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MLS® N13106406
Markham, ON
Excellent Investment Opportunity At Prestigious First Markham Place! Prime Commercial Unit Featuring Two Stable Long-Term Tenant (131 & 131A) Currently Paying $3,200/Month Net Rent. Tenant Responsible For TMI, Providing Strong And Predictable Cash Flow For Investors. Outstanding 6.62% Cap Rate. Located In One Of Markham's Most Recognized And High Traffic Commercial Destinations With Over 170+ Retail Stores, Restaurants, Services & Food Court Vendors. Exceptional Exposure In A Busy Mixed-Use Commercial Hub Popular With Both Local & Regional Visitors. Conveniently Situated Along Highway 7 Between Woodbine Ave & Warden Ave With Quick Access To Hwy 404 & Hwy 407. Easily Accessible By YRT/Viva Transit Routes. Surrounded By Dense Residential Communities, Office Buildings, Hotels, Restaurants, Banks & Major Amenities. Excellent Long-Term Investment Potential In A Highly Desirable And Continuously Growing Markham Commercial Corridor.
Inclusions
Buyer to assume existing tenants. 131 & 131A currently paying total of $3200/month Plus TMI. 131 Lease at $1700/month until 30/04/2027 with 5 year renewal option and 131A until 31/12/2029 at monthly rent of $1650/month after 01/01/2027.
Broker
HOMELIFE LANDMARK RH REALTY
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Commercial Retail
3255 Highway 7 E #131 Markham
Markham
Type
Commercial Retail
Parking
Plaza
Property Tax
~$7,337/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
804 sqft
Parking
Plaza
Finances
List Price
$580,000
Price per SQFT
$721/sqft
Property Tax
~$7,337/yr
Property Specs
Property Type
Commercial Retail
MLS Size
804 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Markham
Listed On
May 9, 2026
Days on Market
Current: 181 days
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