#121 3621 Highway 7 East, Markham (Unionville) - Business for Sale
#121 3621 Highway 7 East, Markham (Unionville), Ontario, L3R0G6
This business in Markham is for sale offering roughly 574 sq ft of space. It has been on the market 60 days, fresher than the Markham average of 63 days.
Description
Excellent opportunity in a prime commercial plaza with great visibility, strong foot traffic, ample free parking, and surrounded by residential buildings and offices. The unit is approved for takeout restaurant use and is ideal for a sushi takeout restaurant, bakery, dessert shop, café, retail business, or other takeout concepts. The existing stove and exhaust hood have been removed. Any new operator requiring a stove and exhaust system will be responsible for obtaining the necessary permits and completing the installation. Monthly rent is $4,477.49 including TMI and HST. Current lease runs until 2031 with a 5-year renewal option. Great location with flexible business potential. Brand not included. (id:66096)
Property Details
- MLS®
- N13750316
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 574 ft²
- Frontage
- 200 ft
- Building Area
- 574 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $1/yr
- Listed
- 60 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 60 days on market, against an average age of 63 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Markham (Unionville) has been listed for 60 days, which is 3 days fresher than the city average of 63. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L3R)
This home lists at $30,000, about 0.3× the local median household income of $93,000.
Carrying it typically needs a household income of about $5,860 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $93,000
- Population
- 62,060
- Median age
- 46.4
- Owner / renter
- 83% / 17%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA L3R)
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$30,000
Markham