1585 Markham Road, Unit 309
1585 Markham Road, Unit 309
$455,000
$455/sq ft · 7 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $1,982 |
| Property Tax (MLS) | $419 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $2,401 |
Down payment: $91,000 (20.0%) · Mortgage: $364,000
Property tax uses MLS annual tax of $5,029/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Markham Place II Condos
Red Bricks Databy V.H.L. Developments Inc. · 6 Rosebank Drive
Maint. Fees
0.00
Occupancy
2011
Listing provided by COLDWELL BANKER THE REAL ESTATE CENTRE
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Data last updated: August 23, 2026 at 10:25 a.m.