• Type: Commercial/Retail
  • Age: -
  • Days Listed: 6
  • Last Updated: 6 days ago

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Rafal Starmach, Sales Representative

Rafal Starmach

Sales Representative at Right at Home Realty, Brokerage

Description

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!

Extras

Tripple Net Lease. Tenant Responsible For All Common Charges And Taxes.

Features

Facts
Type:Commercial/Retail
Age:-
Type:Q.
Property Type:CommercialProperty
Taxes:12299.56
Zoning:Commercial Retai
Listed by:VALUE INSIGHT REALTY INC., BROKERAGE
MLS®#:N4996973
Property Type:Commercial/Retail
Type:Hospitality/Food Related
Property Type:Retail
Property
Status:Sale
Type:Q.
Type:Hospitality/Food Related
Property Type:CommercialProperty
Property Type:Commercial/Retail
Property Type:Retail
Community:Commerce Valley
Availability Date:Immediate
Inside
Air Conditioning:Y
Building
Basement:N
Heat Type:Gas Forced Air Open
Elevator:None
Freestanding:N
Water Supply:Municipal
Parking
Garage Type:Public
Fees
Tax Year:2019
Tax Legal Description:**Unit #58
Taxes:12299.56
Commercial Condo Fees:3451
Taxes Type:Annual
Land
Cross Street:Leslie & Hwy 7 East
Municipality District:Markham
Sewer:San+Storm
Lot Size Units:Feet
Zoning:Commercial Retai
Municipality:Markham
Municipality District:York
Commercial Specific
Rail:N
Retail Area:2797
Retail Area Metric:Sq Ft
Sprinklers:Y
Total Area:2797
Total Area Metric:Sq Ft
Lot Code:Unit
Utilities
Utilities:Y
$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.

Elementary Schools

Doncrest Public School

JK-8, Public, 1.45 km

Adrienne Clarkson Public School

1-8, Public, 1.27 km

Willowbrook Public School

JK-8, Public, 1.74 km

Christ the King Catholic Elementary School

JK-8, Catholic, 1.86 km

St Rene Goupil-St Luke Catholic Elementary School

JK-8, Catholic, 2.04 km

Bayview Fairways Public School

JK-8, Public, 2.67 km

Secondary Schools

St Robert Catholic High School

9-12, Catholic, 1.05 km

Thornlea Secondary School

9-12, Public, 1.93 km

A Y Jackson Secondary School

9-12, Public, 4.45 km

Msgr Fraser College (Northeast)

9-12, Catholic, 4.36 km

St Augustine Catholic High School

9-12, Catholic, 4.31 km

Brebeuf College School

9-12, Catholic, 4.71 km

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For property value of $1,695,000 and downpayment of 20% ($339,000), your mortgage will be $5,742.00

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