This industrial property in Markham is for sale offering roughly 2,075 sq ft of space. It has been on the market 13 days, fresher than the Markham average of 85 days.

Description

Rare opportunity to invest a high demand 2075 Sq Ft unit in the desirable Clayton Business Park, well-maintained industrial unit features one drive-in shipping door, an impressive 18 8' clear ceiling height, a 2-piece washroom, 600-volt, 100-amp electrical service, and hardwood flooring in the office area. Ideal for distribution, warehousing, showroom, data processing, manufacturing, service industries, and a wide range of other business uses. An excellent investment opportunity with an existing tenant in place, providing stable rental income. (id:66096)

Property Details

MLS®: N14108486
Property Type: Industrial
Business Type: Industrial
Zoning: M - Select Industrial Zone
Bathrooms: 1
Interior Size: 2,075 ft²
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $8,441.62/yr
Listed: 13 days ago

Market Timing

Days on market

13d

Markham (Milliken Mills West) listings, avg age

85d

Price / ft²

$429

List price

$890K

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 industrial in Markham (Milliken Mills West) has been listed for 13 days, which is 72 days fresher than the city average of 85. Act while there is still low competition.

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Area context

Neighbourhood profile (L3R)

This home lists at $890,000, about 9.6× the local median household income of $93,000.

Carrying it typically needs a household income of about $173,848 (20% down, 25-yr amortization, stress-tested) — roughly 87% above 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)

$890,000· $429/ft²

For sale

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#2 195 Clayton Drive, Markham (Milliken Mills West) - Industrial for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L3R)

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