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245 MAIN STREET S, Newmarket, Ontario, L3Y 3Z4

MLS® # N12466681
Commercial For Sale In Newmarket, Ontario
$2,699,000

None Beds

5 Baths

245 Main Street S, Newmarket, ON
  • Advertising
245 MAIN STREET S, Newmarket, Ontario, L3Y 3Z4
$2,699,000

Property Information:

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. (id:27)

Building Features:

  • Style: Retail
  • Air Conditioning: Yes
  • Floor Space: 6169 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Retail
  • Bathrooms: 5
  • Floor Space (approx): 6169 Square Feet
  • Irregular: Yes
  • Lot Depth: 112.6 Feet
  • Lot Frontage: 44.3 Feet
  • Lot Size: Unit=44.25 x 112.64 FT ; Easement For Entry To Parking In Rear
  • Zoning: Commercial
  • Sewer: Sanitary sewer

Courtesy of: RE/MAX COMMUNITY REALTY INC.

REALTOR.ca  

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Market Price Trends

All Properties

-2.39%

Price change (1 year)

31.6%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 245 MAIN STREET S, Newmarket, Ontario, L3Y 3Z4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

45/100

Moderate

ClimateCheck®

Current data

This property, 245 MAIN STREET S , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

54/100

Moderate

ClimateCheck®

Current data

This property, 245 MAIN STREET S , experiences 11 significant 2-day storms per year, with about 285.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 353.4mm of precipitation per year.

Precipitation Per Storm

Past
285.5mm
2050
353.4mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 245 MAIN STREET S, Newmarket, Ontario, L3Y 3Z4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$156,228.77

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.22 %

High school certificate or equivalent

24.29 %

Apprenticeship trade certificate/diploma

3.99 %

College/non-university certificate

21.54 %

University certificate (below bachelor)

2.89 %

University Degree

32.06 %

Commuter

Travel To Work

By Car

79.75 %

By Public Transit

7.04 %

By Walking

10.23 %

By Bicycle

0.56 %

By Other Methods

2.42 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.44 %

Houses

59.56 %

Own Vs. Rent

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