352 Main St N St

FOR SALE
$3,100,000
352 Main St N St, Markham
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
352 Main St N St
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4
BEDROOMS
6
BATHROOMS
4
KITCHENS
14
ROOMS
N11241720
MLSID
Contact Us
Property Description
This newly built, 3-storey residential/commercial building presents a rare and valuable investment opportunity. The property features six fully leased residential apartments and two leased commercial units on the main floor, making it a reliable income-generating asset. The commercial spaces (Fully leased) are ideal for professional offices, medical practices, beauty services, or a variety of other business uses, and include wheelchair ramp access for convenience. The property also boasts a spacious paved driveway with ample parking available at the rear, as well as an EV charger. Additionally, there is a large finished basement with high ceilings, windows, and two separate entrances, offering further potential . Located in a prime area near shopping malls, restaurants, the GO station, and major highways, this property is perfectly positioned for long-term value. With a solid 5.3% CAP Rate, it offers an excellent return on investment in a rapidly growing community.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-01 2024-07-26 86 $2,999,500 - Terminated
2024-03-19 2024-04-30 42 $3,199,900 - Terminated
2023-06-12 2023-10-27 137 $3,199,000 - Terminated
2023-02-21 2023-05-23 91 $3,199,000 - Terminated
2022-03-01 2022-04-17 47 $3,445,000 - Terminated
2021-04-14 2021-07-23 100 $3,348,000 - Terminated
Extras
6 sets of stainless steel fridge, stove, b/i dishwasher, washer & dryer, exhaust fans. All electrical light fixtures, 7 a/c units, hrv/air handling units. Separate hydro meters for each apartment, commercials units & hallway area.
Nearby Intersections
Property Details
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
60' x 165'
Fronting
West
Taxes
$15,323 (2024)
Basement
Finished
Exterior
Brick, Other
Heat Type
Other
Heat Source
Other
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
9
Driveway
Other
Garage Type
None
Room Summary
RoomLevelSizeFeatures
OfficeMain12.14' x 57.41'Tile Floor, Bay Window, Pot Lights
OfficeMain10.01' x 32.32'Tile Floor, Window, Pot Lights
Br2nd10.50' x 11.98'Laminate, Closet, Window
Living2nd11.48' x 13.78'Laminate, Window, Pot Lights
Dining2nd11.48' x 13.98'Laminate, Combined W/Living, Pot Lights
Kitchen2nd9.51' x 11.98'Laminate, Window, Eat-In Kitchen
Br3rd11.48' x 11.98'Laminate, Closet, Window
Living3rd10.99' x 13.98'Laminate, Pot Lights, Cathedral Ceiling
Dining3rd10.99' x 13.98'Laminate, Window, Cathedral Ceiling
Markham Market Statistics
Markham Price Trend
352 Main St N St is a 4-bedroom 6-bathroom home listed for sale at $3,100,000, which is $1,481,059 (91.5%) higher than the average sold price of $1,618,941 in the last 30 days (November 11 - December 10). During the last 30 days the average sold price for a 4 bedroom home in Markham declined by $81,366 (4.8%) compared to the previous 30 day period (October 12 - November 10) and down $49,065 (2.9%) from the same time one year ago.
Inventory Change
There were 114 4-bedroom homes listed in Markham over the last 30 days (November 11 - December 10), which is down 23.5% compared with the previous 30 day period (October 12 - November 10) and up 37.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Markham typically sold ($15,153) (0.9%) below asking price over the last 30 days (November 11 - December 10), which represents a $16,576 decrease compared to the previous 30 day period (October 12 - November 10) and ($14,339) less 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 4-bedroom homes in Markham over the last 30 days (November 11 - December 10) stood at 68.4%, up from 56.4% over the previous 30 days (October 12 - November 10) and down from 85.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 6-bathroom home in Markham stood at 24 days when successfully sold over the last 30 days (November 11 - December 10), compared to 54 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Your Community Realty
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