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244 Main St S 9,078 SF 100% Leased Retail Building Newmarket, ON L3Y 3Z5 $1,999,900 CAD ($220.30 CAD/SF)


Investment Highlights
- Located in Newmarket's historic downtown area.
- Steps away from Fairy Lake & Tom Taylor Trails.
- UC-D1 zoning.
- Offers over 9,000 SF of space.
Executive Summary
One of the most remarkable and attention-commanding properties in Newmarket's Award-Winning Historic Downtown, this iconic former theatre (once The Roxy and then The Odeon) now offers over 9,000 sq. ft. of gross floor area with full spanning roof beams, no columns and endless possibilities. Currently operating as a fitness and training centre, it awaits its next chapter as the next defining anchor for Main Street. Located just steps from The Postmark Hotel York Regions boutique urban hotel, this property enjoys immediate adjacency to Newmarket's most dynamic hospitality offerings. It's also just minutes from Fairy Lake and the Tom Taylor Trails, ideal for patrons seeking lifestyle and recreation. Nearby, the newest Bar Locale restaurant has joined an established roster of restaurants, patios, independent boutiques, and cultural venues lining Main Streets heritage stretch. Main Street Newmarket itself is built along an ancient First Nations trade route and celebrated today as a vibrant corridor of history, commerce, and cultural life. The downtown area is protected under a Heritage Conservation District, ensuring historical character is preserved while supporting new investment. Zoned UC-D1, the building supports a broad range of permitted uses: commercial school, office, place of worship, restaurant, dinner theatre, micro-brewery, private club, spa, retail and more. With soaring 20 foot ceilings (17.5 clear) with historical character, this property is architecturally stunning and functionally flexible. Whether your vision is a boutique performance venue, destination dining, creative co-working, or experiential retail, this is Newmarket's succession statement building. Don't miss your chance to own one of Main Streets most storied properties and reimagine what comes next for downtown Newmarket!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,078 SF
Building Class
B
Year Built
1953
Price
$1,999,900 CAD
Price Per SF
$220.30 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.18
Lot Size
0.18 AC
Zoning
UC-D1 - The area supports commercial uses, such as the existing health clinic, and residential uses.
Frontage
41’ on Main St
Exceptionally walkable
90/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 3
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244 Main St S
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