589 Steven Court
Newmarket, ON
21,000 sqft • Industrial • 307 days on market
Welcome to 589 Steve Court, an exceptional 2.236-acre property featuring a 21,000 sq. ft. industrial building zoned Mixed Employment (EMI)-offering incredible flexibility for a wide range of permitted uses.Zoning allows for medical building, hotel, light manufacturing, office, public storage, warehouse, and more. The existing building is currently leased to seven separate tenants, providing stable income with future development potential. A 1-acre side lot offers excellent possibilities for building expansion or potential severance, enhancing long-term value and versatility for investors or end-users.This highly desirable location is minutes from Mulock Drive, Bayview Avenue, Yonge Street, and Highway 404, with public transit, GO Transit, and Southlake Regional Health Centre all close by. The property is also near Pickering College, Fairy Lake Park, and major recreational centers-making it ideal for future mixed-use or institutional development.Within walking distance to the proposed Mulock GO Station and the Proposed Major Transit Station Area (MTSA), this site offers prime positioning for future growth and transit-oriented opportunities.
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Listing Details
- Taxes (2024)
- $39,480
- Listed
- October 23, 2025
Price History
Property
- Lot Size
- 2.25 Acres
Location & Legal
- Cross Street
- Bayview & Mulock
- Zoning
- Mixed Employment Zone (EM)
- Parcel Number
- 036240541
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- New roof in 2025
Community
Postal area L3Y
- Population
- 43,556
- Private dwellings
- 17,365
- Median age
- 45.6
- Average household size
- 2.5
- Median household income
- $93,000
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 Newmarket · last 12 months
- Median sold price
- $930,000
- Homes sold
- 847
- Median days on market
- 21
- Sale-to-list price
- 97.9%
Based on 847 recorded sales of commercial properties in Newmarket over the last 12 months.
Listed by
HARVEY KALLES REAL ESTATE LTD.
Location
Commercial figures
- Building area
- 21,000 sq ft
- Price per sq ft
- $595.19
- Annual property tax
- $39,480
- Tax per sq ft
- $1.88
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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