20 New Delhi Drive, Markham, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Cedarwood. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $964,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
- Convenient plaza garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
An exceptional opportunity awaits with this prime two-storey corner commercial unit in the highly sought-after Newton Square plaza, ideally located at the busy intersection of Markham Road and New Delhi Drive in Markham. Offering outstanding visibility and exposure within a high-traffic commercial hub, this well-maintained property is zoned for both retail and professional office use, providing excellent flexibility for a wide range of businesses. The unit features two washrooms, separate entrances for each level, and abundant natural light throughout, creating a functional and welcoming environment. Situated in a vibrant open plaza with ample free parking, the property is surrounded by major national retailers, including Costco, The Home Depot, and Canadian Tire, along with leading financial institutions, and benefits from strong pedestrian and vehicular traffic in one of Markham's fastest-growing commercial and residential corridors. The main level is leased to a hearing aid clinic on a secure three-year term, generating stable rental income, while the upper level offers the flexibility for owner occupancy or additional rental income potential, making this an excellent opportunity for both investors and end-users seeking long-term growth and value.
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Pricing & Value Insights
Data-driven valuation for 20 New Delhi Drive 96, Markham, ON L3S 0B5
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About Purchasing a Home in Markham, ON
For a property listed at $964,999 in Markham, the legal minimum down payment is $71,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $15,775 for this transaction. As this listing is in Markham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $15,775.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.