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352 N Main St

4,000 SF 100% Leased Office Building Markham, ON L3P 1Z1 £2,261,245 (£565/SF) 5.30% Net Initial Yield

Investment Highlights

  • Residential & Commercial Unit
  • Separate Entrances
  • High Ceilings & Windows

Executive Summary

This newly built, 3-storey residential/commercial building presents a rare and valuable investment opportunity. The property features six fully leased residential apartments and two leased commercial units on the main floor, making it a reliable income-generating asset. The commercial spaces (Fully leased) are ideal for professional offices, medical practices, beauty services, or a variety of other business uses, and include wheelchair ramp access for convenience. The property also boasts a spacious paved driveway with ample parking available at the rear, as well as an EV charger. Additionally, there is a large finished basement with high ceilings, windows, and two separate entrances, offering further potential . Located in a prime area near shopping malls, restaurants, the GO station, and major highways, this property is perfectly positioned for long-term value. With a solid 5.3% CAP Rate, it offers an excellent return on investment in a rapidly growing community. EXTRAS - 6 sets of stainless steel fridge, stove, b/i dishwasher, washer & dryer, exhaust fans. All electrical light fixtures, 7 a/c units, hrv/air handling units. Separate hydro meters for each apartment, commercials units & hallway area.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,000 SF
Building Class
C
Year Built
2020
Price
£2,261,245
Price Per SF
£565
Net Initial Yield
5.30%
NOI
£119,846
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,333 SF
Building FAR
0.49
Lot Size
0.19 AC
Zoning
RD4
Parking
9 Spaces (2.25 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34240308

  • Date on Market: 19/12/2024

  • Last Updated:

  • Address: 352 N Main St, Markham, ON L3P 1Z1

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