



Sales Representative
Price
$2,699,000
Bedrooms
Not listed
Bathrooms
5 Baths
Size
6169 sqft
Year Built
100+
Property Type
Commercial
Property Taxes
$18278.68
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.
Access detailed sale and tax history information
Total Monthly Payment
$11,219 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,159,200
Total Interest Payments
$1,331,279
Total Payment (Principal + Interest)
$3,490,479
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000

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