Description

Tenanted, Fully Equipped Food Court Unit at King Square Shopping Centre. This is one of the few available food court units at King Square Shopping Centre. With 4+5 years remaining on the lease and a steady $3,500/month rental income, this property represents a truly cash-flowing investment opportunity. King Square Shopping Centre is 340,000 sqft comprising of office, retail, restaurant, supermarket, gymnasium, virtual golf simulator, daycare, floral shop, dentist, doctor, fertility clinic, medical offices, cultural centre, roof top garden, and other amenities! Over 850 parking spots available including underground parking. Additional potential with increasing occupancy and development in the surrounding area. (id:66096)

Property Details

MLS®: N13803258
Property Type: Retail
Zoning: Hospitality/Food Related
Interior Size: 500 ft²
Frontage: 14 ft
Heating: Forced air
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $5,702.4/yr
Listed: 47 days ago

Market Timing

Days on market

47d

Markham (Cachet) listings, avg age

87d

Price / ft²

$1,316

List price

$658K

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.

Haho

This retail in Markham (Cachet) has been listed for 47 days, which is 40 days fresher than the city average of 87. Act while there is still low competition.

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Area context

Neighbourhood profile (L6C)

This home lists at $658,000, about 5.6× the local median household income of $118,000.

Carrying it typically needs a household income of about $128,530 (20% down, 25-yr amortization, stress-tested) — roughly 9% above the area median.

Median household income: $118,000
Population: 51,738
Median age: 41.2
Owner / renter: 86% / 14%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L6C)

$658,000· $1,316/ft²

For sale

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Financing

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9390 Woodbine Avenue, Markham (Cachet) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (L6C)

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