Prime Mixed-Use Investment Opportunity in Markham. Exceptional chance to acquire a high-performing, turnkey mixed-use property in a prime Markham location. Built just 5 years ago with quality craftsmanship throughout, this asset offers strong cash flow, diversified income, and long-term stability. Situated on a 60 x 165 ft lot, the property offers approximately 6,000 sq. ft. (4,500 sq. ft. above grade plus a fully finished basement). It features six residential apartments and two commercial units, creating multiple income streams. The property generates an estimated net income of approximately $158,000 annually, reflecting a cap rate of 5.5%-6%, with upside potential as rents increase. Designed for efficiency, the building includes 400-amp service, 7 hydro meters, and individual 100-amp panels. Each unit has independent heating and central A/C with top-of-the-line air handlers and HRV systems, plus a hot water boiler and two hot water tanks. Units feature modern, high-quality finishes including custom solid wood millwork, quartz countertops, stainless steel appliances, porcelain tile, smooth ceilings, pot lights, and towel warmers. Each unit is equipped with its own washer, dryer, and dishwasher for added convenience. The fully finished basement contains two separate units and includes heated floors, high ceilings, large windows, and separate entrances, adding flexibility and usability. Exterior features include an accessibility ramp, 9 parking spaces, and built-in EV charging infrastructure. Zoned RD4/O, allowing residential and office use, ideal for investors or professionals seeking to operate a business on-site while benefiting from stable residential income. A rare opportunity to secure a modern, income-generating asset in one of Markham's most desirable locations with strong in-place returns and future growth potential. Check out the virtual tour.
Address
352 Main Street N
List Price
$2,768,000
MLS® Status
New
Expiration Date
2026-08-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Markham
Sub-Area
Old Markham Village
Region
York
Bathrooms
8
Lot Size Source
MPAC
Lot Depth
165
Lot Type
Building
Lot Irregularities
Irregular as per Geowarehouse
Lot Size Units
Feet
Lot Width
60
Parcel Number
029060293
Total Building Area
4500
Occupant Type
Tenant
Cross Street
Markham & 16th
MLS® Number
N13041978
Listing Brokerage
RE/MAX REALTRON REALTY INC.
| RE/MAX EXCEL REALTY LTD.
Basement
Yes
Postal Code
L3P 1Z1
Posession Details
Immediate/TBA
Parking Spaces
9
Tax Amount
$15,288.00
Tax Year
2025
Site Influences
Major Highway, Public Transit
Community Features
Major Highway, Public Transit
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 15 CON 7 MARKHAM AS IN R673399; S/T R328734 ; MARKHAM ;
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