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For saleMLS® E13524206

1585 Markham Road 309, Toronto, ON M1B 0B3

Malvern · E11 · M1B 0B3

$455,000

$455 / sq ft

4 months on market

Total area
1,001 sf
0
Age
6-15 years

What's special

  • Underground parking
  • Yes

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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

This property's sale history is hidden

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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.

$324KMedian $695K$4.38M
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

Down payment5.0% · minimum $22,750
$22,750
Interest rate5-year fixed, illustrative only
4.49%
Amortization
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.

$455,000

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