8 Nipigon Avenue
Berczy, Markham
$1,999,000
Welcome to 8 Nipigon Avenue - A Rare Investment Gem in Markham's Prestigious Berczy Village.This exceptional multiplex offers unmatched versatility with: ONE high-visibility commercial unit at street level - ideal for retail or office use with abundant free public parking in Berczy Square. TWO luxurious 3-bedroom, 3-bathroom back-to-back townhomes (5 & 7 Jaffna Lane) - each with separate entry and address for ultimate privacy. Total 4,568 sq ft of thoughtfully designed space. No monthly POTL fees! Currently generating over $100,000 annual rental income across all threeunits - perfect for investors seeking strong cash flow, end-users desiring supplementary income, or entrepreneurs ready to live and work in one prime location. Prime location withpublic transit at your doorstep. Zoned for Pierre Elliott Trudeau High School. Minutes to T&T Supermarket, New Kennedy Square, Markville Mall & Angus Glen CCA rare opportunity to secure a multi-use property in one of Markham's most coveted neighborhoods. Abundant parking for the commercial unit.
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| Type | Att/Row/Townhouse |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 3500-5000 sq. ft. |
| Property Tax | $11,326 |
| Lot Size | 22.17 ft x 95.2 ft |
| mls© Number | N13157638 |
| Listed By | KW Living Realty |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $10,232
- Property tax
- $944
- Heat allowance
- $150
- Housing costs
- $11,326 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$348,000
gross annual household income
- Payment at 4%
- $8,412 / mo
- Cash down
- $399,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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