3255 Highway 7, Markham, Ontario, L3R 3P9
Description
Excellent Investment Opportunity At Prestigious First Markham Place! Prime Commercial Unit Featuring Two Stable Long-Term Tenant (131 & 131A & 133) Total Monthly Net Rent at $5000/month. Tenants Responsible For TMI, Providing Strong And Predictable Cash Flow For Investors. Outstanding 6.33% 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. 133 currently paying $1800/month plus TMI until 31/12/2027.
Exterior
Construction
-
Water & Sewer
Municipal
Lot Size
-
Garage
Plaza
Taxes
$12K (2025)
Listing Brokerage
Brokerage Name
HOMELIFE LANDMARK RH REALTY
Samuel Muttiah
Transition Realtor | Canada to Southern California
KW Beverly Hills
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