2832 16th Avenue, Markham

$9,480,000
2832 16th Avenue

$9,480,000

New
3d
Investment

2832 16th Avenue, Markham

Total Monthly Obligation $44,233

Beds
0
Baths
0
Park
48
DOM
3d
Property Type-Investment
MLS® Number-N14097536
Beds-0
Lot Size-260 × 228 ft
Listed on site-Oct 20, 2026
Building Type-Investment
Taxes-$67,417.43 (2025)
Parking-Outside/Surface
Heating-Gas Forced Air Open
Brokerage-JDL REALTY INC.
Cooling-Yes
Fireplace-No
Pool-None
Sewer-Sanitary+Storm
Possession-60-89 days
Neighbourhood-Cachet
Title-Commercial

No agent assigned

A Rare Offering on Prestigious 16th Avenue in the Heart of Unionville/Markham! Built in 1997, this distinctive freestanding institutional building sits on approximately 1.21 acres, featuring a unique ravine setting with no immediate neighbours on three sides. Exceptional visibility, prominent street exposure, and convenient accessibility make this a standout opportunity for owner-users, investors, and organizations alike. Two entrances, expansive windows, and a welcoming reception area complement a versatile interior featuring numerous classrooms and private offices, along with generous open spaces offering flexibility to create additional rooms. Currently operating a private school with an official IELTS Test Venue, the property is well suited to a range of educational activities. A spacious indoor gymnasium with basketball and badminton facilities boasts exceptionally high ceilings, offering potential for conversion to a dealership garage or workshop. Additional highlights include a private executive office with a shower room, six luxuriously renovated washrooms, and a rooftop BBQ area with beautiful, unobstructed views. Potential uses include a school, daycare, corporate head office, luxury car dealership, retail, or residential use, with all proposed uses. Surrounded by established neighbourhoods and growing residential and commercial developments, this remarkable property combines privacy, presence, and versatility in one of Markham's most sought-after locations.

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Closing Costs

Mortgage Amount
$7,584,000
Land Transfer Taxes$223,475
Legal Fees (Est.)
$
Total cash required for closing$2,120,975

Total Monthly Obligation

$44,233/mo
Mortgage $38,240
Monthly Loss $34,170
Principal$10,063
Interest$28,177
Property Tax$5,618
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2832 16th Avenue

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