309 - 1585 Markham Road
Toronto E11, ON
- 1,001 sqft
- Office
- 68 days on market
Excellent opportunity to own a bright and well-located commercial office unit at 1585 Markham Road, Unit 309. The space features a functional layout with two separate rooms plus a welcoming entry/reception area, offering flexibility for a variety of professional office users. Large windows provide plenty of natural light, creating a bright and comfortable working environment. A standout feature of this property is the inclusion of **three exclusive parking spaces**, providing added convenience for owners, staff and clients. Ideally located with excellent access to major roads, transit, Highway 401 and surrounding amenities. The unit is currently tenanted and generating an attractive **6% CAP rate**, making this a strong turnkey opportunity for investors seeking immediate income. For owner-users, the **tenant can vacate upon request**, offering flexibility to occupy the space based on the buyer's needs. A great opportunity for both investors and businesses looking to secure their own commercial space in a convenient Scarborough location.
Listing Details
- Taxes (2026)
- $5,029
- Listed
- July 5, 2026
Price History
Property
- Age
- 6-15
Parking
- Garage
- Underground
Location & Legal
- Cross Street
- Markham Road and Sheppard
- Zoning
- Zoning M - Buyer to confirm permitted uses
- Parcel Number
- 761080036
- Possession
- 30-59 days
- Occupancy
- Tenant
Commercial
- Office / Apartment Area
- 1001 Sq Ft
Included
- Inclusions
- Window Coverings, Electrical Fixtures
- Exclusions
- Tenant Office Furniture/Belongings
Community
Postal area M1B
- Population
- 65,555
- Private dwellings
- 21,561
- Median age
- 39.6
- Average household size
- 3.2
- Median household income
- $91,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto E11 · last 12 months
- Median sold price
- $709,750
- Homes sold
- 390
- Median days on market
- 21
- Sale-to-list price
- 98.9%
Based on 390 recorded sales of commercial properties in Toronto E11 over the last 12 months.
Listed by
COLDWELL BANKER THE REAL ESTATE CENTRE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 1,001 sq ft
- Price per sq ft
- $454.55
- Annual property tax
- $5,029
- Tax per sq ft
- $5.02
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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