Store W Apt/Office for Sale: 12 Centre Street, Old Markham Village, Markham
- 1500 SQFT
Description
Commercial Store W Apt/Office For Sale.
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!
Cross Street: Main St Markham/Centre St
Key Facts
- Days on: 0 days
- Mls Status: New
- Lot Type: Lot
- Lot Width: 22.00
- Parking Spaces: 3
- Garage Type: Outside/Surface
- Heat Type: Gas Forced Air Closed
- Cooling: Yes
- Building Area Total: 1500 Square Feet
- Retail Area: 1500 Sq Ft
Location 12, Centre, Old Markham Village, Markham
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