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6060-6070 Highway 7 E 2 Office Properties Offered at $2,864,061 in Markham, ON
INVESTMENT HIGHLIGHTS
- Corner Lot with 2 Buildings
- Recently renovated roof (2019)
- 30+ Surface parking slots
EXECUTIVE SUMMARY
Prime Location! Highway 7 And Markham Road - Great Investment Property With Future Redevelopment Potential In Upscale Markham Village! 2 Freestanding Commercial Buildings On A Half Acre Corner Lot With Excellent Street Appeal And Exceptional Exposure. Clean, Well Managed And Very Well Maintained 2 Separate Professional Office Buildings With 2 Addresses And 30+ Available On Site Parking Spots. Lots Of Improvements Done In The Last Few Years (Roof 2019). The Property Is Tenanted With Good Quality Tenants And Stable Income In-Place. Amazing Opportunity To Add Value! Increase Rents And Generate More Rental Income Or Completely Redevelop The Entire Site Into A Mixed Use 6+ Storey Building With 52+ Units. Official Plan Designated Mixed Use (Commercial/Residential). **** EXTRAS **** Prime Location, Corner Half Acre Lot, 2 Commercial Buildings On Property, High Demand Area With Great Exposure, Excellent Street Appeal, Good Quality Tenants, Lots Of Available Parking Spots On Site, Rent Increase & Development Potential.
PROPERTY FACTS
| Price | $2,864,061 USD | Status | Active |
| Price / SF | $219.67 USD / SF | Number of Properties | 2 |
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Cap Rate | 4.20% | Total Building Size | 13,038 SF |
| Sale Type | Investment | Total Land Area | 0.48 AC |
| Price | $2,864,061 USD |
| Price / SF | $219.67 USD / SF |
| Sale Condition | Redevelopment Project |
| Cap Rate | 4.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,038 SF |
| Total Land Area | 0.48 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 6060 Hwy-7 E, Markham, ON L3P 3B4 | Office | 9,000 SF | 1970 | - |
| 6070 Hwy-7 E, Markham, ON L3P 3B4 | Office | 4,038 SF | 1970 | - |
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6060-6070 Highway 7 E
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