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    For Sale - 12 Centre Street, Markham, Ontario

    Est payment $7,827/mo
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    Views   1
    Time on Jump  6 day

    AI Summary *

    • Heritage corner building near Main Street Markham Road with mixed-use potential.
    • Ground-floor retail space plus two apartments offer multiple income streams.
    • Retail unit has a five-year lease and a five-year renewal option.
    • Separate hydro meters for each unit; water is shared.
    • Potential uses include retail, offices, medical, fitness, restaurant, and more.




    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,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!
    Listing IDN14117002
    Address12 Centre Street
    CityMarkham, Ontario
    Price$1,630,000
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeHeating / Cooling Gas Forced Air Closed

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    Listing Brokerage: HOMELIFE/BAYVIEW REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    12 Centre Street
    Markham , Ontario
    $1,630,000
    Get more info