$729,000

For sale

#3A 505 East Highway 7 Highway East, Markham (Commerce Valley) - Retail for Sale

#3A 505 East Highway 7 Highway East, Markham (Commerce Valley), Ontario, L3T7T1

503 ft²Listed 32 days ago

Overview

This retail property in Markham is for sale offering roughly 503 sq ft of space. It has been on the market 32 days, fresher than the Markham average of 47 days.

#226-230 505 Highway 7 Avenue East, Markham (Commerce Valley), Ontario, L3T7T1

1,565 ft²

Listed by RE/MAX IMPERIAL REALTY INC.

#A26 & A27 505 Highway 7 East, Markham (Commerce Valley), Ontario, L3T7T1

For sale

50 days ago

$1.38M

#A26 & A27 505 Highway 7 East, Markham (Commerce Valley), Ontario, L3T7T1

1 ba832 ft²

Listed by SAM MCDADI REAL ESTATE INC.

#A18 & A19 505 Highway 7 East, Markham (Commerce Valley), Ontario, L3T7T1

For sale

213 days ago

$659K

#A18 & A19 505 Highway 7 East, Markham (Commerce Valley), Ontario, L3T7T1

1 ba486 ft²

Listed by JDL REALTY INC.

$729,000

Markham

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Description

This is a retail unit located in a very busy commercial plaza known as commerce gate. Located in a densely populated neighborhood with residential buildings and office buildings. lot of very busy restaurants and eating places. (id:66096)

Property Details

MLS®: N13859050
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: commercial retail
Interior Size: 503 ft²
Heating: Hot water radiator heat, Natural gas
Cooling: Fully air conditioned
Property Tax: $3,344/yr
Listed: 32 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Markham (Commerce Valley) listings, avg age

47d

Price / ft²

$1,449

List price

$729K

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 (Commerce Valley) has been listed for 32 days, which is 15 days fresher than the city average of 47. Act while there is still low competition.

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Listed by HOMELIFE/BAYVIEW REALTY INC. · MEHBOOB (BOB) JAFRI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $729,000, about 7.7× the local median household income of $95,000.

Carrying it typically needs a household income of about $142,399 (20% down, 25-yr amortization, stress-tested) — roughly 50% above 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)

$729,000· $1,449/ft²

For sale

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Financing

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