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28 S Unionville Av
Markham, ON L3R 4P9

$510,965 USD

Storefront Retail Office Condo For Sale  •  769 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 769 SF
  • Lot Size 6.44 AC
  • Building Class B
  • Year Built 2011
  • Cap Rate 5.00 %
  • Tenancy Multiple
  • Zoning C
50 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1035 Retail 769 SF $510,965 USD
  • Unit Size: 769 SF
  • Condo Use: Retail
  • Price: $510,965 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $664.45 USD
Description
Rare opportunity to purchase a restaurant space in one of Markham's hottest plazas. Situated in one of the best locations at Langham Square, this unit offers excellent visibility and exposure, with the added advantage of directly facing the parking area for easy access and strong storefront presence. Currently operating as a restaurant with a very stable tenant in place for 8 years, with 2 more years remaining on the lease, and never late on rent. Total area is approx. 769 sq ft (approx. 692 sq ft net retail). Plenty of visitor parking is available on both the surface and underground levels. A covered arcade walkway provides convenient all-weather access in rain or snow. Existing commercial venting and restaurant build-out are in place, and the electrical system has been upgraded to 400A three-phase service to support high-demand kitchen equipment. Seller invested approximately $250K, including ventilation/hood system, make-up air, grease interceptor, and related approvals/permits-a valuable head start for food operators (Refer to the inclusion list).

Sale Notes
Currently operating as a restaurant with a very stable tenant in place for 8 years, with 2 more years remaining on the lease, and never late on rent. Total area is approx. 769 sq ft (approx. 692 sq ft net retail). Plenty of visitor parking is available on both the surface and underground levels.

Description

HVAC (Heat Pump) System Air Makeup System Fire Protection System The Plumbing meet OBC required Wells 48" Ventless Hood Grease Interceptor Hot Water Tank Entrance Air Curtain CCTV System Ceiling Mount Speakers Audio System1 x Handicap Washroom + 1 x Employee Washroom Bar Customization Customer Seats Area.

The electrical system has been upgraded to 400A three-phase service to support high-demand kitchen equipment. Seller invested approximately $250K, including ventilation/hood system, make-up air, grease interceptor, and related approvals/permits-a valuable head start for food operators

Highlights

T&T Supermarket nearby
Condo Nearby
Major Traffic Nearby

Financial Summary

Cap Rate: 5.00 %
Total Expenses: $13 USD

Major Tenants

Tenant SF Occupied Lease End Date
Canadian Jiangsu New comers association
Complex Care
Corebridge Development Corporation
Dua Cardiac Networks
Federation of Chinese Canadians in Markham
Game Station 1055 12/31/2020
Huaxia Acupunctre Centre
Lansing Dental Care
Tong Ji Chinese Medicine Clinic
We Care Health Centre

Amenities

  • Bus Line
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Unionville Go Station Rail (Stouffville Train - GO Transit) 3 min 15 min 0.8 mi
Centennial Go Station Rail (Stouffville Train - GO Transit) 5 min - 1.9 mi
Transit/SubwayDriveWalkDistance
Unionville Go Station Rail (Stouffville Train - GO Transit) 3 min 15 min 0.8 mi
AirportDriveWalkDistance
Billy Bishop Toronto City 35 min - 22.2 mi
Toronto Pearson International 44 min - 28.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Alan Zheng 164-787-7931 RE/MAX Realtron Realty Inc
Alan Zheng 164-787-7931 RE/MAX Realtron Realty Inc