Description
Stabilized mixed-use investment, rare free standing property located along high demand residential and commercial area Main Street North in Markham.This income-producing asset features a ground-floor restaurant space and a self-contained residential unit above, both currently leased with stable tenants, Resturant tenant is owned by a fast growing burger chain, offering reliable and diversified cash flow. with total approx $8900/mth income, The property presents a competitive blended cap rate consistent with comparable prime mixed-use assets in the area.Excellent exposure within a well-established commercial corridor with high pedestrian and vehicular traffic.An ideal opportunity for investors seeking long-term hold, defensive income, and future upside in a high-demand, mature commercial node.
Location Description
Main Street N/Hwy 7 E
Property Details
- Community: Old Markham Village
- Property Type: Tenant/Commercial
- Bath: 2
- Garages: Lane
- Annual Property Taxes : $ 8368
Building Features
- Parking Type : Lane
Features
- Heating : Electric Forced Air
Listing Contracted With: RE/MAX REALTRON REALTY INC.
