245 Main Street

Newmarket, L3Y 3Z4
FOR SALE
$2,699,000
245 Main Street, Newmarket
Commercial Retail
CATEGORY
6,169 Sq Ft
TOTAL AREA
N12466681
MLSID
Contact Us
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.
Property Details
Address
245 Main Street
Postal Code
L3Y 3Z4
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
Commercial
Lot Size
44' x 113'
Total Area
6,169 Sq Ft
Retail Area
3,094 Sq Ft
Taxes
$18,279 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
Outside/Surface
Listing contracted with Re/Max Community Realty Inc.
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
134542862