$2,190,000

For sale

#201 20 Gibson Avenue, Markham (Milliken Mills West) - Retail for Sale

#201 20 Gibson Avenue, Markham (Milliken Mills West), Ontario, L3R0M7

350 parking3,978 ft²Listed 40 days ago

Overview

This retail property in Markham is for sale offering roughly 3,978 sq ft of space. It has been on the market 40 days, fresher than the Markham average of 85 days.

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

Description

Excellent opportunity to acquire a highly visible corner commercial unit in an established Markham commercial complex. Approx. 3,978 SF with three-sided exposure (east, south and north) along Warden Avenue, providing excellent visibility and natural light. Ideal for owner-users or investors looking to establish a long-term presence in a well-established commercial area. Surrounded by retail, restaurants and professional businesses, with ample on-site parking. Conveniently located just north of Steeles Avenue, steps to YRT/Viva/TTC transit and minutes to Highways 404, 407 and 401. A versatile commercial property in a prime Markham location with strong accessibility and exposure. (id:66096)

Property Details

MLS®: N13830028
Property Type: Retail
Zoning: Restaurant/Office/Investment
Parking: 350
Interior Size: 3,978 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $16,674.02/yr
Listed: 40 days ago

Features

Lot Features: Elevator

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Markham (Milliken Mills West) listings, avg age

85d

Price / ft²

$551

List price

$2.19M

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 (Milliken Mills West) has been listed for 40 days, which is 45 days fresher than the city average of 85. Act while there is still low competition.

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Listed by RC BEST CHOICE REALTY CORP · REX CHENG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3R)

This home lists at $2,190,000, about 23.5× the local median household income of $93,000.

Carrying it typically needs a household income of about $427,784 (20% down, 25-yr amortization, stress-tested) — roughly 360% 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)

$2,190,000· $551/ft²

For sale

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Financing

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