Overview

This industrial property in Newmarket is for sale offering roughly 3,180 sq ft of space. It has been on the market 29 days, fresher than the Newmarket average of 75 days.

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Description

A Highly Functional Industrial Commercial Condo Unit Featuring High Ceilings, A Rear Drive In Door, Plenty Of Surface Parking, Minutes Access To HWY 404 And Future Bradford Bypass. Property Is Situated In The Heart Of Newmarket Industrial Park - A Highly Desirable Industrial Node. Nearby Surrounding Amenities Consists Of Costco, Walmart, All Major Banks, Shops, Restaurants, Cafes, Hospitality Accommodations, Transit, And More. Currently Built Out As Office Space; Can Be Reverted To Open Space To Accommodate Open Warehouse Logistics Or Industrial Use. Property Is Currently Zoned As EG (General Employment) - Manufacturing, Warehousing & Distribution, Wholesaling, Professional Offices, Medical, Training Facilities, Service Shops - Non-Automotive Focus, Printing & Tech. Potential For Rezoning To Accommodate A Variety Of Uses (Subject To Municipal Approval). (id:66096)

Property Details

MLS®: N13868100
Property Type: Industrial
Business Type: Industrial
Zoning: EG (General Employment)
Bathrooms: 1
Interior Size: 3,180 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $4,193.9/yr
Listed: 29 days ago

Market Timing

Days on market

29d

Newmarket (Newmarket Industrial Park) listings, avg age

75d

Price / ft²

$273

List price

$869K

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.

Haho

This industrial in Newmarket (Newmarket Industrial Park) has been listed for 29 days, which is 46 days fresher than the city average of 75. Act while there is still low competition.

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Area context

Neighbourhood profile (L3Y)

This home lists at $869,000, about 9.3× the local median household income of $93,000.

Carrying it typically needs a household income of about $169,746 (20% down, 25-yr amortization, stress-tested) — roughly 83% above the area median.

Median household income: $93,000
Population: 43,556
Median age: 45.6
Owner / renter: 68% / 32%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3Y)

$869,000· $273/ft²

For sale

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Financing

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#10 110 Pony Drive, Newmarket (Newmarket Industrial Park) - Industrial for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (L3Y)

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