309 - 1585 MARKHAM ROAD, Toronto (Malvern)

$455,000

For sale: Other

Other at 309 - 1585 MARKHAM ROAD, Toronto (Malvern)
Property type
Office
MLS®
MLS® E13524206
Neighbourhood
Malvern

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.

Sold data

Homes in Malvern — recent sold market

Homes in Malvern took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 39, across 64 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 38 days.

The median sale price was $639,350.

Homes sold for about 2.3% below asking on average, so there was room to negotiate.

About 34% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$639,350
Sale-to-list ratio
97.7%
Sold above asking
34%

Based on 64 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Malvern)

Toronto (Malvern) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Malvern)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 309 - 1585 MARKHAM ROAD