For Sale · Retail

305 - 15 MAXIMILLIAN LANE, Markham (Milliken Mills East)

305 - 15 MAXIMILLIAN LANE, Markham (Milliken Mills East), ON L3R0L5

$1.4M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

85%

About this property

Assignment sale. Brand new condo townhouse 1420 sq ft with terrace 119 sq ft. 1 EV parking is included. This unit features a versatile two-level live/work unit that seamlessly combines professional and residential spaces. The entry level is designed for business use, offering a spacious work area measuring 21'1" x 19'2", ideal for offices, studios, or client-facing operations. A barrier-free washroom on this level ensures accessibility for all, meeting inclusive design standards. Additional features include a mechanical room, storage space, and a closet, enhancing functionality. The live/work entrance provides dedicated access for business purposes, maintaining a clear division between work and personal life. The second level is tailored for comfortable living. It includes an open-concept living and dining area with access to a private balcony, creating an inviting indoor-outdoor flow. The kitchen is equipped with modern amenities, a breakfast bar, and a conveniently located laundry area. The bedroom, complete with a walk-in closet, offers privacy and practicality. This unit is perfect for those seeking a functional and stylish live/work environment. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.38M
Down payment30% · $414K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$72K

Annual cash flow

$-5K

Cash-on-cash

-1.19%

DSCR

0.94

Going-in cap

5.18%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

102,455

Households

39,152

Median income

$63,500

Median age

42.3

Daytime population

133,339

5-yr growth

4.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 305 - 15 MAXIMILLIAN LANE, Markham (Milliken Mills East).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.