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48 Prospect Street Unit A&B

Central Newmarket / Newmarket, ON L3Y 3S9

ActiveFor Sale
0 Beds
0 Baths
10,434 Sq Ft
Commercial

About This Property

This exceptional 10434 sq. ft. offers a rare blend of functionality, flexibility, and efficiency-ideal for a wide range of industrial users. Featuring 18-foot clear ceiling height, the unit provides ample vertical capacity for racking, equipment, or storage. Updated electrical service supports light to medium industrial operations, while two drive-in shipping doors ensure seamless logistics and operational flow.A dedicated office area allows for administrative use and client interaction, with clear separation from the warehouse floor. The layout is open and adaptable, suitable for manufacturing, warehousing, assembly, and distribution.An additional residential component above the office offers flexible use as either office space or living quarters.Full list of permitted uses available, there is also a residential component above office that can be used as additional office as well as residential. phase 1 and 2 have been completed and its clean for Mortgage. Seller may entertain VTB. Floor plan is attached. Apx 8 parking space in the back. Playground. Potential CMHC rental development

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size10,434 sq ft
Bedrooms0
Bathrooms0
Postal CodeL3Y 3S9
Last UpdatedAug 8, 2026 · 5:44 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® N12941634

Listed by RE/MAX HALLMARK REALTY LTD.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$2,690,000

asking price

MLS®N12941634
TypeCommercial
CityNewmarket
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$13,136

/month · $2,152,000 mortgage

Down Payment20% — $538,000
Interest Rate5.5%

Amortization

Total Interest

$1,788,687

Total Cost

$3,940,687

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

RE/MAX HALLMARK REALTY LTD.