352 MAIN STREET N, Markham (Old Markham Village), Ontario, L3P1Z1

Property Description

*INCREDIBLE INVESTMENT PROPERTY IN PRIME MARKHAM LOCATION* This 5-YEAR NEW, MIXED-USE property was built without sparing any details and it offers (1) strong cash flow (2) diversified income (3) long-term durability. 60 ft x 165 ft lot with approx. 6,000 SF (4,500 SF above grade + finished basement), consists of SIX RESIDENTIAL APARTMENTS + TWO COMMERCIAL UNITS with a potential annual net income of approx. $130,000 *WOW!* Fully equipped with a 400-amp electrical service, 7 hydro meters, hot water boiler and 2 hot water tanks and 100-amp panels for each unit, allowing for efficient utility management. Each unit features individual heating and central air conditioning with top-of-the-line air handler with HRV, quality and modern finishes your tenants love and appreciate (e.g., custom solid wood millwork, quartz counters & S/S appls, porcelain tiles, towel warmers, smooth ceiling and pot lights, etc). The FINISHED BASEMENT comes with heated floors, high ceilings, windows, and separate entrances. The EXTERIOR AMENITIES include an accessibility ramp access, 9 parking spaces + ready for an EV charging station if needed (electrical infrastructure built-in and ready for the next owner). Zoned RD4/O, permitting office and apartment uses - this is perfect for entrepreneurs in need of a home-based business space or investors looking for a property that offers diversified income streams, exceptional operating efficiency and strong in-place cash flow! With an estimated remaining economic life of approx. 100 years, this is a LOW MAINTENANCE, HASSLE-FREE LONG-TERM INVESTMENT ASSET! (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 8
• Living Area: 4,500 sq ft (418.1 m²)
• Attached: Yes
• Parking: 9 spaces
• Frontage: 60 ft (18.3 m)

Costs

• Annual Taxes: $15,288.00

Listing Provided by: UNION CAPITAL REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.