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$ 2,699,000
Est. payment /mo
Active
245 Main ST S Newmarket, ON L3Y 3Z4
5 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Central Newmarket
MLS Listing ID N12466681
Annual Tax Amount $18,278
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Location! Location! Location! Rare opportunity to own a prime mixed-use building in the heart of Downtown Newmarket on Main Street, between Water & Timothy Streets high-traffic, high-exposure area surrounded by shops, restaurants, and major businesses. Property features 2 commercial units (popular convenience store & pizza shop) and 2 residential apartments above, generating approx. $12,000/month in rental income. Excellent potential to increase income by another $8,000/month by adding two more residential units or one office space and a basement commercial unit. Includes a large basement with walk-out, perfect for expansion or storage. Building underwent major structural and mechanical renovations in 2013, offering long-term stability and minimal maintenance. Fantastic opportunity for investors or end users seeking strong returns and future growth in one of York Regions most vibrant downtown communities.
Location
Province ON
County York
Area York
Zoning Commercial
Interior
Cooling Yes
Exterior
Parking Features Outside/Surface
Utilities Available Available
Building
Building Age 100+
Lot Description Unit
Lited by RE/MAX COMMUNITY REALTY INC.