12 Centre Street, Markham, ON L3P 2N8
Old Markham Village, Markham · Near Main St Markham/Centre St · View map
About this home
Rare Investment Opportunity in the Heart of Markham! Own a charming heritage property near Main Street Markham Road, offering an exceptional blend of commercial and residential income potential. This attractive corner building features a ground-floor retail space plus two residential apartments, making it an ideal opportunity for investors seeking a mixed-use asset or end users looking to establish their business while generating rental income.The ground-floor commercial unit is leased at $4,500/month + HST, with a 5-year lease and an additional 5-year renewal option. The residential component includes a 2-bedroom, 1-bathroom apartment with estimated rental potential of $2,800/month and a 1-bedroom, 1-bathroom apartment with estimated rental potential of $2,000/month. All rents are plus water and hydro. Each unit is separately metered for hydro, while water is shared.The existing retail tenant may remain and negotiate a new 5-year lease, or vacate to accommodate another permitted use, subject to applicable approvals. A variety of potential uses may include a veterinary clinic, commercial school, medical or fitness facility, art gallery, professional office, restaurant, retail store and more.Whether you're expanding your investment portfolio, seeking a property with multiple income streams, or envisioning a location for your own business with residential rental income, this versatile heritage property offers outstanding flexibility and long-term potential in a desirable Markham location. A unique opportunity to invest, operate and grow!
The home
- Type
- Store w apt / office
- Square footage
- 1500 sq ft
- Lot size
- 22 x 126 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Driveway spaces
- 3
- Total parking
- 3
Taxes & other
- Property taxes
- $4,843/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- Immediate
- Cross street
- Main St Markham/Centre St
- Neighbourhood
- Old Markham Village
More
- MLS® number
- N14117002
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
12 Centre Street, Markham, ON L3P 2N8
Old Markham Village, Markham · Near Main St Markham/Centre St
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Listing history for 12 Centre Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 12 Centre Street
Answers come straight from this home’s MLS® listing.
How much is 12 Centre Street listed for, and what would it cost each month?
12 Centre Street is listed for $1,630,000. With 20% down ($326,000), the mortgage payment would be roughly $6,575 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,979 a month, all in. That figure is an illustration, not a quote.
Is 12 Centre Street freehold or a condo, and is there a monthly fee?
12 Centre Street is a store w apt / office in Old Markham Village, Markham. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 12 Centre Street have a garage and parking?
Yes. The listing shows the garage as outside/surface. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.
What style of home is 12 Centre Street?
12 Centre Street is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 12 Centre Street, and what is the lot size?
The lot is listed as 22 x 126 ft.
How is 12 Centre Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 12 Centre Street?
Property taxes are $4,843 a year (2025), or about $404 a month.
Where is 12 Centre Street?
12 Centre Street is in the Old Markham Village community of Markham. The nearest main intersection is Main St Markham/Centre St. The postal code is L3P 2N8.
Is 12 Centre Street still for sale?
Yes. It is an active listing (MLS® N14117002). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 12 Centre Street asking?
Similar properties for sale nearby right now include 180 & 188 Main Street N at $1,998,000 (6 bed), 197 Cachet woods Court at $1,575,350 and 1077 - 8333 Kennedy Road at $1,749,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 12 Centre Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 12 Centre Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Old Markham Village, picked by style, size and price.
Investment$1,998,000180 & 188 Main Street N, Markham6 bed · 4 bath · Old Markham VillageCourtesy of: HOMELIFE/BAYVIEW REALTY INC.View home →
Industrial$1,575,350197 Cachet woods Court, MarkhamCachetCourtesy of: WESTON REALTY PARTNERSView home →
Commercial retail$1,749,0001077 - 8333 Kennedy Road, MarkhamVillage Green-South UnionvilleCourtesy of: BAY STREET GROUP INC.View home →Courtesy of: HOMELIFE/BAYVIEW REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.