All photos · 10

Stonehaven-Wyndham

589 Steven Court, Newmarket, ON L3Y 6Z3

$12,499,000

Beds

n/a

Baths

n/a

Type

Commercial

About this home

Welcome to 589 Steve Court, an exceptional 2.236-acre property featuring a 21,000 sq. ft. industrial building zoned Mixed Employment (EMI)-offering incredible flexibility for a wide range of permitted uses.Zoning allows for medical building, hotel, light manufacturing, office, public storage, warehouse, and more. The existing building is currently leased to seven separate tenants, providing stable income with future development potential. A 1-acre side lot offers excellent possibilities for building expansion or potential severance, enhancing long-term value and versatility for investors or end-users.This highly desirable location is minutes from Mulock Drive, Bayview Avenue, Yonge Street, and Highway 404, with public transit, GO Transit, and Southlake Regional Health Centre all close by. The property is also near Pickering College, Fairy Lake Park, and major recreational centers-making it ideal for future mixed-use or institutional development.Within walking distance to the proposed Mulock GO Station and the Proposed Major Transit Station Area (MTSA), this site offers prime positioning for future growth and transit-oriented opportunities.

Heating

  • · Gas Forced Air Closed

Cooling

  • · Partial

What it could cost monthly

Estimated monthly

$57,237

Principal & interest, per month


Mortgage amount
$9,999,200
Down payment
$2,499,800
Total interest paid
$7,172,039

Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.

A note from your agent

Alfred Martinelli

Broker

416-839-3599

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Listing brokerage

HARVEY KALLES REAL ESTATE LTD.

Each office independently owned and operated.