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505 Hwy 7 E
Markham, ON L3T 7T1

$400,908 USD

Storefront Condo For Sale  •  364 SF

Property Details

  • Property Type Storefront
  • Total Building Size 26,973 SF
  • Lot Size 5.25 AC
  • Building Class C
  • Year Built 1988
  • Tenancy Multiple
  • Zoning BC
70 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 86 Retail 364 SF $400,908 USD
  • Unit Size: 364 SF
  • Condo Use: Retail
  • Price: $400,908 USD
  • Sale Type: Investment
  • Price/SF: $1,101.39 USD
Description
Own a high-performing asset in one of Markham's busiest plazas! Benefit from steady and HIGH rental income from a long-term tenant operating a well recognized bubble tea brand. The unit faces the heart of the parking lot, offering plenty of foot traffic, and includes a washroom facility. With high-density residential and business surroundings, plus easy access to Highways 404 and 407, Commerce Gate is a popular destination for foodies! AAA Tenant pays high Rent + TMI + HST and all utilities. Minimal management required. Lease terms to be negotiated.

Sale Notes
Own a high-performing asset in one of Markham's busiest plazas! Benefit from steady and HIGH rental income from a long-term tenant operating a well recognized bubble tea brand. The unit faces the heart of the parking lot, offering plenty of foot traffic, and includes a washroom facility. With high-density residential and business surroundings, plus easy access to Highways 404 and 407, Commerce Gate is a popular destination for foodies! AAA Tenant pays high Rent + TMI + HST and all utilities. Minimal management required. Lease terms to be negotiated.

Description 

Own a high-performing asset in one of Markham's busiest plazas! Benefit from steady and HIGH rental income from a long-term tenant operating a well recognized bubble tea brand. The unit faces the heart of the parking lot, offering plenty of foot traffic, and includes a washroom facility. With high-density residential and business surroundings, plus easy access to Highways 404 and 407, Commerce Gate is a popular destination for foodies! AAA Tenant pays high Rent + TMI + HST and all utilities. Minimal management required. Lease terms to be negotiated.

Highlights

Steady rental income
Heavy foot traffic

Amenities

  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Langstaff Go Station Rail (Richmond Hill Train - GO Transit) 6 min - 2.1 mi
Richmond Hill Go Station Rail (Richmond Hill Train - GO Transit) 12 min - 4.3 mi
AirportDriveWalkDistance
Billy Bishop Toronto City 31 min - 19.4 mi
Toronto Pearson International 40 min - 24.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Rachel Mok 905-883-1988 Century 21 Atria Realty Inc Brokerage
Rachel Mok 905-883-1988 Century 21 Atria Realty Inc Brokerage