$1,699,900
Newmarket
244 Main Street South, Newmarket (Central Newmarket), Ontario, L3Y3Z5
This retail property in Newmarket is for sale offering roughly 9,078 sq ft of space. It has been on the market 5 days, fresher than the Newmarket average of 71 days.
One of the most remarkable and attention-commanding properties in Newmarkets Award-Winning Historic Downtown, this iconic former theatre (once The Roxy and then The Odeon) now offers over 9,000 sq. ft. of gross floor area with full spanning roof beams, no columns and endless possibilities. Currently operating as a fitness and training centre, it awaits its next chapter as the next defining anchor for Main Street. Located just steps from The Postmark Hotel York Regions boutique urban hotel, this property enjoys immediate adjacency to Newmarkets most dynamic hospitality offerings. It's also just minutes from Fairy Lake and the Tom Taylor Trails, ideal for patrons seeking lifestyle and recreation. Nearby, the newest Bar Locale restaurant has joined an established roster of restaurants, patios, independent boutiques, and cultural venues lining Main Streets heritage stretch. Main Street Newmarket itself is built along an ancient First Nations trade route and celebrated today as a vibrant corridor of history, commerce, and cultural life. The downtown area is protected under a Heritage Conservation District, ensuring historical character is preserved while supporting new investment. Zoned UC-D1, the building supports a broad range of permitted uses: commercial school, office, place of worship, restaurant, dinner theatre, micro-brewery, private club, spa, retail and more. With soaring 20 foot ceilings (17.5 clear) with historical character, this property is architecturally stunning and functionally flexible. Whether your vision is a boutique performance venue, destination dining, creative co-working, or experiential retail, this is Newmarkets succession statement building. Don't miss your chance to own one of Main Streets most storied properties and reimagine what comes next for downtown Newmarket! (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 5 days on market, against an average age of 71 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 30 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Newmarket (Central Newmarket) has been listed for 5 days, which is 66 days fresher than the city average of 71. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,699,900, about 18.3× the local median household income of $93,000.
Carrying it typically needs a household income of about $332,050 (20% down, 25-yr amortization, stress-tested) — roughly 257% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3Y)
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