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
48 Prospect Street A&B
Central Newmarket, Newmarket, York $2,690,000Make an offer
Lane
Garage
Zoning: MU-1. ( zoning doc attach)
- MLS®#:
- N12941634
- Property Type:
- Industrial
- Property Style:
- Area:
- York
- Community:
- Central Newmarket
- Taxes:
- $17,204 / 2026
- Added:
- March 26 2026
- Lot Frontage:
- 66
- Lot Depth:
- 148
- Status:
- Active
- Outside:
- Year Built:
- Brokerage:
- RE/MAX HALLMARK REALTY LTD.
- Lot :
-
148
66
- Intersection:
- Prospect & Davis
- Rooms:
- Bedrooms:
- Bathrooms:
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- No
- Heating Type:
- None
- Heating Fuel:
Listing Details
Insights
- Versatile Industrial Space: The property offers 10,434 sq. ft. of adaptable space with an 18-foot clear ceiling height, making it suitable for various industrial operations such as manufacturing, warehousing, and distribution.
- Residential Component: The inclusion of a residential area above the office provides potential for additional income or flexible use, catering to both business and living needs.
- Ample Parking: With approximately 8 parking spaces available, the property ensures convenience for employees and clients, enhancing operational efficiency.
Neighborhood Overview
Complete neighborhood profile for 48 Prospect Street A&B
Central Newmarket home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in Central Newmarket
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
