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 -
Show More > < Show Less
  • Listing ID: 31736356

  • Date on Market: 2024-05-08

  • Last Updated:

  • Address: 6060-6070 Highway 7 E, Markham, ON