Description

Turnkey Investment Opportunity: Tenanted with Immediate Positive Cash Flow! Secure a hassle-free, income-generating asset in North America's largest indoor Asian shopping center with 270,000 SF, 450 individual strata units. This prime unit features a brand-new lease, delivering immediate profitability from day one. Fully tenanted retail asset which is clean, no food, no mess, no pest, requires minimal hands-on management. Legendary high-Demand hub, 365-day shopping destination with massive daily crowds. (id:66096)

Property Details

MLS®: N13458770
Property Type: Retail
Zoning: Retail/Commercial
Interior Size: 290 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $11,472.38/yr
Listed: 140 days ago

Market Timing

Days on market

140d

Markham (Milliken Mills East) listings, avg age

54d

Price / ft²

$996

List price

$289K

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

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Area context

Neighbourhood profile (L3R)

This home lists at $288,888.88, about 3.1× the local median household income of $93,000.

Carrying it typically needs a household income of about $56,430 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$288,888.88· $996/ft²

For sale

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Financing

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#E9 4300 Steeles Avenue East, Markham (Milliken Mills East) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (L3R)

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