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    For Sale - 245 Main Street, Newmarket, Ontario

    Est payment $13,379/mo
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    Time on Jump  59 day

    AI Summary *

    • Prime mixed-use building located in downtown Newmarket with high foot traffic.
    • Two commercial units and two residential apartments generating significant rental income.
    • Potential to increase income by adding more residential units or office space.
    • Large basement with walk-out, ideal for storage or expansion opportunities.
    • Recent renovations provide long-term stability and reduce maintenance needs.




    Location! Location! Location! Rare opportunity to own a prime mixed-use building in the heart of downtown newmarket on main street, between water & timothy streets high-traffic, high-exposure area surrounded by shops, restaurants, and major businesses. Property features 2 commercial units (popular convenience store & pizza shop) and 2 residential apartments above, generating approx. $12,000/month in rental income. Excellent potential to increase income by another $8,000/month by adding two more residential units or one office space and a basement commercial unit. Includes a large basement with walk-out, perfect for expansion or storage. Building underwent major structural and mechanical renovations in 2013, offering long-term stability and minimal maintenance. Fantastic opportunity for investors or end users seeking strong returns and future growth in one of york regions most vibrant downtown communities.
    Listing IDN12466681
    Address245 Main Street
    CityNewmarket, Ontario
    Price$2,699,000
    Bath5 Full
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailBasement 1Heating / Cooling Gas Forced Air OpenSewer Sanitary

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    Listing Agency:  RE/MAX COMMUNITY REALTY INC.
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    245 Main Street
    Newmarket , Ontario
    5 $2,699,000
    Get more info