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- Type: Commercial/Retail
- Age: -
- Days Listed: 6
- Last Updated: 6 days ago
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Sales Representative at Right at Home Realty, Brokerage
Commercial Condo Unit Located On High Traffic Hwy 7 E, In The Vibrant Heart Of York Region. Tenanted By Kinton Ramen, A High Growth Authentic Japanese Ramen Restaurant. Property Generates Strong Income From Lease Until 2028 With Substantial Escalation In 2021. Tenant Invested Over $800,000 On Improvements In The Space. Over 5.3% Cap Rate!
Tripple Net Lease. Tenant Responsible For All Common Charges And Taxes.
|Listed by:||VALUE INSIGHT REALTY INC., BROKERAGE|
|Heat Type:||Gas Forced Air Open|
|Tax Legal Description:||**Unit #58|
|Commercial Condo Fees:||3451|
|Cross Street:||Leslie & Hwy 7 East|
|Lot Size Units:||Feet|
|Retail Area Metric:||Sq Ft|
|Total Area Metric:||Sq Ft|
|$1,695,000 - for Sale - MLS#: N4996973|
This commercial/retail property at 54-58 - 505 Highway 7 Road East, Markham, L3T7T1 is currently for sale for $1,695,000. This property has been listed on Home.ca for 6 days and can be financed with an estimated mortgage of $5,742 per month*. Yearly property taxes for this home are approximately $12,300.
505 Highway 7 Road East is a Commercial/Retail home. The home's closest main intersection is Leslie & Hwy 7 East. The property is located in the Commerce Valley neighbourhood in the city of Markham, in the regional municipality of York. Nearby neighbourhoods are Thornlea, German Mills, Buttonville, Royal Orchard, Langstaff South.This home .
This home has a n basement. The garage is public. The property has central air for air conditioning.
Date of possession for this property is Immediate. This home was listed by VALUE INSIGHT REALTY INC., BROKERAGE according to MLS® Reciprocity.
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