352 N Main St 4,000 SF 100% Leased Office Building Markham, ON L3P 1Z1 $3,100,000 CAD ($775 CAD/SF) 5.30% Cap Rate

INVESTMENT HIGHLIGHTS

  • Residential & Commercial Unit
  • Separate Entrances
  • High Ceilings & Windows

EXECUTIVE SUMMARY

This newly built, 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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,000 SF
Building Class
C
Year Built
2020
Price
$3,100,000 CAD
Price Per SF
$775 CAD
Cap Rate
5.30%
NOI
$164,300 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,333 SF
Building FAR
0.49
Lot Size
0.19 AC
Zoning
RD4
Parking
9 Spaces (2.25 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
Walk Score®
Very Walkable (80)
  • Listing ID: 34240308

  • Date on Market: 2024-12-19

  • Last Updated:

  • Address: 352 N Main St, Markham, ON L3P 1Z1