1585 Markham Road 309, Toronto, ON M1B 0B3
Malvern · E11 · M1B 0B3
$455,000
$455 / sq ft4 months on market
- Total area
- 1,001 sf
- Age
- 6-15 years
What's special
- Underground parking
- Yes
About this property
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.
Property details
Property
- Property type
- office
- Interior size
- 1,001 sq ft
- Year built
- 6-15
- Zoning
- Zoning M - Buyer to confirm permitted uses
- Possession
- Negotiable
Interior
- Heating
- Gas Forced Air Open
- Cooling
- Yes
Exterior & services
- Garage
- Underground
Costs
- List price
- $455,000
- Property taxes
- $5,029 / year (2026)
- Price per sq ft
- $455
Listing
- MLS® number
- E13524206
- Status
- For sale
- Listed
- July 5, 2026
- Days on market
- 123
- Last updated
- October 2, 2026
- Listing brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 31% of comparable office listings in Toronto are asking less.
- This home
- $455 / sq ft
- Comparable median
- $621 / sq ft
Based on 96 comparable active office listings in Toronto. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $2,389.98
- Property tax (est.)
- $419.07
- Estimated monthly
- $2,809
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $5,575
- Toronto municipal
- $5,575
- Total due on closing
- $11,150
An estimate on the asking price of $455,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of COLDWELL BANKER THE REAL ESTATE CENTRE. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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