Overview

This retail property in Markham is for sale offering roughly 523 sq ft of space. It has been on the market 2 days, fresher than the Markham average of 95 days.

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Description

World on Yonge - Prime second-floor corner retail store featuring courtyard-facing windows, abundant natural light, and excellent visibility from the Shops on Yonge courtyard. Ideally positioned directly n front of the elevator and escalator along a busy hallway connecting to the food court. Beautifully finished with exceptional exposure in a vibrant mixed-use complex connected to four residential towers, with offices, a hotel, a supermarket, a bank, restaurants, and major amenities nearby. Suitable for retail, professional, medical, or service-related businesses, subject to permitted uses. Currently tenanted until November 10,2027, offering an excellent investment opportunity. Ample surface and underground visitor parking. Conveniently located at Yonge Street and Steeles Avenue, with easy access to public transit and Highways 407 and 404. Excellent value in a sought-after location! (id:66096)

Property Details

MLS®: N14137772
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: Commercial Retail, Health, Beauty...
Interior Size: 523 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $4,393.94/yr
Listed: 2 days ago

Market Timing

Days on market

Markham (Thornhill) listings, avg age

95d

Price / ft²

$860

List price

$450K

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 (Thornhill) has been listed for 2 days, which is 93 days fresher than the city average of 95. Act while there is still low competition.

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Area context

Neighbourhood profile (L3T)

This home lists at $450,000, about 4.7× the local median household income of $95,000.

Carrying it typically needs a household income of about $87,901 (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)

$450,000· $860/ft²

For sale

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#278 7181 Yonge Street, Markham (Thornhill) - Retail for Sale