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 withabundant 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 ultimateprivacy. 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 supplementaryincome, 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&TSupermarket, New Kennedy Square, Markville Mall & Angus Glen CCA rare opportunity to secure a multi-use property in one of Markham's most covetedneighborhoods.
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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 | N13765628 |
| Listed By | KW Living Realty |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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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