About 12 Centre Street
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! (id:6289)
More Info on this Old Markham Village Residential Commercial Mix MLS® listing
12 Centre Street is a residential commercial mix listing for sale in Markham (Old Markham Village). The MLS® number is N14117002. It covers 1,500 square feet. It's currently listed for $1,630,000. For more details on MLS® N14117002, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This residential commercial mix listing in Old Markham Village is available now!
Selling your Old Markham Village Residential Commercial Mix property?
Have a similar home to 12 Centre Street? If you’re thinking about selling your Old Markham Village residential commercial mix property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Markham (Old Markham Village) property.
