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:60365)
Property Details
| MLS® Number | N12466681 |
| Property Type | Retail |
| Community Name | Central Newmarket |
| EquipmentType | Water Heater, Furnace |
| RentalEquipmentType | Water Heater, Furnace |
Building
| BathroomTotal | 5 |
| Age | 100+ Years |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeInterior | 6169 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 112 Ft ,7 In |
| SizeFrontage | 44 Ft ,3 In |
| SizeIrregular | Unit=44.25 X 112.64 Ft ; Easement For Entry To Parking In Rear |
| SizeTotalText | Unit=44.25 X 112.64 Ft ; Easement For Entry To Parking In Rear |
| ZoningDescription | Commercial |
Ramanan Santhirasegaramoorthy
Broker
203 - 1265 Morningside Ave
Toronto, Ontario M1B 3V9
Navajeevan Anantharaj
Broker
203 - 1265 Morningside Ave
Toronto, Ontario M1B 3V9
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October 16 2025 09:03:27
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