Communities
Sellers
Buyers
28
$1,630,000 Sale
Listed 1 day
12 Centre Street
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Key Facts
Key facts for 12 Centre Street
Property Type
Commercial
Parking
Outside/Surface
MLS #
N14117002
Size
-
Basement
-
Listed on
2026-10-26
Lot size
22 x 126.0
Tax
$4,843.04 /yr
Days on Market
1
Approximate Age
-
Maintenance Fee
-
Description
Rare Investment Opportunity in the Heart of Markham! Own a charming heritage property near Main Street Markham Road, offering an exceptional blend of commercial and residential income potential. This attractive corner building features a ground-floor retail space plus two residential apartments, mak...ing it an ideal opportunity for investors seeking a mixed-use asset or end users looking to establish their business while generating rental income.The ground-floor commercial unit is leased at $4,500/month + HST, with a 5-year lease and an additional 5-year renewal option. The residential component includes a 2-bedroom, 1-bathroom apartment with estimated rental potential of $2,800/month and a 1-bedroom, 1-bathroom apartment with estimated rental potential of $2,000/month. All rents are plus water and hydro. Each unit is separately metered for hydro, while water is shared.The existing retail tenant may remain and negotiate a new 5-year lease, or vacate to accommodate another permitted use, subject to applicable approvals. A variety of potential uses may include a veterinary clinic, commercial school, medical or fitness facility, art gallery, professional office, restaurant, retail store and more.Whether you're expanding your investment portfolio, seeking a property with multiple income streams, or envisioning a location for your own business with residential rental income, this versatile heritage property offers outstanding flexibility and long-term potential in a desirable Markham location. A unique opportunity to invest, operate and grow!
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Courtesy of: HOMELIFE/BAYVIEW REALTY INC.