12 Centre Street, Markham
Rare Investment Opportunity in the Heart of Markham! Own a charming heritage property near Main Street Markham Road, offering an exceptional blend of commercial and residential income potential. This attractive corner building features a ground-floor retail space plus two residential apartments, making it an ideal opportunity for investors seeking a mixed-use asset or end users looking to establish their business while generating rental income.The ground-floor commercial unit is leased at $4,500/month + HST, with a 5-year lease and an additional 5-year renewal option. The residential component includes a 2-bedroom, 1-bathroom apartment with estimated rental potential of $2,800/month and a 1-bedroom, 1-bathroom apartment with estimated rental potential of $2,000/month. All rents are plus water and hydro. Each unit is separately metered for hydro, while water is shared.The existing retail tenant may remain and negotiate a new 5-year lease, or vacate to accommodate another permitted use, subject to applicable approvals. A variety of potential uses may include a veterinary clinic, commercial school, medical or fitness facility, art gallery, professional office, restaurant, retail store and more.Whether you're expanding your investment portfolio, seeking a property with multiple income streams, or envisioning a location for your own business with residential rental income, this versatile heritage property offers outstanding flexibility and long-term potential in a desirable Markham location. A unique opportunity to invest, operate and grow! (id:1945)
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Property details for 12 Centre Street, Markham
- Type
- Commercial
- Living Area
- 1,500 square feet
- Lot Size
- 22 x 126 FT
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Annual Taxes
- $4,843
Nearby Listings Stat
Estimated price and comparable properties near 12 Centre Street
Active Listings
149
Min Price
$1
Max Price
$2,950,000
Avg Price
$1,082,277
Days on Market
58
days
Sold Listings
70
Min Sold Price
$48,000
Max Sold Price
$3,988,888
Avg Sold Price
$1,127,592
Days until Sold
51
days
Neighbourhood Census Data
Markham, Ontario
Population
544
Median Age
43.5
Median Income
$42,624
Dwelling Value
$752,764
Housing Tenure
Owners 78%
Renters 20%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.7
Pop. Density: 1,298.6/km²
Avg Shelter Cost: $1,635/mo
Owners with Mortgage: 64.5%
Owners Spending 30%+: 9.7%
Tenants Spending 30%+: 112.5%
English only: 88.9%
English and French: 11.1%
Neither: 1.9%
Median Household Income: $111,275
Median Employment Income: $40,192
Price History
Listed
October 26, 2026
by HOMELIFE/BAYVIEW REALTY INC.
Current Price
$1,630,000
Type
Commercial
For Sale
