Homula Realty Brokerage
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180 & 188 Main Street N, Markham, ON L3P 1Y3

6 beds · 4 baths · 1 kitchen · 13 rooms · Investment
$1,998,000

Positioned in the core of historic Main Street Markham, this prominent corner property presents a compelling opportunity for both investors and end-users seeking a high-exposure commercial presence within a character-rich heritage setting. This distinguished 5-bedroom, 4-bath heritage building sits on an oversized lot and offers exceptional flexibility under dual residential and commercial zoning-well-suited for a wide range of professional and institutional uses including medical or dental clinics, private school or educational space, real estate brokerage, legal offices, or other service-based operations. The property features expansive principal rooms, refined architectural detailing, and a highly adaptable interior layout that can be configured to support client-facing businesses, collaborative workspaces, or mixed-use occupancy. A custom chef's kitchen, along with pot lights and built-in speakers throughout, enhances functionality for staff and client engagement alike. Extensive updates completed with permits-including electrical, windows, insulation, siding, driveway, and refreshed interior/exterior finishes-provide operational confidence while maintaining the building's historic appeal. Additional highlights include an insulated and heated garage equipped with an EV charger, supporting modern business needs. The large lot also offers significant redevelopment potential, including the option to introduce ample on-site parking with dual access points from Main Street and Bullock Drive-an invaluable feature for commercial usability and client convenience. Surrounded by established businesses, amenities, transit, and pedestrian activity, this high-visibility location ensures strong accessibility and long-term value. A rare opportunity to secure a landmark property with the scale, zoning, and flexibility to accommodate a wide variety of professional uses in one of Markham's most desirable corridors.

MLS number
N13695854
Type
Investment
Status
Active
Bedrooms
6
Bathrooms
4
Postal code
L3P 1Y3
Photos
50
Property tax
$7,444 / year
23days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$399,600 · minimum here is $399,600
$8,846.71per month
Borrowed before insurance$1,598,400
Total borrowed$1,598,400
Interest over 25 years at 4.5%$1,055,614

If you rented it out

-$9,467.05per month out of pocket
Rent$0.00
Everything it costs to hold$9,467.05
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by HOMELIFE/BAYVIEW REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.