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3255 Highway 7, Markham, Ontario, L3R 3P9

$580K
Beds -Baths -Sqft 804Parking -
3255 Highway 7 Photo 1

Description

Excellent Investment Opportunity At Prestigious First Markham Place! Prime Commercial Unit Featuring Two Stable Long-Term Tenant (131 & 131A) Currently Paying $3,200/Month Net Rent. Tenant Responsible For TMI, Providing Strong And Predictable Cash Flow For Investors. Outstanding 6.62% Cap Rate. Located In One Of Markham's Most Recognized And High Traffic Commercial Destinations With Over 170+ Retail Stores, Restaurants, Services & Food Court Vendors. Exceptional Exposure In A Busy Mixed-Use Commercial Hub Popular With Both Local & Regional Visitors. Conveniently Situated Along Highway 7 Between Woodbine Ave & Warden Ave With Quick Access To Hwy 404 & Hwy 407. Easily Accessible By YRT/Viva Transit Routes. Surrounded By Dense Residential Communities, Office Buildings, Hotels, Restaurants, Banks & Major Amenities. Excellent Long-Term Investment Potential In A Highly Desirable And Continuously Growing Markham Commercial Corridor.

Home Details

List Date

2026-09-01

Style

Retail

Type

Commercial/Retail

Status

Active

Year Built

UNKNOWN

Features

Bedrooms

-

Bathrooms

-

Heating

Gas Forced Air Closd

Cooling

-

Parking

- Spaces

Appliances & Equipment

Inclusions

Buyer to assume existing tenants. 131 & 131A currently paying total of $3200/month Plus TMI. 131 Lease at $1700/month until 30/04/2027 with 5 year renewal option and 131A until 31/12/2029 at monthly rent of $1650/month after 01/01/2027.

Exterior

Construction

-

Water & Sewer

Municipal

Lot Size

-

Garage

Plaza

Taxes

$7K (2025)

Listing Brokerage

Brokerage Name

HOMELIFE LANDMARK RH REALTY

RealtHer Group

RealtHer Group

Real Estate Brokers

RE/MAX Metropolis

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