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New3 days ago

10 Station Lane

Unionville, Markham

$2,850,000

Detached|2-Storey
4 | 7 | 7
About this home

Location! Location! Rare opportunity to own a live/work heritage building in the historic Main St Unionville. This elegant building with a modern addition, totaling over 5,000 SF, offers a beautiful home-office environment. The 2,110 SF office space (including bsmt) is currently leased for professional office use. Each level, including the basement, contains an open concept office/reception/conference area. The main level has a kitchen and a 3-pc bath. The 2nd level includes 2 individual offices, a pantry and a 4-pc bath. The basement has another pantry and 2 storage areas. The residential portion is also leased. Its main level is improved with a living/dining area, a huge family room and a kitchen with breakfast area. The 2nd level contains 4 spacious bedrooms with 4 baths. The basement provides a large recreation area and 2 storage rooms. Professionally landscaped rear yard. 7 parking spaces. This building is strategically located within minutes to restaurants, Toogood Pond, shops, art gallery, public transit, Hwy 404 & 407. Ample public parking spaces across the street provide further convenience. Great opportunity for owners or investors. Buyer to assume both tenants.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size5000 + sq. ft.
Property Tax$11,362
Lot Size67.44 ft x 164.35 ft
mls© NumberN13831668
Listed ByHC REALTY GROUP INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$14,588
Property tax
$947
Heat allowance
$150
Housing costs
$15,684 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $570,000
25-yr amortization

Income needed

$483,000

gross annual household income

Payment at 4%
$11,993 / mo
Cash down
$570,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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