Salehian.com 647-325-5000

1585 Markham Road 309

Malvern, Toronto, M1B 0B3

$455,000

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Listed 107 days ago · MLS® E13524206

About this home

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.

Details

Type
Office
Age
6-15 years
Garage
Underground
Property tax
$5,029 (2026)
Neighbourhood
Malvern
Municipality
Toronto E11

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Available

Building and exterior

Age
6-15 years
Building area
1,001 Square Feet

More

Possession
Negotiable
Cross street
Markham Road and Sheppard

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚆 Agincourt GO3.8 km

Within a 10-minute walk: 2 grocery stores, 11 cafés and restaurants, 3 parks, 3 pharmacies. Nearest grocery: Food Basics (250 m). Nearest park: Cynthia Lai Park (350 m).

Schools nearby

Elementary

  • Burrows Hall Junior Public School
    EQAO: Gr 6 reading 94%, math 73%    11 min walk
  • St. Elizabeth Seton Catholic School Catholic12 min walk
  • Malvern Junior Public School
    EQAO: Gr 6 reading 74%, math 47%    12 min walk
  • White Haven Junior Public School
    EQAO: Gr 6 reading 87%, math 57%    14 min walk

Secondary

  • Dr. Marion Hilliard Senior Public School1.6 km
  • Lester B. Pearson Collegiate Institute
    EQAO: Gr 9 math 47%, literacy test 84%    1.6 km
  • Woburn Collegiate Institute
    EQAO: Gr 9 math 51%, literacy test 81%    1.6 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M1B

Owners / renters
72% / 28%
Median household income
$91,000
Average age
41
Children under 15
15%
Homes
30% detached, 22% high-rise
Commute by transit
23%
Population
65,555

Languages spoken most at home besides English: Tamil 9.5%, Tagalog (Pilipino, Filipino) 3.7%, Urdu 2.7%, Yue (Cantonese) 2.4%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Malvern East (2025): 30% below the Toronto average, about the same from the year before.

  • Assault34% below average
  • Break and enter57% below average
  • Auto theftabout average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootingsnone reported

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 3 active

  • 5060 SHEPPARD AVE E · 400 m
    Site Plan · Under Review · applied 2026
    Site Plan Approval for an addition to the existing 2-storey vehicle dealership and repair garage.
    Application details
  • 5085 SHEPPARD AVE E · 350 m
    Site Plan · Under Review · applied 2024
    Site Plan application to permit a 1-storey commercial building with a GFA of 232.3 square metres containing 2 retail units. The existing commercial buildings…
    Application details
  • 5556 SHEPPARD AVE E · 300 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2016
    27 storey residential development with office uses and day care use on the ground
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 20 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built RA

Residential Apartment (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2025 · Closed
    Proposed interior renovations of an accounting office to add reception area, pantry with one sink and enlarge room two - UNIT 408.
  • Interior Alterations · 2024 · Closed
    PROPOSED MINOR INTERIOR ALTERATIONS TO LAYOUT, INCLUDING BUILDING, HVAC, AND SPRINKLERS
  • Interior Alterations · 2023 · Closed
    Proposed Interior Alterations office.
  • Interior Alterations · 2023 · Closed
    Proposed interior alterations - The UPS Store #590.
  • Interior Alterations · 2021 · Closed
    interior alterations to office unit 402

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

19 City street trees within 100 m. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by COLDWELL BANKER THE REAL ESTATE CENTRE.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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