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Active

$2,690,000

Unit A&B - 48 Prospect St

Newmarket, ON L3Y 3S9

Unit A&B - 48 Prospect St, NewmarketListed at $2,690,000 Industrial. MLS® N12941634.

6,216Sq Ft
Industrial
$17,204Taxes/yr · 2026

Description

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

Property TypeIndustrial
CommunityCentral Newmarket
Lot Dimensions66 × 148 ft
Dir/Cross StProspect & Davis
Garage TypeLane
Heating TypeNone
A/CNo
SewersSanitary Available
Taxes (2026)$17,204
HSTIn Addition To
SecurityNo
Listed Date3/31/2026
Days on Market126 days
Possessionimmi

Business Details

Property Sub-TypeIndustrial
Property UseFree Standing
Occupant TypeVacant
Showing RequirementsLockbox, Showing System
Possession TypeImmediate
Listing Expires8/31/2026

Commercial Space & Financials

Industrial Area6,216 Sq Ft

Industrial Specifications

Clear Height18'
CraneNo
Outside StorageNo
Same-day showings available
5.0Rated 5 stars on Google ReviewsWhatsApp Us About This Listing

Property Insights

Listing Courtesy of: RE/MAX HALLMARK REALTY LTD.

MLS® #N12941634

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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About Newmarket Real Estate

This Industrial is located in the Central Newmarket community in Newmarket. Newmarket is York Region's northern anchor, offering an award-winning historic Main Street, the Upper Canada Mall, and strong community amenities. The East Gwillimbury GO station expansion is improving transit access. Buyers find good value in newer subdivisions while the downtown core retains small-town charm with restaurants and boutiques.

Historic Main Street shopping districtUpper Canada MallFairy Lake Park & trailsGO Transit expansion underway
~55 min commute to downtown TorontoWalkability: Walkable Main Street — car-dependent subdivisions
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