3636 Steeles Avenue, Markham, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Milliken Mills West. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $399,000 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
EXCELLENT LOCATION!!! RESTAURANT BUSINESS FOR SME, LOCATED AT METRO SQUARE PLAZA. NEAR CORNER OF WARDEN/STEELES. SURROUND BY MANY WELL KNOWN RESTAURANT. DOLLARS STORE. OFFICE BUILDINGS. 3 UNITS (151, 152, 153). COMBINES APROX. 3280 SQ FT. FULLY LLBO LICENCE FOR 75 PEOPLE. SPACES CAN FIT. OVER 115 SEATS. VERY BUSY RESTAURANT. PRESENTLY EMPLOYED 13 WORKERS (8 PEOPLE IN THE KITCHEN, 5 WAITER/WAITRESS). LEASE UNTIL FEB 28 2029 AT $31/SQFT plus. Aprox $25/TMI. 5 YEARS OPTION EXTRA. TENANT IS PAYING $22.000 / MONTH WITH HST. (APPROX. BREAK DOWN BASIC RENT $8520, TMI $7,000 WATER $3,500 PLUS HEAT, HYDRO ON SEPERATE METERS) A VIEWING ONLY BETWEEN 9AM- 11AM, PLEASE DO NOT DISTURB THE WORKER EMPLOYEE. BUSINESS HOURS 11AM TO 1AM DAILY.
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Pricing & Value Insights
Data-driven valuation for 3636 Steeles Avenue E 151-153, Markham, ON L3R 1K9
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About Purchasing a Home in Markham, ON
For a property listed at $399,000 in Markham, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.
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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.