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505 Hwy 7 E - C & D 364 SF Retail Condo Unit Offered at $555,888 CAD in Markham, ON L3T 7T1
Investment Highlights
- Steady rental income
- Heavy foot traffic
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Sale Notes
Level up your portfolio with this rare retail unit at the iconic Commerce Gate Plaza! Benefit from steady rental income from a long-term tenant operating a thriving bubble tea business. The unit faces 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 Rent + TMI + All Utilities. Minimal Management Required. Lease Terms to Be Negotiated Upon Conditional Offer, Tenant to pay $80 per sq ft.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 86 | 364 SF | Retail | $555,888 CAD ($1,527.16 CAD/SF) | - |
Unit 86
| Unit Size |
| 364 SF |
| Condo Use |
| Retail |
| Price |
| $555,888 CAD ($1,527.16 CAD/SF) |
| NOI |
| - |
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Unit 86
| Unit Size | 364 SF |
| Condo Use | Retail |
| Price | $555,888 CAD ($1,527.16 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
| Level up your portfolio with this rare retail unit at the iconic Commerce Gate Plaza! Benefit from steady rental income from a long-term tenant operating a thriving bubble tea business. The unit faces 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 Rent + TMI + All Utilities. Minimal Management Required. Lease Terms to Be Negotiated Upon Conditional Offer, Tenant to pay $80 per sq ft.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 26,973 SF | Typical Floor Size | 26,973 SF |
| Property Type | Retail (Condo) | Year Built | 1988 |
| Property Subtype | Storefront | Lot Size | 5.25 AC |
| Building Class | C | Parking Ratio | 2.22/1,000 SF |
| Floors | 1 | ||
| Zoning | BC - Business Commercial | ||
| Total Building Size | 26,973 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 26,973 SF |
| Year Built | 1988 |
| Lot Size | 5.25 AC |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | BC - Business Commercial |
Amenities
- Bus Line
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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505 Hwy 7 E - C & D
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