$2,280,000Asking Price
1 Villa Ada Dr
Box Grove, Markham
Welcome to an exceptional investment opportunity in the heart of a Tarion 2017 Homeowners Choice Award Winning community, crafted by Arista Homes. This expansive three-unit property combines the best of residential and commercial spaces, offering a unique live/work lifestyle with no maintenance fees.The property features a commercial unit on the ground floor, ideal for business ventures, complemented by two spacious 3-bedroom residential units, each with separate entrances for privacy and convenience.Enjoy impressive rental income potential from all three units, making it a lucrative opportunity for investors or those seeking multi-family living arrangements.Situated on a premium corner lot, the ground floor boasts soaring 11-foot ceilings, enhancing the spaciousness and appeal of the commercial space. The second level offers 9-foot ceilings, ensuring a bright and airy atmosphere throughout.Enhanced with numerous upgrades straight from the builder, including a fully interlocked exterior and an extended driveway providing ample parking space, this property promises both aesthetic charm and practical functionality.Conveniently located near all amenities, this property is poised to deliver a rental income of approximately $100,000 per year, making it an irresistible prospect for savvy investors and business owners alike.Don't miss out on this exceptional opportunity to own a versatile property that combines luxury living with income-generating potential.
Welcome to an exceptional investment opportunity in the heart of a Tarion 2017 Homeowners Choice Award Winning community, crafted by Arista Homes. This expansive three-unit property combines the best of residential and commercial spaces, offering a unique live/work lifestyle with no maintenance fees.The property features a commercial unit on the ground floor, ideal for business ventures, complemented by two spacious 3-bedroom residential units, each with separate entrances for privacy and convenience.Enjoy impressive rental income potential from all three units, making it a lucrative opportunity for investors or those seeking multi-family living arrangements.Situated on a premium corner lot, the ground floor boasts soaring 11-foot ceilings, enhancing the spaciousness and appeal of the commercial space. The second level offers 9-foot ceilings, ensuring a bright and airy atmosphere throughout.Enhanced with numerous upgrades straight from the builder, including a fully interlocked exterior and an extended driveway providing ample parking space, this property promises both aesthetic charm and practical functionality.Conveniently located near all amenities, this property is poised to deliver a rental income of approximately $100,000 per year, making it an irresistible prospect for savvy investors and business owners alike.Don't miss out on this exceptional opportunity to own a versatile property that combines luxury living with income-generating potential.
See MoreKey Info
- 3-Storey Triplex
- 4+ Parking
- Built-In Garage
- 9th Line / Hwy 407
- 5000+ Approximate Sq Feet
- 0-5 Years Approximate Age
- Forced Air Gas Heating
- Central Air
Property
- Taxes were $11,939 in 2024
- Possession: TBA
Details
- Brick Exterior
- Fireplace
- 2 Kitchens
- MLS #N8470430
- RE/MAX ALPHA SOLD REALTY
Extras
- three addresses: 1 Villa Ada Drive & 2 John Rudkin Ln & 4 John Rudkin Ln with three mail box.
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Office | Ground | 2-PieceBath, Large Window, Wet Bar | |
 | 1 2-Piece Bathroom on Ground Floor | |||
| 2 2-Piece Bathrooms on Main Floor | |||
| 2 3-Piece Bathrooms on Upper | |||
| 1 4-Piece Bathroom on Upper | |||
| 1 5-Piece Bathroom on Upper | |||
How Far is Too Far?
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Who lives here?
Box Grove, Markham is a north GTA neighbourhood notable for its business and science professionals. It has a higher than average population of immigrants from India and Sri Lanka, and Urdu and Tamil speakers. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 15 to 24 and adults aged 35 to 54.
Families
Kids Per Family
1.8
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
35%
of residents are
single and loving it.
35% singles
Markham (39%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
8%
of residents
are renters.
8% renters
Markham (15%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
47%
of residents are
university grads.
47% university grads
Markham (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$154K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 14% |
| Business | 14% |
| Sciences | 9% |
| Management | 7% |
| Government | 6% |
Immigrants
58%
of residents were
born outside of Canada.
58% immigrants
Markham (60%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
15.4% from India
All-time
Birthplace - Recent
2.3% from India
Recent
Foreign Languages
Foreign Languages
| Tamil | 18% |
| Cantonese | 8% |
| Urdu | 5% |
| Gujarati | 5% |
| Mandarin | 4% |
Religions
Religions
| Christian | 34% |
| Hindu | 30% |
| Muslim | 15% |
| Sikh | 6% |
| Buddhist | 2% |
