ON > Newmarket > Central Newmarket
Newmarket, ON L3Y 3Z4,245 Main ST S
$2,699,000
Est. payment /mo
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5 Baths
6,169 SqFt
Active

245 Main ST S Newmarket, ON L3Y 3Z4

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 6,169 sqft

Price per Sqft $437

Subdivision Central Newmarket

MLS Listing ID N12466681

Annual Tax Amount $18,278

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

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.

Location

Province ON

County York

Community Central Newmarket

Area York

Interior

Cooling Yes

Exterior

Utilities Available Available

Lot Frontage 44.25

Lot Depth 112.64

Building

Building Age 100+

Others

Security Features Yes

ParcelsYN No

Listed by RE/MAX COMMUNITY REALTY INC.
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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245 Main ST S

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