352 N Main St
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352 N Main St
4,000 SF 100% Leased Office Building Markham, ON L3P 1Z1 $2,842,837 USD ($711 USD/SF) 5.30% Cap Rate
Investment Highlights
- Residential & Commercial Unit
- Separate Entrances
- High Ceilings & Windows
Executive Summary
This newly built, 3-storey residential/commercial building presents a rare and valuable investment opportunity. The property features six fully leased residential apartments and two leased commercial units on the main floor, making it a reliable income-generating asset. The commercial spaces (Fully leased) are ideal for professional offices, medical practices, beauty services, or a variety of other business uses, and include wheelchair ramp access for convenience. The property also boasts a spacious paved driveway with ample parking available at the rear, as well as an EV charger. Additionally, there is a large finished basement with high ceilings, windows, and two separate entrances, offering further potential . Located in a prime area near shopping malls, restaurants, the GO station, and major highways, this property is perfectly positioned for long-term value. With a solid 5.3% CAP Rate, it offers an excellent return on investment in a rapidly growing community. EXTRAS - 6 sets of stainless steel fridge, stove, b/i dishwasher, washer & dryer, exhaust fans. All electrical light fixtures, 7 a/c units, hrv/air handling units. Separate hydro meters for each apartment, commercials units & hallway area.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,000 SF
Building Class
C
Year Built
2020
Price
$2,842,837 USD
Price Per SF
$711 USD
Cap Rate
5.30%
NOI
$150,670 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,333 SF
Building FAR
0.49
Lot Size
0.19 AC
Zoning
RD4
Parking
9 Spaces (2.25 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 of 1
Walk Score ®
Very Walkable (80)
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Presented by
JAFARI AMIRHASSAN
352 N Main St
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