6060-6070 Highway 7 E
2 Office Properties Offered at $3,998,000 CAD in Markham, ON
Investment Highlights
- Corner Lot with 2 Buildings
- Recently renovated roof (2019)
- 30+ Surface parking slots
Executive Summary
Prime Location! Highway 7 And Markham Road - Great Investment Property With Future Redevelopment Potential In Upscale Markham Village! 2 Freestanding Commercial Buildings On A Half Acre Corner Lot With Excellent Street Appeal And Exceptional Exposure. Clean, Well Managed And Very Well Maintained 2 Separate Professional Office Buildings With 2 Addresses And 30+ Available On Site Parking Spots. Lots Of Improvements Done In The Last Few Years (Roof 2019). The Property Is Tenanted With Good Quality Tenants And Stable Income In-Place. Amazing Opportunity To Add Value! Increase Rents And Generate More Rental Income Or Completely Redevelop The Entire Site Into A Mixed Use 6+ Storey Building With 52+ Units. Official Plan Designated Mixed Use (Commercial/Residential). **** EXTRAS **** Prime Location, Corner Half Acre Lot, 2 Commercial Buildings On Property, High Demand Area With Great Exposure, Excellent Street Appeal, Good Quality Tenants, Lots Of Available Parking Spots On Site, Rent Increase & Development Potential.
Property Facts
Price | $3,998,000 CAD |
Price / SF | $306.64 CAD / SF |
Sale Conditions | Redevelopment Project |
Cap Rate | 4.20% |
Sale Type | Investment |
Status | Under Contract |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 13,038 SF |
Total Land Area | 0.48 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
6070 Hwy-7 E, Markham, ON L3P 3B4 | Office | 4,038 SF | 1970 | - |
6060 Hwy-7 E, Markham, ON L3P 3B4 | Office | 9,000 SF | 1970 | - |