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505 E Highway 7 Rd , 259-266

Markham, ON L3T 7T1
  • $2,750,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: N5986235
UPDATED: 29 min ago
$2,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
County:
Area:

Description

**Investors Take Notice** Hwy 7 & Leslie Commercial Prime Location In Commerce Gate, Property For Sale With Aaa+ Solid Tenant (Evt Karaoke) Remaining 9-Year Lease With Escalated Rental Each Year. Safe, Stable, Reasonable Return For Investors. Asset-Based Investment With Long Term Potential In One Of The Strongest Growing Urban Centres In The Gta. Tenant Invested $$$$ On Improvements In The Space. Over 5% Cap Rate And ! Famous Location, Tons Of Traffic.

Extras: Aaa+ Tenant Pay Rent + Tmi + All Utilities, Very Minimum Management Work. Lease Agreement Available Only To Serious Buyers Upon A Conditionally Accepted Offer And Signed Nda/Confidentiality. Seller May Consider Vtb.

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Listing information © 2023 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Fishman Group | The Agency. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2023-05-30T21:41:27.243.
www.fishmangroup.ca/homes/137981578
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505 E Highway 7 Rd , 259-266 Markham, ON L3T 7T1

  • Price: $2,750,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 29 min ago
  • MLS #: N5986235
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighbourhood:
Commerce Valley
County:
Ontario
Area:
Markham
Property Description
**Investors Take Notice** Hwy 7 & Leslie Commercial Prime Location In Commerce Gate, Property For Sale With Aaa+ Solid Tenant (Evt Karaoke) Remaining 9-Year Lease With Escalated Rental Each Year. Safe, Stable, Reasonable Return For Investors. Asset-Based Investment With Long Term Potential In One Of The Strongest Growing Urban Centres In The Gta. Tenant Invested $$$$ On Improvements In The Space. Over 5% Cap Rate And ! Famous Location, Tons Of Traffic.

Extras: Aaa+ Tenant Pay Rent + Tmi + All Utilities, Very Minimum Management Work. Lease Agreement Available Only To Serious Buyers Upon A Conditionally Accepted Offer And Signed Nda/Confidentiality. Seller May Consider Vtb.
Exterior Features

Area Influences Major HighwayPublic Transit Freestanding No Garage Type Public Lot Depth 1.00 Lot Front 1.00 Lot Size Code Feet

Interior Features

Air Conditioning Y Basement Y Heat Type Gas Forced Air Open Retail Area 4991 Retail Area Code Sq Ft Total Area 4991.00 Total Area Code Sq Ft

Property Features

Business Building Name Commerce Gate Category Commercial Condo Commercial Condo Fees 3809.26 Commercial Type Commercial/Retail Cross Streets Leslie & Hwy 7 List Price Type For Sale Lot Code Building Occupancy Tenant Sale Or Lease Sale Seller Property Info Statement No Sprinklers Y Tax Year 2022 Taxes 9200.26 Taxes Type Annual Use Service Related Utilities Y Water Municipal Zoning Commercial/Retail

Listing courtesy of Smart Sold Realty, Brokerage.
Listing information © 2023 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Fishman Group | The Agency. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2023-05-30T21:41:27.243.
 
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Fishman Group | The Agency
23 Sandalwood Common
St. Catharines ON, L2M 0B3