Overview

This retail property in Markham is for sale offering roughly 385 sq ft of space.

Retail Space for Sale in Markham →All real estate in Markham →

Description

Excellent location. Facing the supermarket entrance. Very large flow of people.A deal for an entrepreneur or landlord! Located conveniently by 404 and 16th Ave, this unique property is one of few available food court units at King Square Shopping Centre. King Square Shopping Centre is 340,000 sqft, comprising office, retail, restaurant, supermarket, gymnasium, virtual golf simulator, daycare, floral shop, dentist, doctor, fertility clinic, medical offices, cultural centre, rooftop garden, and other amenities! Over 850 parking spots are available, including underground parking. Additional potential exists with increasing occupancy and development in the surrounding area. This brand new unit can be adapted to any food and beverage business, i.e., restaurant, bakery, bubble tea, integrate a franchise, or become a landlord! Serve dine-in patrons while limiting staffing by leveraging food court amenities or use as a ghost kitchen (Uber Eats, Fantuan, Skip the Dishes), utilizing the rear direct access to this unit or a preparation kitchen for other hospitality initiatives! This unit is ready to immediately serve residences, offices, and industrial businesses of the prestigious high-income Cachet community in Markham! Motivated seller. (id:66096)

Property Details

MLS®: N12172286
Property Type: Retail
Zoning: MC
Interior Size: 385 ft²
Frontage: 32 ft
Heating: Other
Cooling: Fully air conditioned
Property Tax: $4,102/yr
Listed: 528 days ago

Features

Lot Features: Elevator

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

528d

Markham (Cachet) listings, avg age

88d

Price / ft²

$1,558

List price

$600K

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) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by AIMHOME REALTY INC. · DAVID ZHU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6C)

This home lists at $599,900, about 5.1× the local median household income of $118,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$599,900· $1,558/ft²

For sale

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Financing

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#1TMP5 9390 WOODBINE Avenue, Markham (Cachet) - Retail for Sale