, diversified income, and long-term stability. Situated on a 60 x 165 ft lot, the property offers approximately 6,000 sq. ft. (4,500 sq. ft. above grade plus a fully finished basement). It features six residential apartments and two commercial units, creating multiple income streams. The property generates an estimated net income of approximately $158,000 annually, reflecting a cap rate of 5.5%-6%, with upside potential as rents increase. Designed for efficiency, the building includes 400-amp service, 7 hydro meters, and individual 100-amp panels. Each unit has independent heating and central A/C with top-of-the-line air handlers and HRV systems, plus a hot water boiler and two hot water tanks. Units feature modern, high-quality finishes including custom solid wood millwork, quartz countertops, stainless steel appliances, porcelain tile, smooth ceilings, pot lights, and towel warmers. Each unit is equipped with its own washer, dryer, and dishwasher for added convenience. The fully finished basement contains two separate units and includes heated floors, high ceilings, large windows, and separate entrances, adding flexibility and usability. Exterior features include an accessibility ramp, 9 parking spaces, and built-in EV charging infrastructure. Zoned RD4/O, allowing residential and office use, ideal for investors or professionals seeking to operate a business on-site while benefiting from stable residential income. A rare opportunity to secure a modern, income-generating asset in one of Markham's most desirable locations with strong in-place returns and future growth potential. Check out the virtual tour.
Location
Province ON
County York
Area York
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 60.0
Lot Depth 165.0
Others
ParcelsYN No
Virtual Tour https://www.winsold.com/tour/454562
Listed by RE/MAX REALTRON REALTY INC.
NEARBY SCHOOL & BUSINESS