245 Main Street S Newmarket, Ontario L3Y 3Z4
$2,699,000
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. (id:50886)
Property Details
| MLS® Number | N12466681 |
| Property Type | Retail |
| Community Name | Central Newmarket |
| Equipment Type | Water Heater, Furnace |
| Rental Equipment Type | Water Heater, Furnace |
Building
| Bathroom Total | 5 |
| Age | 100+ Years |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 6,169 Ft2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 112 Ft ,7 In |
| Size Frontage | 44 Ft ,3 In |
| Size Irregular | Unit=44.25 X 112.64 Ft ; Easement For Entry To Parking In Rear |
| Size Total Text | Unit=44.25 X 112.64 Ft ; Easement For Entry To Parking In Rear |
| Zoning Description | Commercial |
Contact Us
Contact us for more information
Ramanan Santhirasegaramoorthy
Broker
www.getnewhomes.com/
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twitter.com/getnewhomes
203 - 1265 Morningside Ave
Toronto, Ontario M1B 3V9
(416) 287-2222
(416) 282-4488
Navajeevan Anantharaj
Broker
(416) 272-8543
www.navajeevan.ca/
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203 - 1265 Morningside Ave
Toronto, Ontario M1B 3V9
(416) 287-2222
(416) 282-4488
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October 23 2025 02:39:38
Toronto Regional Real Estate Board
RE/MAX Community Realty Inc.