$429,000

For saleJust listed

#247 7181 Yonge Street, Markham (Grandview) - Retail for Sale

#247 7181 Yonge Street, Markham (Grandview), Ontario, L3T0C7

551 ft²Listed 5 days ago

Overview

This retail property in Markham is for sale offering roughly 551 sq ft of space. It has been on the market 5 days, fresher than the Markham average of 95 days.

#281 7181 Yonge Street, Markham (Grandview), Ontario, L3T0C7

308 ft²

Listed by BENCHMARK SIGNATURE REALTY INC.

#132 7181 Yonge Street, Markham (Grandview), Ontario, L3T0C7

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21 days ago

$198K

#132 7181 Yonge Street, Markham (Grandview), Ontario, L3T0C7

422 ft²

Listed by REMAX YC REALTY

#111 7163 Yonge Street, Markham (Grandview), Ontario, L3T0C6

For sale

73 days ago

$949K

#111 7163 Yonge Street, Markham (Grandview), Ontario, L3T0C6

1 ba890 ft²

Listed by RE/MAX EXCEL REALTY LTD.

#204 7181 Yonge Street, Markham (Grandview), Ontario, L3T0C7

For sale

99 days ago

$145K

#204 7181 Yonge Street, Markham (Grandview), Ontario, L3T0C7

248 ft²

Listed by HOMELIFE FRONTIER REALTY INC.

$429,000

Markham

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Description

Prime 551 SF retail food court unit strategically situated at Yonge & Steeles. Features a fully equipped, turn-key kitchen station configured for immediate operational readiness. Positioned within a high-density mixed-use complex anchored by a major supermarket, corporate offices, hotel, and residential towers, ensuring sustained daily foot traffic. Exceptional accessibility via transit lines and proximity to the upcoming Yonge Subway Extension. Generating an attractive near 7% capitalization/rental yield, this property presents an ideal acquisition for both yield-focused investors and expanding F&B operators. (id:66096)

Property Details

MLS®: N14130800
Property Type: Retail
Zoning: Commercial
Interior Size: 551 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $7,230.33/yr
Listed: 5 days ago

Features

Lot Features: Elevator

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Markham (Grandview) listings, avg age

95d

Price / ft²

$779

List price

$429K

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 (Grandview) has been listed for 5 days, which is 90 days fresher than the city average of 95. Act while there is still low competition.

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Listed by HC REALTY GROUP INC. · JASON ZHENG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $429,000, about 4.5× the local median household income of $95,000.

Carrying it typically needs a household income of about $83,799 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $95,000
Population: 50,405
Median age: 47.2
Owner / renter: 76% / 24%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3T)

$429,000· $779/ft²

For sale

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Financing

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