245 Main Street
Newmarket, L3Y 3Z4
FOR SALE
$2,699,000

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Commercial Retail
CATEGORY6,169 Sq Ft
TOTAL AREAN12466681
MLSIDContact 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.
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Property Details
Address
245 Main Street
Community
City
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
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Listing contracted with Re/Max Community Realty Inc.
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