1/486 - 505 HIGHWAY 7 E, Markham (Commerce Valley)
86 - 505 HIGHWAY 7 E, Markham (Commerce Valley), ON L3T7T1
$499,000 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
83%
About this property
Own a rare income-producing commercial condo in iconic Commerce Gate, one of Markham/Thornhill's busiest and most established food and retail destinations. The unit offers exceptional daily traffic and visibility, facing the heart of the parking lot and surrounded by restaurants, retail, offices and high-density residential. Ample parking, easy access to Hwy 404, 407 and transit, and minimal management make this a turnkey investment in a proven, high-demand location. Long-term AAA tenant operating a well-recognized bubble tea brand can stay or go. Lease terms to be negotiated. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$26K
Annual cash flow
$-2K
Cash-on-cash
-1.06%
DSCR
0.94
Going-in cap
5.22%
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
78,546
Households
32,411
Median income
$94,500
Median age
43
Daytime population
80,608
5-yr growth
8.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 86 - 505 HIGHWAY 7 E, Markham (Commerce Valley).
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.