7181 Yonge Street, Markham, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Thornhill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $399,900 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 underground garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Prime retail space/office located in the Shops on Yonge mall at the high-traffic Yonge & Steeles intersection. This first-floor unit offers excellent visibility along the main hallway and is ideal for an owner-user or as a strong investment opportunity. The space is currently operating as a beauty clinic. The property is surrounded by four high-rise residential condominiums and a commercial building, and is within a vibrant shopping complex featuring banks, restaurants, offices, the Liberty Hotel Suites, a second-floor food court, and a supermarket located directly underground. The building offers three levels of underground parking with ample spaces for visitors and tenants. A future subway extension will further enhance accessibility and value. Buyer to assume the existing tenant lease until January 14, 2029.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 7181 Yonge Street 169, Markham, ON L3T 0C7
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Markham, ON
For a property listed at $399,900 in Markham, the legal minimum down payment is $19,995 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 $4,474 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 $4,474.
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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.