5775 Highway 7 N/A E, Markham, ON L3P 1A5

Markham L3P 1A5 Ontario

MLS: N12418230

$2,950,000

Added 2 hours ago | For Sale

Listed by: HOMELIFE/BAYVIEW REALTY INC.

About Property

Free-standing investment property with prime exposure on Highway 7. Former Tom's Burgers with many permitted uses. 1,800 sf main floor plus 1,500 sf basement. Clean environmental done in 2020. Currently leased to a top brand franchise. Tenant willing to stay or will consider selling the business if purchaser wants vacant possession. Current lease until June 2032 with escalations, with two - 5 year options to renew with strong franchise covenants. New roof shingles, downspouts, all new electrical, and main floor flooring installed in 2022.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 50 X 212
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:Hwy 7/Ovida
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $21002.37
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:N12418230

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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