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BEDROOMS7
BATHROOMS2
KITCHENS13
ROOMSN8470430
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Property Description
Welcome to an exceptional investment opportunity in the heart of a Tarion 2017 Homeowners Choice Award Winning community, crafted by Arista Homes. This expansive three-unit property combines the best of residential and commercial spaces, offering a unique live/work lifestyle with no maintenance fees.The property features a commercial unit on the ground floor, ideal for business ventures, complemented by two spacious 3-bedroom residential units, each with separate entrances for privacy and convenience.Enjoy impressive rental income potential from all three units, making it a lucrative opportunity for investors or those seeking multi-family living arrangements.Situated on a premium corner lot, the ground floor boasts soaring 11-foot ceilings, enhancing the spaciousness and appeal of the commercial space. The second level offers 9-foot ceilings, ensuring a bright and airy atmosphere throughout.Enhanced with numerous upgrades straight from the builder, including a fully interlocked exterior and an extended driveway providing ample parking space, this property promises both aesthetic charm and practical functionality.Conveniently located near all amenities, this property is poised to deliver a rental income of approximately $100,000 per year, making it an irresistible prospect for savvy investors and business owners alike.Don't miss out on this exceptional opportunity to own a versatile property that combines luxury living with income-generating potential.
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Extras
three addresses: 1 Villa Ada Drive & 2 John Rudkin Ln & 4 John Rudkin Ln with three mail box.
Property Features
Clear View, Golf, Hospital, Public Transit, School Bus Route, Terraced
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Property Details
Street
Community
City
Property Type
Triplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
39' x 86'
Lot Irregularities
corner lot
Fronting
East
Taxes
$11,939 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Pvt Double
Garage Type
Built-In
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Markham Market Statistics
Markham Price Trend
1 Villa Ada Dr is a 6-bedroom 7-bathroom home listed for sale at $2,280,000, which is $360,600 (18.8%) higher than the average sold price of $1,919,400 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 6 bedroom home in Markham increased by $194,400 (11.3%) compared to the previous 30 day period (September 21 - October 20) and down $2,735,600 (58.8%) from the same time one year ago.Inventory Change
There were 2 6-bedroom homes listed in Markham over the last 30 days (October 21 - November 19), which is down 50.0% compared with the previous 30 day period (September 21 - October 20) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Markham typically sold $74,961 (3.9%) above asking price over the last 30 days (October 21 - November 19), which represents a $129,961 increase compared to the previous 30 day period (September 21 - October 20) and ($1,107,666) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 6-bedroom homes in Markham over the last 30 days (October 21 - November 19) stood at 100.0%, up from 25.0% over the previous 30 days (September 21 - October 20) and down from 300.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 7-bathroom home in Markham stood at 25 days when successfully sold over the last 30 days (October 21 - November 19), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Alpha Sold Realty
Similar Listings
Opportunity awaits at 249 Main Street North in Markham! This exceptional triplex property, located in the heart of Old Markham Village, is perfect for investors, those seeking multi-generational living or home occupations. The spacious lot offers abundant privacy and outdoor space, featuring three self-contained units: a 4-bedroom main house, a 1-bedroom basement unit, and a side bachelor suite, each with separate meters for easy rental management. The main house boasts an updated modern kitchen and new flooring, with a versatile layout that includes four spacious bedrooms and four baths, as well as a living room, dining area, family room, and flex space. As a bonus, there is a heated auxiliary building, which presents potential for a workshop, studio, or private office. The prime location in vibrant Old Markham Village places you surrounded by local shops and cafes, just steps from the GO Station, making it ideal for commuters!
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