352 Main Street N Markham, Ontario L3P 1Z1

$2,768,000

Prime Mixed-Use Investment Opportunity in Markham. Exceptional chance to acquire a high-performing, turnkey mixed-use property in a prime Markham location. Built just 5 years ago with quality craftsmanship throughout, this asset offers strong cash flow, diversified income, and long-term stability. Situated on a 60 x 165 ft lot, the property offers approximately 6,000 sq. ft. (4,500 sq. ft. above grade plus a fully finished basement). It features six residential apartments and two commercial units, creating multiple income streams. The property generates an estimated net income of approximately $158,000 annually, reflecting a cap rate of 5.5%-6%, with upside potential as rents increase. Designed for efficiency, the building includes 400-amp service, 7 hydro meters, and individual 100-amp panels. Each unit has independent heating and central A/C with top-of-the-line air handlers and HRV systems, plus a hot water boiler and two hot water tanks. Units feature modern, high-quality finishes including custom solid wood millwork, quartz countertops, stainless steel appliances, porcelain tile, smooth ceilings, pot lights, and towel warmers. Each unit is equipped with its own washer, dryer, and dishwasher for added convenience. The fully finished basement contains two separate units and includes heated floors, high ceilings, large windows, and separate entrances, adding flexibility and usability. Exterior features include an accessibility ramp, 9 parking spaces, and built-in EV charging infrastructure. Zoned RD4/O, allowing residential and office use, ideal for investors or professionals seeking to operate a business on-site while benefiting from stable residential income. A rare opportunity to secure a modern, income-generating asset in one of Markham's most desirable locations with strong in-place returns and future growth potential. Check out the virtual tour. (id:55460)

Property Details

MLS® Number	N13041978
Property Type	Multi-family
Community Name	Old Markham Village
Amenities Near By	Highway, Public Transit
Parking Space Total	9

Building

Bathroom Total	8
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Exterior	4500 Sqft
Size Interior	4,500 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Size Depth	165 Ft
Size Frontage	60 Ft
Size Irregular	Bldg=60 X 165 Ft ; Irregular As Per Geowarehouse
Size Total Text	Bldg=60 X 165 Ft ; Irregular As Per Geowarehouse
Zoning Description	R1

https://www.realtor.ca/real-estate/29654133/352-main-street-n-markham-old-markham-village-old-markham-village