50
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$2,498,000
Est. payment /mo
New
5775 Highway 7 N/A E Markham, ON L3P 1A5
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Bullock
MLS Listing ID N13025874
Annual Tax Amount $21,002
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Free-standing investment property with prime exposure on Highway 7. Former Tom's Burgers with many permitted uses. 1,800 sf main floor plus 1,500 sf basement. Clean environmental done in 2020. Currently leased to a top brand franchise. Tenant willing to stay or will consider selling the business if purchaser wants vacant possession. Current lease until June 2032 with escalations, with two - 5 year options to renew with strong franchise covenants. New roof shingles, downspouts, all new electrical, and main floor flooring installed in 2022.
Location
Province ON
County York
Area York
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 212.0
Others
Security Features No
ParcelsYN No
Virtual Tour https://house.sf-photography-photographer.com/5775-highway-7-markham-on-l3p-1a5?branded=0
Listed by HOMELIFE/BAYVIEW REALTY INC.
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