245 Main Street S, Newmarket, ON L3Y 3Z4

Newmarket L3Y 3Z4 Ontario

MLS: N12466681

$2,699,000

Added 3 hours ago | For Sale

Listed by: RE/MAX COMMUNITY REALTY INC.

About Property

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.

Features

  • House Style:Commercial Retail
  • Bathrooms:5
  • Land Size: 44.25 X 112.64
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:David Dr & Main St
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $18278.68
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:N12466681

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