Excellent Investment Opportunity At Prestigious First Markham Place! Prime Commercial Unit Featuring Two Stable Long-Term Tenant (131 & 131A & 133) Total Monthly Net Rent at $5000/month. Tenants Responsible For TMI, Providing Strong And Predictable Cash Flow For Investors. Outstanding 6.33% Cap Rate. Located In One Of Markham's Most Recognized And High Traffic Commercial Destinations With Over 170+ Retail Stores, Restaurants, Services & Food Court Vendors. Exceptional Exposure In A Busy Mixed-Use Commercial Hub Popular With Both Local & Regional Visitors. Conveniently Situated Along Highway 7 Between Woodbine Ave & Warden Ave With Quick Access To Hwy 404 & Hwy 407. Easily Accessible By YRT/Viva Transit Routes. Surrounded By Dense Residential Communities, Office Buildings, Hotels, Restaurants, Banks & Major Amenities. Excellent Long-Term Investment Potential In A Highly Desirable And Continuously Growing Markham Commercial Corridor.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
804 sq. ft. Square Feet
Total Area:
804 sq. ft.74.7 m2
Retail Area:
804 sq. ft. Sq Ft
Lot Depth:
0'0 m
Lot Frontage:
0'0 m
Lot Details:
0.00 x 0.00 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
Commercial/Retail
Heating type:
Gas Forced Air Closed
Cooling:
Yes
Garage:
Plaza
Possession Details:
FLEXIBLE
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$11,633.27 /
2025
Assessment:
$- /
-
York
Markham
Buttonville
Yes
Buyer to assume existing tenants. 131 & 131A currently paying total of $3200/month Plus TMI. 131 Lease at $1700/month until 30/04/2027 with 5 year renewal option and 131A until 31/12/2029 at monthly rent of $1650/month after 01/01/2027. 133 currently paying $1800/month plus TMI until 31/12/2027.
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