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For saleMLS® N14108920

505 Highway 7 E 86, Markham, ON L3T 7T1

Commerce Valley · L3T 7T1

$449,888

$1,125 / sq ft

1 weeks on market

Total area
400 sf
0

What's special

  • Plaza garage
  • Yes

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About this property

An Exciting Opportunity To Own Your Own Commercial Retail Space At The Iconic Commerce Gate, One Of Markham's Most Recognized & Established Shopping And Dining Destinations! Whether You're An Entrepreneur Looking To Build Your Business Without Paying Rent To A Landlord, Or An Investor Seeking A Commercial Property With Long-Term Income Potential, This Is An Opportunity Worth Exploring. Situated In A High-Traffic Plaza At Highway 7 & Leslie, This Retail Unit Offers Excellent Exposure Facing The Main Parking Area, Surrounded By A Vibrant Mix Of Popular Restaurants, Bubble Tea Shops, Cafes, Specialty Retailers & Professional Offices. The Surrounding Residential & Business Communities Help Create A Dynamic Environment For Both Daytime & Evening Activity. An Ideal Opportunity For A Bubble Tea Shop, Cafe, Specialty Retail, Cafe, Bakery, Takeout Concept Or Other Boutique Business. Enjoy Ample Plaza Parking, Convenient Public Transit & Quick Access To Highways 404 & 407. For Business Owners, It's An Opportunity To Invest In Your Own Space & Build Equity Instead Of Paying Rent Year After Year. For Investors, It's A Chance To Own A Commercial Asset In A Well-Established Retail Destination With The Potential To Generate Rental Income For Years To Come. Own The Space. Build Your Business. Invest In Your Future.

Property details

Property

Property type
retail
Interior size
400 sq ft
Zoning
Commercial/Retail
Possession
Immediate/Flexible

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Garage
Plaza

Costs

List price
$449,888
Property taxes
$2,931 / year (2025)
Price per sq ft
$1,125

Listing

MLS® number
N14108920
Status
For sale
Listed
October 22, 2026
Days on market
13
Last updated
October 31, 2026
Listing brokerage
RE/MAX REALTRON REALTY INC.

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 44% of comparable retail listings in Markham are asking less.

$126KMedian $490K$1.40M
This home
$1,125 / sq ft
Comparable median
$720 / sq ft

Based on 95 comparable active retail listings in Markham. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $22,494
$22,494
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,363.13
Property tax (est.)
$244.26
Estimated monthly
$2,607

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
$5,473
Total due on closing
$5,473

An estimate on the asking price of $449,888. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX REALTRON REALTY INC.. 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.

$449,888

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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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