2832 16th Avenue, Markham (Cachet), Ontario, L3R0K8
This office property in Markham is for sale offering roughly 14,744 sq ft of space. It has been on the market 15 days, fresher than the Markham average of 90 days.
A Rare Offering on Prestigious 16th Avenue in the Heart of Unionville/Markham! Built in 1997, this distinctive freestanding institutional building sits on approximately 1.21 acres, featuring a unique ravine setting with no immediate neighbours on three sides. Exceptional visibility, prominent street exposure, and convenient accessibility make this a standout opportunity for owner-users, investors, and organizations alike. Two entrances, expansive windows, and a welcoming reception area complement a versatile interior featuring numerous classrooms and private offices, along with generous open spaces offering flexibility to create additional rooms. Currently operating a private school with an official IELTS Test Venue, the property is well suited to a range of educational activities. A spacious indoor gymnasium with basketball and badminton facilities boasts exceptionally high ceilings, offering potential for conversion to a dealership garage or workshop. Additional highlights include a private executive office with a shower room, six luxuriously renovated washrooms, and a rooftop BBQ area with beautiful, unobstructed views. Potential uses include a school, daycare, corporate head office, luxury car dealership, retail, or residential use, with all proposed uses. Surrounded by established neighbourhoods and growing residential and commercial developments, this remarkable property combines privacy, presence, and versatility in one of Markham's most sought-after locations. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 15 days on market, against an average age of 90 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 office in Markham (Cachet) has been listed for 15 days, which is 75 days fresher than the city average of 90. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $9,480,000, about 101.9× the local median household income of $93,000.
Carrying it typically needs a household income of about $1,851,776 (20% down, 25-yr amortization, stress-tested) — roughly 1891% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3R)
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