Neerajan Realtor
Description
Price: $ 2,699,000.00 MLS®: N12466681 Location : 245 Main Street S, Newmarket, ON L3Y 3Z4
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.
Location Description
David Dr & Main St
Property Details
- Community: Central Newmarket
- Property Type: Owner/Commercial
- Bath: 5
- Garages: Outside/Surface
Building Features
Features
- Heating: Gas Forced Air Open
- Sewer: Sanitary ,
Listing Contracted With: RE/MAX COMMUNITY REALTY INC.
