12 Main Street N, Markham, ON L3P 1X2
Old Markham Village · L3P 1X2
$2,200,000
$874 / sq ft3 months on market
- Total area
- 2,516 sf
- Lot
- 49.5 × 117 ft
What's special
- Outside/surface garage
- Yes
About this property
THE CORNER OF HERITAGE & OPPORTUNITY Prime Commercial Property For Sale - Old Markham Village. Markham Rd (Main St) & Highway 7. Welcome to the crown jewel of Old Markham Village-a designated historic building commanding the busiest intersection in one of Ontario's fastest-growing communities. Positioned directly on the corner of Main Street and Highway 7, this is not merely a building; it is a landmark, a destination, and a golden ownership opportunity. LOCATION: Highway 7 delivers 40,000+ daily commuters, while Main Street offers charming foot traffic from locals and tourists. Your brand captures mass exposure and boutique village patronage-a marketing dream. FINANCIAL ADVANTAGE: As a designated historic property, you qualify for about 18-20% Heritage Property Tax Reduction on municipal and education taxes-saving you about $2,000-$3,000 annually. Over a decade, that's up to about $30,000 in pure savings directly boosting your ROI.VERSATILE ZONING Fully approved for Commercial Office and Restaurant use-no speculative waiting. Currently operating as medical clinics with 4 established physicians, providing immediate rental income and a seamless transition. Restaurateurs capture dinner crowds; professionals gain 24/7 brand visibility and client-trusting heritage ambiance.7 EXCLUSIVE PARKING SPACES In a village where street parking is scarce, these 7 spaces are a strategic asset-driving higher property value and tenant demand. INVESTMENT THESIS: This is a recession-resistant, appreciating asset. Historical designation prevents over-development, protecting your value. With premium rent potential, tax rebates lowering hold costs, and surging Markham land values, this trophy asset offers exceptional long-term equity growth. WHY WAIT? Properties like this rarely hit the open market. Secure your flagship restaurant, expand your practice, or diversify with a generational asset today.
Property details
Property
- Property type
- retail
- Interior size
- 2,516 sq ft
- Lot size
- 49.5 × 117 ft
- Zoning
- MU-HMS
- Possession
- TBA
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Exterior & services
- Garage
- Outside/Surface
Costs
- List price
- $2,200,000
- Property taxes
- $18,278 / year (2025)
- Price per sq ft
- $874
- Rental items
- Hot Water Tank
Listing
- MLS® number
- N13606700
- Status
- For sale
- Listed
- July 26, 2026
- Days on market
- 102
- Last updated
- July 28, 2026
- Listing brokerage
- HOMELIFE BROADWAY REALTY INC.
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 97% of comparable retail listings in Markham are asking less.
- This home
- $874 / sq ft
- Comparable median
- $720 / sq ft
Based on 95 comparable active retail listings in Markham. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $9,731.34
- Property tax (est.)
- $1,523.15
- Estimated monthly
- $11,254
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $41,475
- Total due on closing
- $41,475
An estimate on the asking price of $2,200,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of HOMELIFE BROADWAY REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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