245 Main Street S, Newmarket, Ontario L3Y 3Z4

Listed for:
$2,699,000
0 beds
5 baths
Listed 34 days ago
245 Main Street S, Newmarket, Ontario L3Y 3Z4

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Learn more about this property
Listing provided by:
RE/MAX COMMUNITY REALTY INC.
MLS® number:
N12466681
Agent:
Ramanan Santhirasegaramoorthy
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About

Cross Streets: David Dr & Main St. ** Directions: Turn Left from Davis Drive to Main Street and go Straigth on Main Street. 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. (id:27476)

Property Highlights

MLS® Number
N12466681
Type
Retail
Community Name
Central Newmarket
Land Size
Unit=44.25 x 112.64 FT ; Easement For Entry To Parking In Rear

Building

Square Footage
6169 sqft
Bathrooms Total
5
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Fully air conditioned

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location