Space
Finished area and layout
- Building Area
- 804 sqft
- Rooms
- 0
+2 more
$580,000
804 sqft
Building Area
0.00 x 0.00 Feet
Lot
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- commercial retail / Mixed Use
Lot
Land, frontage and setting
- Lot
- 0.00 x 0.00 Feet
About This Property
This commercial retail in Markham offers 804 sqft of building area on a 0.00 x 0.00 Feet lot. The property has zoned Commercial/Retail. The home features yes.
MLS Remarks
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.
Full Listing Details
Address3255 Highway 7 E 131, Markham, ON L3R 3P9
MLS#N13732450
Listing StatusNew
Property TypeCommercial
Sub-TypeCommercial retail
TransactionSale
List DateSep 1, 2026
Days on Market54
Annual Tax$7,337 (2025)
Possession DetailsFLEXIBLE
StyleMixed Use
Total Rooms0
CityMarkham
ProvinceOn
Postal CodeL3R 3P9
Lot Dimensions0.00 x 0.00 Feet
ZoningCommercial/Retail
CoolingYes
SecurityYes
UtilitiesAvailable
Annual Tax$7,337 (2025)
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.
Hwy 7 & Woodbine
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