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$2,699,000
Available - For Sale
Listing ID: N12466681
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.
Price $2,699,000
Taxes: $18,278.68
Tax Type: Annual
Occupancy by: Owner
Address: 245 Main Street South , Newmarket, L3Y 3Z4, York
Postal Code: L3Y 3Z4
Province/State: York
Directions/Cross Streets: David Dr & Main St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Multi-Use
Use: Hospitality/Food Related
Building Percentage: T
Total Area: 6,169
Total Area Code:  Square Feet
Office/Appartment Area: 0
Office/Appartment Area Code: %
Office/Appartment Area Code: %
Retail Area Code: Sq Ft
Approximatly Age: 100+
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Employees #: 2
Seats: 30
Maintenance: 0
Expenses Actual/Estimated: $Act
Sprinklers: Yes
Rail: N
Clear Height Feet: 10
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX COMMUNITY REALTY INC.

245 Main Street South , Newmarket, L3Y 3Z4, York


 
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At a Glance:
Type: Com - Commercial Retail
Area: York
Municipality: Newmarket
Neighbourhood: Central Newmarket
Style:
Lot Size: x 112.64(Feet)
Approximate Age: 100+
Tax: $18,278.68
Maintenance Fee: $0
Beds: 0
Baths: 5
Garage: 0
Fireplace: N
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