226 - 340 FERRIER STREET, Markham (Milliken Mills West)226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 2226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 3226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 4226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 5226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 6226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 7226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 8226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 9226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 10226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 11226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 12226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 13226 - 340 FERRIER STREET, Markham (Milliken Mills West) — photo 14
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For Sale · Office

226 - 340 FERRIER STREET, Markham (Milliken Mills West)

226 - 340 FERRIER STREET, Markham (Milliken Mills West), ON L3R2Z5

Price on request

738 SF

Asset Class

Office

Size

738 SF

Building class

B

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

98%

About this property

Prime Markham location at 340 Ferrier St with easy access to Steeles Ave., Highways 404 & 407 and convenient TTC/public transit. Approx. 738 sq. ft of open-concept office space with ample free parking. Suitable for a variety of professional office uses, including general administration, corporate, legal, accounting, financial services, real estate, consulting firms and more. A practical and well-connected location for professional business. New elevator, and recently renovated common area. No schools. No tutoring use. This is a Sub-Lease unit, the lease agreement till end of 2027. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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.

Rent roll (estimated)

TenantAreaExpiry
Summit Trades Supply400 SF2030-09
Summit Trades Supply400 SF2030-09
Summit Trades Supply400 SF2030-09

Area demographics

Trade area within 3 miles of the property.

Population

106,968

Households

44,205

Median income

$83,000

Median age

44.2

Daytime population

180,095

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for 226 - 340 FERRIER STREET, Markham (Milliken Mills West).

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.